Thursday December 3, 10:07 am Eastern Time
Company Press Release
HealthAxis.com Rolls Out Full-Service Health Care Insurance Web Site
Customers in California Can Purchase Cost-Competitive Health Insurance on HealthAxis.com's Web Site
NORRISTOWN, Pa.--(BUSINESS WIRE)--Dec. 3, 1998-- HealthAxis.com Offers Wide Range of Convenience Tools to Simplify
Insurance-Purchase Decisions
HealthAxis.com, Inc., a pioneer in the online distribution of health insurance to the individual and small group markets, today announced the launch of its full-service, one-stop healthcare insurance Web site, www.healthaxis.com.
Customers in California now can purchase cost-competitive individual health insurance through HealthAxis.com's fully interactive, easy-to-use Web site. Policy holders have access to the First Health Group (NASDAQ: FHCC - news) network, the largest directly contracted PPO network in the nation, with approximately 270,000 physicians and 3,100 hospitals, as well as plans that offer complete freedom in choosing their physicians and hospitals.
The HealthAxis.com Web site, which was co-developed with vivid studios, a leading developer of integrated online ventures, 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. Policy holders can easily and conveniently view billing information, claims history and policy details - day and night, 7 days a week.
In addition to being available to consumers at its Web address: www.healthaxis.com, HealthAxis.com will be the exclusive direct marketer of individual and small group health insurance and related products on AOL and AOL.COM, Lycos, CNET and SNAP!. The millions of users who visit these leading Internet portals will be able to purchase a full range of health insurance products and services through widespread promotions and links to the HealthAxis.com site.
HealthAxis.com is partnering with leading health insurance carriers and plans to offer consumers nationwide a full range of health insurance products and services. In addition to health insurance for individuals, the Company plans to offer health insurance for small groups, dental insurance, vision care insurance, prescription coverage, critical care insurance, and long-term disability and long-term care insurance.
Michael Ashker, President and Chief Executive Officer of HealthAxis.com, said: ''HealthAxis.com is connecting the insurance carrier directly with the consumer. We believe that this Web-based platform offers efficiencies and cost-savings that will benefit our customers. And we look forward to developing even more convenience tools that consumers need to make informed purchases.'' Added Mr. Ashker, ''With more and more consumers turning to the Internet for everything from books to brokerages, the online distribution of health insurance is a natural next step. For individuals and small business owners that have to bear the cost of their own health insurance premiums, HealthAxis.com represents a compelling value proposition. By offering consumers quality, cost-competitive products and services via this new distribution platform, HealthAxis.com plans to be the leading online provider of health insurance to the $75 billion a year individual and small group markets.''
To ensure a high quality of service and highly individualized, technological support for the interactive site, HealthAxis.com has partnered with HealthPlan Services (NYSE: HPS - news), the nation's largest independent marketer and administrator of individual and small group health insurance.
HealthAxis.com currently offers health insurance for individuals in: Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Louisiana, Missouri, Mississippi, Nebraska, Ohio, Pennsylvania, Tennessee, Texas, Virginia, West Virginia.
HealthAxis.com, a subsidiary of Provident American Corporation (Nasdaq: PAMC - news), is a pioneer in the Internet distribution of health insurance to the individual and small group markets. Through its interactive, user-friendly Web site, healthaxis.com, HealthAxis.com provides customers with access to and the ability to purchase a full range of high quality, flexible insurance products and services at very competitive prices.
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.
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Contact:
Investor Contact: Media Contact:
Deidre Holt Lisa Wolford
HealthAxis.com Robinson Lerer & Montgomery
610/275-3800 for HealthAxis.com
deidreh@earthlink.net 212/484-7058
lwolford@rlmnet.com
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