Monday August 30, 9:05 am Eastern Time
Company Press Release
SOURCE: HealthAxis.com
HealthAxis.com Launches Fortis Health Insurance Products Online; Temporary and Student Health Insurance Now Available Online
EAST NORRITON, Pa., and MILWAUKEE, Aug. 30 /PRNewswire/ -- HealthAxis.com, the Internet's leading online insurance marketer, and Fortis Health, a leading provider of individual and small group health insurance, announced today that Fortis Health's Short Term Medical and Student Select insurance products are now available online at healthaxis.com. This marks the first time Fortis Health has offered products that can be sold entirely online and extends HealthAxis' insurance product reach to customers in 44 states.
HealthAxis.com will offer online consumers the ability to purchase Fortis Health's Short Term Medical insurance, a temporary health insurance plan covering short gaps in coverage. Additionally, HealthAxis.com will distribute Fortis Health's Student Select insurance -- an individual major medical policy designed for full-time college students who are no longer covered by a parent's plan, who attend school outside their family plan's HMO or PPO region, or who want more comprehensive coverage than most student plans provide.
Michael Ashker, President and Chief Executive Officer of HealthAxis.com said, ''We are extremely pleased to partner with Fortis Health. Today's announcement underscores our commitment to providing a broad range of high-quality insurance products to meet the needs of online customers in all significant consumer markets.''
Dave McDonough, Executive Vice President and Chief Operating Officer of Fortis Health said, ''HealthAxis.com offers us a consumer friendly, cutting-edge Web site -- accessible through the Internet's most trafficked gateways.'' HealthAxis.com has exclusive distribution relationships with the Web's leading portals -- America Online, AOL.COM, Lycos, CNET and Snap!.
Regarding the newly available products, Ashker added, ''Short Term Medical and Student Select fill a real need. These high quality Fortis Health products are ideal for the Internet demographic consisting of professionals in career transition and college students who desire affordable, high quality health coverage.''
McDonough added, ''Census Bureau statistics show that during a one-year period, up to 20 million people have a one to six-month gap in insurance coverage. In addition, people ages 18-24 are the age group most likely to be uninsured and an age group most likely to be on the Internet. Many of these individuals are potential customers for Short Term Medical or Student Select.''
Under the Fortis Health/HealthAxis partnership, Fortis Health will pay HealthAxis.com, a licensed and appointed Fortis Health agent and the online subsidiary of Provident American Corporation (Nasdaq: PAMC - news), per policy compensation and provide claims processing for customers purchasing the Fortis Health products.
About HealthAxis.com
HealthAxis.com is a pioneer in the Internet distribution of health and life insurance to the individual and small group markets. HealthAxis.com is a fully transactional, 'digital insurance agent.' HealthAxis.com does not engage in any insurance underwriting and assumes no underwriting risk. HealthAxis.com has Internet distribution agreements with AOL (Keyword: HealthAxis), Lycos, CNET and Snap! HealthAxis.com is currently in the process of merging with its parent company, Provident American Corporation (Nasdaq: PAMC - news).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements made by the Company which are not historical facts may be considered forward-looking statements, including, without limitation, statements as to trends, management's beliefs, expectations and opinions, which are based upon a number of assumptions concerning future conditions that ultimately may prove to be inaccurate. Such forward-looking statements are subject to risks and uncertainties and may be affected by various factors which may cause actual results to differ materially from those in the forward-looking statements. For further information which could cause actual results to differ from the Company's expectations as well as other factors which could affect the Company's financial statements, please refer to the Company's reports filed with the Securities and Exchange Commission.
About Fortis Health
Fortis Health provides solutions for customers' health care needs by offering a wide array of individual, small group and specialty health insurance products. The specialty medical products include student insurance and a market leading short-term medical plan. Fortis Health includes health insurance products issued and underwritten by Fortis Insurance Company, John Alden Life Insurance Company, and Fortis Benefits Insurance Company. Fortis Health is based in Milwaukee, WI.
Fortis Health is part of Fortis, Inc., a financial services company that, through its operating companies and affiliates, provides specialty insurance and investment products to businesses, associations, financial service organizations and individuals in the U.S. Fortis, Inc. is part of the international Fortis group, which operates in the fields of insurance, banking and investments. Fortis is jointly owned by Fortis (NL) N.V. of the Netherlands and Fortis (B) of Belgium.
SOURCE: HealthAxis.com
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