Product Appeals to Cost-Conscious Employers and Consumers Who May Not Require
Comprehensive Coverage
MILWAUKEE, JULY 10 /PRNewswire/ -- John Alden Life Insurance Company, a
legal entity of Fortis Health, announces another low-cost plan option for John
Alden Dental (JAD), its dental insurance product designed specifically for
small businesses. Like John Alden's two existing plans, the new product is
offered through North Star Marketing, the national sales and distribution
division of John Alden Life Insurance Company. Effective dates for the
recently introduced plan option will be August 1, 2002 and beyond; agents can
obtain quotes for their clients beginning in early July 2002.
"This new plan option appeals to cost-conscious customers who may not
require more comprehensive coverage," says Kerri Mansberg, Vice President-John
Alden Product Management. "For example, families who have young children may
not need coverage that includes major services like root canals. This plan
suits their needs, with a lower deductible and premium."
Available to any small employer with at least three covered employees, the
new product can be purchased as part of a complete employee benefit program or
as a stand-alone product.
The new product version is available as both PPO and Indemnity options.
Each is flexible, and the PPO Plan includes network and non-network coverage.
Both PPO and Indemnity Plans offer 100 percent coverage on preventive
services, after a $50 deductible, and a $1,000 benefit year maximum. Basic
services in the PPO Plan are covered at 70 and 50 percent for network and
non-network providers, respectively, after the deductible. With the Indemnity
Plan, the new product offers 50 percent coverage of basic services after the
deductible.
"This plan is ideal for employers who want to offer dental benefits while
keeping costs down," explains Mansberg. "It will generally cost an average of
$10-13 a month, which varies by market."
As of August 1, the new product will be available in 24 states --
Arkansas, Arizona, California, Connecticut, Iowa, Idaho, Illinois, Kentucky,
Maine, Michigan, Missouri, Montana, Nebraska, New Jersey, Nevada, Ohio,
Oklahoma, Pennsylvania, South Carolina, South Dakota, Virginia, Wisconsin,
West Virginia and Wyoming. On September 1, the plan will be available in 12
additional states -- Alabama, Colorado, Delaware, Georgia, Kansas,
Massachusetts, Minnesota, Mississippi, North Dakota, Tennessee, Texas and
Washington -- and will be rolled out over the coming months in every state
except Alaska, New York and Hawaii. Employers or agents interested in more
information about John Alden Dental plans should contact a North Star
Marketing Representative at 1-877-225-5077, or via email at
dental@nstarmarketing.com .
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.
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 may contact Michelle
Love-Johnson at 262-523-3740 or michelle@seroka.com . Fortis Health can be
found on the Internet at http://www.fortishealth.com .
SOURCE Fortis Health
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Related links:
http://www.fortishealth.com
CONTACT:
Michelle Love-Johnson, Vice President of
Seroka Public Relations, +1-262-523-3740, or michelle@seroka.com
, for Fortis Health
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