In Wake of September 11th Tragedy, Short-Term Medical Insurance is An
Immediate, Affordable and Flexible Solution for Individuals and Their Families
Between Jobs
MILWAUKEE, Oct. 3 /PRNewswire/ -- Fortis Health, a leading provider of
individual and small group health insurance products nationwide, cautions
travel industry workers who have been laid off as a result of the tragic
events on September 11th to continue their health insurance coverage.
"With the loss of jobs in the travel industry, entire families are
affected and the financial challenges they face can be huge," comments Kathy
Clark, market development director at Fortis Health. "The decision to go
without insurance because they assume it will be expensive ultimately puts
them at even greater financial risk. Fortis Health's affordable, yet highly
valuable short-term medical coverage could be the solution."
Fortis Health wants to ensure that workers and their families are
safeguarded against further financial loss through a lack of coverage and
encourages those affected to look into their options, as the risks are not
worth taking. For example, out-of-pocket medical costs for a broken ankle
could potentially reach as much as $15,000 for someone who is uninsured, far
exceeding the premium of a Short Term Medical policy. Short Term Medical is
designed for generally healthy individuals who experience a gap in coverage.
Recent estimates have put the number of laid-off airline employees alone
at 100,000 -- and growing. Fortis Health, the nation's leading provider of
short-term insurance plans, has protected over 2.5 million people in similar
situations over the past 25 years.
One of the greatest advantages of Short Term Medical insurance from Fortis
Health 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). Fortis Health offers customized plans to meet various needs and budgets
by selecting from several options in deductibles, co-payments and lengths of
coverage between one and six months. Participants have the choice of doctors
and hospitals, prescription drug coverage, excellent in-hospital and
outpatient benefits and more.
Short Term Medical is surprisingly affordable. For example, a 35-year-old
man from Chicago selecting a $250 deductible can expect to pay as little as
$328 for three months, while a female from Atlanta at age 30 could pay just
$238 for the same term with a $500 deductible. Family coverage is also
available. Plus, coverage may begin as soon as the next day, offering instant
peace-of-mind.
Fast and easy, Short Term Medical insurance information, estimates and
simple applications can be accessed from Fortis Health's website at
http://www.temporaryinsurance.com . "We have designed services like the
website to allow people to research, purchase and obtain a Short Term Medical
policy in just minutes," explains Clark. "The site is extremely
user-friendly." The same information and resources are also available by
calling a friendly Fortis Health insurance advisor at 1-800-989-2345 between
the hours of 7:30 a.m. and 5:00 p.m., CST. The product is also available
through independent insurance agents.
About Fortis Health
Fortis Health is the leading developer and provider of Individual Medical,
Small Employer, 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 Minnesota, Idaho, Texas, Florida 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 +1-262-523-3740 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 for Fortis Health,
+1-262-523-3740, michelle@seroka.com
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