Insurance Commissioner's Office Approves Company's Small Group Products; Small
Businesses to Realize Increased Choices
MILWAUKEE, Dec. 18 /PRNewswire/ -- Fortis Health, a national leading
provider of health insurance products, announced today that it has reentered
the Kentucky small group health insurance market, following recent approval of
its small group health insurance products by the Kentucky Department of
Insurance. The first to offer Medical Savings Account (MSA) plans to small
groups in Kentucky, the company will also immediately begin offering Premium
Only Plans (POPs) and Health Reimbursement Account (HRA) plans underwritten by
Fortis Benefits Insurance Company). In 2004, Health Savings Account (HSA)
plans will also be available.
"We are pleased about the reentry of Fortis Health into the small group
market in Kentucky," said Glenn Jennings, acting Kentucky Insurance
Commissioner. "We are very aware of the plight of the small employer and have
been working to bring more competition into that market. Consumers have been
asking for medical savings accounts and high deductible plans, so we are
especially pleased to see new products with that option."
Fortis Health's small group products are available to small business
owners. Fortis Health's small group products, underwritten by Fortis Benefits
Insurance Company, are marketed by Rogers Benefit Group (RBG).
"Fortis Health is excited to once again offer Kentucky businesses greater
options for health insurance. Kentucky is an excellent market for our
consumer-choice products," said Heidi Hanstein, Vice President, Small Group
for Fortis Benefits Insurance Company. "Built on the cornerstone of consumer
choice, our company's reentry will offer Kentucky employers affordable health
insurance options for their employees."
Fortis Health left the state in 1996 along with other insurance carriers
as a result of changes in state legislation. Regulatory officials and
Kentucky legislators, working with Fortis Health and a small number of other
insurance carriers, were able to open the doors for reentry. Fortis Insurance
Company reentered the market in February 2001 with its individual medical
insurance.
For additional information visit http://www.rogersbenefit.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
http://www.rogersbenefit.com
CONTACT:
Michelle Love-Johnson of Seroka Public
Relations, +1-262-523-3740, michelle@seroka.com
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