Medical Savings Accounts (MSA) Provide Average Savings of 30 to 40 Percent For
Employers, Versus Traditional Low-Deductible Health Plans
MILWAUKEE and OVERLAND PARK, Mo., Oct. 24 /PRNewswire/ -- Fortis Health,
the nation's leading provider of Medical Savings Accounts (MSAs) for
individuals, has expanded its agreement with MSAver, a leading national MSA
administrator, to provide support for Fortis Health's Small Group MSA
products. The agreement will provide comprehensive administration and support
to agents who sell Fortis Health Small Group MSAs and the small business
owners and employees who purchase them. MSAs are tax-favored accounts
available to self-employed individuals and small groups to finance medical
care expenses. Employers can save an average of 30 to 40 percent, and
sometimes more, when offering an MSA over more traditional low-deductible
health plans.
"Fortis Health is committed to the continued development of effective
partnerships that directly benefit our customers and agents," said Tim
Bireley, Vice President, Small Group Product Management for Fortis Insurance
Company. "MSAver is a nationally-recognized administrator, and this expanded
agreement provides services that no other MSA seller is able to offer."
Under the agreement, MSAver provides setup and maintenance of Fortis
Health's Small Group MSAs with no up-front or annual fees. MSA customers will
be able to manage their account through a customized web site and toll-free
help lines. Agents will be equipped with expanded sales tools and resources,
including a presentation CD; plan comparison software that automatically
generates charts; a contribution spreadsheet; sample articles and more.
Through MSAver, Fortis Health's Small Group MSA customers will also have
access to a wide variety of investment alternatives.
"This agreement gives Fortis Health's Small Group MSA customers and agents
the ease and convenience of managing their MSA accounts, while saving them
money," said Jay Rodney, President of MSAver. "Services that customers would
typically pay for are now included at no charge, offering something truly
unique in an MSA product."
Agents interested in Fortis Health's Small Group MSAs with MSAver support
should contact their Fortis Health or John Alden sales management
representative. Small business owners who would like additional information
about MSAs as a solution to controlling their health care costs should contact
a Fortis Health- or John Alden-licensed 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, 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 .
About MSAver:
MSAver Resources, L.L.C. is a nationally recognized provider of MSA
administration. Founded in 1996, immediately after MSA legislation was
passed, MSAver is now considered the premier expert on the subject and
implementation of MSAs. MSAver provides its partners with a full range of
marketing materials, sales tools, and MSA CE qualified classes. MSAver has
assisted in the account set up and administration for over 30,000 lives.
SOURCE Fortis Health
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Related links:
http://www.fortishealth.com
CONTACT:
Michelle Love-Johnson of Seroka Public
Relations for Fortis Health, +1-262-523-3740, or
michelle@seroka.com , or Craig Keohan of MSAver Resources,
+1-913-663-4672 ext. 137, or ckeohan@msaver.com
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