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Prudential Long-Term Care Insurance Rate Increases ERISA Complaint

January 20, 2022

The defendants in this class action include the Prudential Insurance Company of America, which issued group long-term care insurance plans, and the sponsors of the plans, including Tufts University, in certain states. The problem? According to the complaint, the participants in the plans were told that their premiums could only be raised with the approval of their state’s Commissioner of Insurance. However, in certain states, such as Massachusetts (where Tufts is located), the Commissioner of Insurance does not have approval authority over group long-term care insurance rates.

Case Event File: Prudential Long-Term Care Insurance Rate Increases ERISA Complaint

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