Thursday September 9, 8:03 am Eastern Time
Company Press Release
SOURCE: HealthAxis.com
HealthAxis.com and Health Plan Administrators, Inc. Announce Exclusive
Marketing Alliance
HPA's Flex-Term Health Insurance Product To Target Growing Number of People in Non-Traditional Jobs
Key Underwriters Include Allianz Life Insurance Co., The Hartford, Conseco and AEGON
EAST NORRITON, Pa. and TAMPA, Fla., Sept. 9 /PRNewswire/ -- HealthAxis.com, the Internet's leading online insurance marketer and a subsidiary of Provident
American Corporation (Nasdaq: PAMC - news), and Health Plan Administrators (HPA), a worldwide health insurance administrator, today announced an exclusive
distribution agreement to offer Flex-Term Medical, specially designed and competitively priced major medical insurance plans, via HealthAxis.com on the Internet.
HPA's Flex-Term Medical is a comprehensive health insurance product that provides affordable health coverage for both the growing number of people in
non-traditional jobs, including temporary and contingent workers less likely to receive health insurance from their employers, as well as people in career transition.
Flex-Term covers both individuals and families for one to three years and costs significantly less than traditional major medical insurance. It offers quick and easy
enrollment with simplified underwriting, instant approval and 48-hour policy issuance upon receipt of payment.
HPA Flex-Term plans are underwritten by leading international health insurance companies including Allianz Life Insurance Company of North America, The Hartford,
Conseco & AEGON.
Michael Ashker, President and CEO of HealthAxis.com, said: ''HealthAxis.com's Internet platform is the ideal distribution vehicle for HPA's Flex-Term product. Our
convenient and easy sign-up process and Web-direct pricing make it easy for people in non-traditional jobs or career transition to obtain health coverage for themselves
and their families.''
Michael Kosloske, President and CEO of Health Plan Administrators, said: ''We chose to partner with HealthAxis.com over other Internet insurance providers because
they offer fully transactional online applications and one-on-one advice from licensed insurance agents. This assured us that clients will receive the attentive service and
guidance they expect from HPA.''
About HealthAxis.com
HealthAxis.com, Inc. is a pioneer in the Internet distribution of health and life insurance to the individual and small group markets. HealthAxis.com does not engage in
any insurance underwriting and assumes no underwriting risk. Through its interactive, user-friendly, one-stop insurance Web site, healthaxis.com,
HealthAxis.com provides customers with the ability to purchase a full range of high quality, flexible insurance products and services at competitive prices.
HealthAxis.com also provides product and health information, instant price quotes, electronic application processing, online billing, claims status, policy or personal
information changes, and a customer hotline. Policyholders can easily and conveniently view billing information, claims history and policy details -- day and night, 7 days
a week. HealthAxis.com has Internet distribution agreements with AOL (Keyword: HealthAxis), Lycos, CNET, Snap.com, and Yahoo!. HealthAxis.com is currently in
the process of merging with its parent company, Provident American Corporation (Nasdaq: PAMC - news).
About Health Plan Administrators
Health Plan Administrators, Inc. (HPA) is an internationally renowned Third Party Administrator, representing three generations and fifty years of health insurance
expertise. HPA currently administers insurance coverage for over 50,000 new insureds yearly through over 30,000 licensed agents. With its professional team of
customer support, marketing, underwriting, claims, and reporting personnel, HPA leads the insurance industry in controlling claims costs while providing superior service.
State-of-the-art computer system and reporting capabilities allow HPA to provide superior service and flexibility to agent distributors and clients. Licensed and approved
nationally, HPA has always met or exceeded all state-mandated requirements including financial security, surety bonds, insurance coverage, and licensing.
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.
CONTACT: Deidre Holt (Investor) of HealthAxis.com, 610-275-3800 or dholt@healthaxis.com; Annalise Carol (Media) for HealthAxis.com, 212-484-7237 or
acarol@rlmnet.com; or Hani Free of Health Plan Administrators, 813-963-5300
SOURCE: HealthAxis.com
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