Inclusion of HSA Provision Benefits American Consumers
MILWAUKEE, Nov. 24 /PRNewswire/ -- Fortis Health, a leading national
health insurer, applauds the House for passing the Medicare Prescription &
Modernization Act of 2003 (S.1, HR.1) on Saturday and implores the Senate to
pass the legislation. This Act includes a provision for Health Savings
Accounts (HSAs), which will increase health insurance options available to
consumers and make health insurance more affordable. The Act also provides tax
advantages for all Americans, while putting individuals in control of their
own health care costs.
"We are confident this will benefit American consumers as an outstanding
consumer-choice insurance alternative for business owners, individuals and
families," said Don Hamm, Fortis Health President & CEO. "As a strong
supporter of Medical Savings Accounts, and a leading provider of the
accompanying health insurance plan, we're also pleased that the House recently
passed a 12-month extension on MSAs. This provides a needed transition period
between MSA availability and the introduction of HSAs into the marketplace."
Fortis Health currently offers a diverse portfolio of consumer-choice
product and plan designs
"Building on our current portfolio, we strongly support HSAs as another
option for employers, individuals and families to secure affordable health
coverage," stated Hamm.
Fortis Health currently offers a variety of health insurance products and
options for consumers, including Medical Savings Account (MSAs) plans, Health
Reimbursement Arrangements (HRAs), Premium Only Plans (POPs), Flexible
Spending Accounts (FSAs), high-deductible Individual Medical plans and Short-
Term Medical insurance products that are issued and underwritten by Fortis
Insurance Company, John Alden Life Insurance Company and Fortis Benefits
Insurance Company. For more information, visit http://www.fortishealth.com .
About Fortis Health:
Fortis Health ( http://www.fortishealth.com ) is a national health insurance
company developing and providing 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. With almost 3,000
employees, Fortis Health is headquartered in Milwaukee, Wis., and has
operations offices in Minnesota, Idaho, and Florida, as well as sales offices
across 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, 2002, Fortis had total assets of
approximately $500 billion. As one of the world's largest financial services
companies, Fortis ranks 73rd based on revenues on the Fortune 'Global 500'
(July 21, 2003) and 40th based on revenues on Forbes' International 500 list
(July 3, 2003).
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
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