Senator Grassley prompts AARPs review of its gap insurance product
- November 20, 2008 |
- evans
Marketing characterized as misleading; group suspends sales during independent investigation. In response to a U.S. Senate inquiry, AARP is reviewing sales of its health insurance plans after the group came under fire in recent weeks by critics who said the plans tout more coverage than they actually provide. AARP has hired its own independent investigator and stopped selling the limited-benefit indemnity insurance, which is sold by the groups for-profit subsidiary, AARP Services Inc., in partnership with United Health Group, one of the nations largest insurers. The products are offered as so-called gap coverage to AARPs base membership of retirees, part-time… Read More