MILWAUKEE, Sept. 6 /PRNewswire/ -- Fortis Health, the nation's leading
provider of temporary insurance, cautions college graduates and their parents:
don't allow a lapse in health insurance to jeopardize your financial future.
Many college graduates will find themselves without health insurance at the
end of the summer, either because of the termination of school-sponsored
coverage or because they are no longer an eligible dependent on their parents'
plan. Often times, students choose to remain uninsured, or the expiration of
coverage goes unnoticed, leaving students and their parents vulnerable to a
catastrophic injury or unanticipated illness.
"Too many graduates risk their financial well-being by going without
health insurance when their school-sponsored plan expires," comments Kathy
Clark, market development director for specialty products at Fortis Health.
"Many graduating students already leave college burdened with substantial
bills from school loans and credit cards. If he or she has a medical accident
while uninsured, the debt incurred may become insurmountable."
Fortis Health cautions this group to explore their options, as the
financial risks are not worth taking. For example, out-of-pocket medical
costs for a broken ankle can range up to $15,000 for someone who is uninsured,
far exceeding the premium of a Short Term Medical policy.
"For college graduates, the flexibility of Short Term Medical is
invaluable," adds Clark. "Fortis Health enables individuals to customize the
plan to meet their budget. For example, they can choose between one and six
months of coverage, apply using several different methods, including the
Internet and choose from a range of deductible options."
Fortis Health has made purchasing a short-term health insurance plan
surprisingly affordable for graduates. For example, a 25-year-old male from
the Philadelphia, Pa. area can pay as little as $187 for a 90-day coverage
period. A 24-year-old female from Madison, Wis., can pay just $226 for a
180-day term. 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.
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:
-- College graduates whose school-sponsored plan expires
-- College students who lose parent plan coverage upon graduation
-- Independent workers
-- Workers who have been laid off or are between jobs
-- New employees stuck in a health insurance "waiting period"
-- Temporary or seasonal employees
-- Early retirees with a short wait for Medicare coverage
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, plans may be purchased by calling
1-800-989-2345 or by contacting an independent insurance agent.
About Fortis Health:
Fortis Health is the leading developer and provider of Individual Medical,
Small Group, Short Term and Student Health Insurance products, issued and
underwritten by Fortis Insurance Company, John Alden Life Insurance Company
and Fortis Benefits Insurance Company. In business since 1892, the company
provides health insurance coverage for over one million people nationwide.
Fortis Health is headquartered in Milwaukee, Wis., and has operations offices
in Florida, Idaho, Minnesota 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 in the U.S. The company
has approximately $22 billion in assets under management and is part of
Fortis, an international financial services provider active in the fields of
insurance, banking and investment. Fortis' listed companies are Fortis (B) of
Belgium and Fortis (NL) of the Netherlands.
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 of Fortis Health,
+1-262-523-3740, michelle@seroka.com
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