Easy & Affordable Short-Term Medical Plans Offered as Solution
MILWAUKEE, Feb. 18 /PRNewswire/ -- Over 41 million Americans are uninsured
today, many of whom have lost their jobs and are first realizing the high cost
of health care coverage that was previously provided by their employer.
Rather than take on this new expense while unemployed, many are choosing to go
without coverage all together -- risking not only their health but also their
financial well-being. What these individuals don't realize is that affordable
solutions do exist, such as Short-Term Medical Insurance.
According to Steve Keller, Specialty Products Marketing Director at Fortis
Health, the nation's leading provider of Short-Term Medical Insurance, many
individuals do not take into account the potentially devastating financial
risks of going without insurance coverage. In addition, most consumers are
unaware of affordable alternatives.
"Being unemployed does not have to mean going uninsured," says Keller.
"Short-Term Medical offers an affordable solution to fill the gap between
jobs, and protects individuals and their families in the event of an
unexpected illness or injury."
An affordable solution
Federal law requires that employers with over 20 employees who also
provide group coverage, offer COBRA to displaced workers. The coverage is
costly, averaging approximately $3,000 for individuals and $8,000 per year for
family coverage.
Short-Term Medical is a cost-effective alternative to maintain health care
coverage at a fraction of the price of COBRA -- typically about one-third the
cost. The plans are designed for generally healthy individuals in a variety
of situations. These include:
-- Workers who have been laid off or are in between jobs
-- Employees starting positions who are facing the health insurance
"waiting period"
-- College students who are no longer covered under their parents' plan
following graduation
-- Employees in seasonal or temporary positions
-- Independent workers
-- Early retirees who have a short waiting period for Medicare
Short-Term Medical Insurance is available through Fortis Health in
46 states at affordable rates. For example, a 35-year-old female living in
Boulder, Colorado can pay as little as $132 for 90 days of coverage. A
Madison, Wisconsin man, age 45, can pay just $203 for 90 days of individual
coverage. Plus, customers have the flexibility to choose more- or
less-expensive coverage based on the amount of the deductible he or she
chooses. Short-Term Medical does not cover pre-existing conditions. Coverage
can start as early as the next day.
Coverage available at your fingertips
Getting a quote or applying for coverage is simple through Fortis Health's
Short-Term Medical web site, which can be found at
http://www.temporaryinsurance.com . The site allows customers to receive
quotes immediately by answering a few simple questions and provides
information on Short-Term Medical benefits and coverage, and coverage can be
obtained as early as the next day. In addition, plans can be purchased
through individual agents, or by calling 1-800-989-2345.
About Fortis Health:
Fortis Health is committed to helping Americans meet their health
insurance needs. In business since 1892, the company is a leader in the
Individual Medical, Small Group, Short-Term and Student Health insurance
markets. Fortis Health provides coverage for more than one million people
nationwide. Its products are underwritten and issued by Fortis Insurance
Company, John Alden Life Insurance Company and Fortis Benefits Insurance
Company. Fortis Health is headquartered in Milwaukee, Wisconsin, and has
operations offices in Minnesota, Florida, Idaho and Ohio, with sales offices
throughout the country.
Fortis Health is part of Fortis, Inc., a financial services company that,
through its operating companies and affiliates, has built leadership positions
in a number of specialty insurance market segments. Fortis, Inc. is part of
Fortis, a financial services provider active in the fields of insurance,
banking and investment. As of year-end, 2001, Fortis had total assets in
excess of $400 billion. Fortis ranks 31st based on assets and 85th based on
revenues on the Fortune 'Global 500' (July 22, 2002) and 38th on the Forbes
Global 'Super 50' list (July 3, 2002).
Fortis Health can be found on the Internet at http://www.fortishealth.com .
SOURCE Fortis Health
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Related links:
http://www.temporaryinsurance.com
http://www.fortishealth.com
CONTACT:
Michelle Love-Johnson of Seroka Public
Relations, +1-262-523-3740, or michelle@seroka.com , for Fortis
Health
NOTE TO EDITORS: Members of the media interested in more
information or an interview may contact Michelle Love-Johnson.
For more information about other Fortis Health Insurance plans
visit http://www.fortishealth.com .
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