Legislation Expands Availability of HSAs to Benefit American Consumers
MILWAUKEE, Dec. 8 /PRNewswire/ -- Today, Fortis Health Chairman Ben
Cutler, President and CEO Don Hamm, and Government Relations Director Kerry
Smith participated in the signing ceremony for the Medicare Prescription &
Modernization Act at the invitation of the White House. 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.
"Fortis Health has provided unwavering support for affordable health
insurance options. We applaud President Bush for taking this critical step
today," said Cutler. The passing of this legislation creates a powerful new
incentive to purchase health insurance for Americans who currently do not have
coverage. 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 will be offering HSA products for individuals and small
groups January 1, 2004. The company 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 comprised of Fortis Insurance
Company, John Alden Life Insurance Company and Fortis Benefits Insurance
Company. These companies develop and provide individual medical, small group,
short term and student health insurance products. In business since 1892,
Fortis Health's operating companies provide 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, +1-262-523-3740
NOTE TO EDITORS: Photos are available by contacting Karen
Grishaber at Seroka Public Relations at 262-523-3740.
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