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Celtic introduces qualified high deductible health savings account plan

www.celtic-net.com

(Chicago, August, 2004) – Celtic Insurance Company enters the new market of consumer-driven health programs created under recent federal legislation by introducing the CelticSaver HSA qualified high deductible health plan. Designed for individuals or families to provide major medical coverage including up to $5,000,000 of reliable health insurance protection combined with a tax-free Health Savings Account (HSA) option to make the health plan even more affordable.

The CelticSaver HSA Health Plan offers flexibility along with control for those between the ages of 18 and 64 ˝ years. Clients can choose a PPO or Managed Indemnity plan with individual deductible choices of $1,500, $2,600, and $5,000, and family deductible choices of $3,000, $5,150 and $10,000 with 100% payment of medical expenses after the deductible is met. The lifetime maximum of $5,000,000 provides consumers extensive protection against any major catastrophes.

“We’re excited to enter this new market,” said Jim Daly, Executive Vice President and Chief Operating Officer. “The CelticSaver HSA can take care of an individual’s healthcare needs and financial needs in one plan and allows consumers to leverage their health care dollars as never before.”

The CelticSaver HSA health plan works hard to give clients optimal access to health care providers and prescription drugs at competitive rates. Policyholders receive savings from the nationwide PPO network and pharmacy network and those who are traveling or relocating are assured of receiving continuous money-saving coverage.

Celtic partnered with MSAver, a nationally-recognized provider of HSA administration, to manage the health savings accounts. MSAver administers the accounts and manages them through a portfolio of financial instruments. Policyholders have a range of investment options to choose from and pay for qualified medical expenses such as contact lens, dental care and long-term care insurance by check or debit card from their MSAver HSA fund.

“These medical IRAs give individuals greater control over their healthcare decisions, offer significant tax advantages, and make it easy and economical to save for future medical expenses,” said Daly. “They’re a great opportunity.”

For 25 years, Chicago-based Celtic Insurance Company combines a track record of product innovation and financial stability in providing health insurance products for individuals of all ages. Since 1986, Celtic has earned an (Excellent) rating, currently

“A-” from A.M. Best, a demonstration of the company’s financial strength. Celtic is known in the industry for high-quality products, an emphasis on customer service and technological expertise. Celtic’s District Sales Managers, who provide pre-sale support to insurance agents, are available during business hours at 1-800-477-7990. And Celtic’s web site, www.celtic-net.com, has product information, underwriting guidelines, and online applications for all its products.

To get your free Celtic Individual, Family or Small Business Health Insurance Quotes enter your zip code at the top of the page.

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