HealthExtras and UnumProvident Premiere Cost-Effective Short-Term Accident Benefits.Business Editors/Health & Medical Writers ROCKVILLE, Md.--(BUSINESS WIRE)--May 1, 2001 HealthExtras, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :HLEX), a leading source of affordable health and disability benefit programs developed specifically for individuals, small businesses and employer groups employer group Association of employers Managed care An entity with a current group benefits agreement in effect with a health plan to provide covered health care services to its employee-subscribers and eligible dependents. , today announced the launch of the Monthly Income Protection Plan. In partnership with UnumProvident Corporation (NYSE NYSE See: New York Stock Exchange :UNM UNM University of New Mexico UNM UnumProvident Corporation UNM Under New Management UNM United Nations Medal UNM User Name Mapping ), HealthExtras has introduced this benefit program designed to provide financial support for short-term disabilities due to accidental injury. Initially, the Monthly Income Protection Plan will be promoted by five of HealthExtras' direct marketing partners. "The income replacement plan complements our line of health and disability programs," said David T. Blair, Chief Executive Officer of HealthExtras. "Traditional health insurance picks up a majority of the medical expenses. What our short-term disability benefit provides is financial support to cover other necessary expenses while the insured individual is temporarily out of work recovering from an injury." "Development of the Monthly Income Protection Plan demonstrates the level of commitment of both HealthExtras and UnumProvident to deliver disability benefits to the underserved marketplace at an affordable price," explained Bob Nash Robert (Bob) Lee Nash (born August 24, 1950, in Hartford, Connecticut) is the head men's basketball coach at the University of Hawaii at Manoa. He took over for the retired Riley Wallace in April 2007. , Vice President, UnumDirect. "We are excited to team with HealthExtras to introduce this new accidental injury program that will serve as a safety net for a large segment of the marketplace. This relationship allows us to expand our distribution capabilities and deliver disability products to broader market segments not served by our traditional brokerage channel." About UnumProvident Corporation (www.unum.com) The subsidiaries of UnumProvident Corporation offer a comprehensive, integrated portfolio of products and services backed by industry-leading return-to-work resources and disability expertise. UnumProvident is the world leader in protecting income and lifestyles through its comprehensive offering of group, individual and voluntary benefits products and services. UnumProvident has operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, the U.K., Japan and elsewhere around the world. About HealthExtras (www.healthextras.com) HealthExtras is a leading provider of health and disability programs. Through its web site www.healthextras.com, employee benefit plans and other direct channels, HealthExtras offers individuals, small businesses and employer groups customizable and affordable health and disability benefit programs. The Company has strategic relationships with underwriters, and its marketing partners include the nation's largest financial institutions, along with leading affinity groups, associations and Internet companies. Additionally, HealthExtras has a relationship with actor and advocate Christopher Reeve to promote its programs. Founded in 1997, HealthExtras is located in Rockville, Maryland Rockville is the county seat of Montgomery County, Maryland, United States. According to the 2006 census update, the city had a total population of 59,114, making it the second largest city in Maryland. , and is publicly traded on the Nasdaq Exchange under the symbol: HLEX. This press release may contain forward-looking information. The forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in HealthExtras' filings with the Securities and Exchange Commission. |
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