Greater Awareness of Short-Term Medical Insurance Part of Solution:
http://www.temporaryinsurance.com
MILWAUKEE, Feb. 21 /PRNewswire/ -- With the number of unemployed in this
country reaching 8.0 million in January, the burden is on the laid-off worker
to study health insurance options. Choosing to live without health insurance
puts individuals and families at risk for even greater financial loss. The
trouble is, many don't realize they have options. Finding an affordable
solution -- like short-term health insurance -- can be quick and simple.
Short Term Medical insurance can help millions of people fill the gap
between permanent health insurance plans, according to Raj Bal, Vice President
Specialty Products at Fortis Health ( http://www.fortishealth.com ).
Continuing coverage is critical to workers
"Continuing health insurance coverage is important for individuals and
families, but sometimes with the high costs, they decide to go without,
placing them at risk for financial ruin in the event of an unexpected major
medical catastrophe," says Bal. "Fortis Health's Short Term Medical offers an
easy and affordable answer for these people."
One of the greatest advantages of Short Term Medical insurance is that it
is a more cost-effective alternative to COBRA insurance (the coverage that
employers offering group health coverage must offer by federal law).
Furthermore, employer groups of less than 20 are not required to provide
COBRA, so a large portion of small employer-based workers, along with the
self-employed, do not have access to continuing coverage.
Short Term Medical coverage is designed for generally healthy individuals
in a variety of situations. It's designed to cover a gap in health insurance
coverage that might range from one to six months. Typical situations include:
-- Workers who have been laid off or are between jobs
-- New employees stuck in a health insurance "waiting period"
-- College students who lose parent plan coverage upon graduation
-- Temporary or seasonal employees
-- Independent workers
-- Early retirees with a short wait for Medicare coverage
Easy and affordable plan
Fortis Health has made purchasing a short-term health insurance plan
surprisingly affordable for individuals and families. For example, a
45-year-old male from the San Jose area can pay as little as $225.00 for a
90-day coverage period. A Cincinnati woman, age 35, can pay just $126.00 for
a 90-day term. Family coverage is also available. Plus, customers can choose
more or less expensive coverage by selecting a lower or higher deductible.
Coverage may begin as soon as the next day.
Applying for coverage is simple at Fortis Health's short-term insurance
web site, http://www.temporaryinsurance.com , which provides more detailed
information on plan benefits. In addition, customers may buy plans by calling
1-800-989-2345 or by contacting their independent insurance agent.
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, Wis., and has
operations offices in Minnesota, Florida, Idaho and Ohio.
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 second quarter, 2001, Fortis had total assets
in excess of $400 billion. Fortis ranks 31st based on assets and 73rd based
on revenues on the Fortune 'Global 500' and 42nd based on revenues on the
Forbes 'International 500' list (July 23, 2001).
Members of the media interested in more information or an interview may
contact Michelle Love-Johnson at 262-523-3740 or michelle@seroka.com. For
more information about other Fortis Health Insurance plans visit
http://www.fortishealth.com
SOURCE Fortis Health
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Related links:
http://www.fortishealth.com
CONTACT:
Michelle Love-Johnson of Seroka Public
Relations, +1-262-523-3740, michelle@seroka.com , for Fortis
Health
NOTE TO EDITORS: Interviews available. For more information on
Short Term Medical insurance, see the background fact sheet in
the Newsroom-Media Kit at http://www.fortishealth.com or call contact.
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