Legislation expands availability of health savings accounts for all Americans
MILWAUKEE, Nov. 25 /PRNewswire/ -- Fortis Health, a leading national
health insurer for individuals, small businesses and business owners,
announces its support of the Medicare Prescription & Modernization Act, which
was passed today by Congress in a 54 to 44 vote. The 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're encouraged with this news because President Bush has previously
indicated he will sign the bill into law once it comes before him," said Don
Hamm, Fortis Health President & CEO. "The passing of this legislation will
create a powerful new incentive to purchase health insurance for Americans who
currently do not have coverage, and noted that it also provides important tax
incentives for people who purchase their own insurance."
Fortis Health currently offers a diverse portfolio of consumer-choice
product and plan designs
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 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 .
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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