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Prior mental health claims can ruin your health insurance future, says insure.com

Quotesmith.com, Inc. (ticker: QUOT, exchange: NASDAQ) News Release - 4/08/2002


Prior mental health claims can ruin your health insurance future, says insure.com

WEST HARTFORD, Conn., April 8/PRNewswire/ -- If you've ever taken Prozac, Zoloft or other antidepressant, or sought counseling for a mental health problem, you may find yourself a pariah in the individual health insurance market.

Insure.com, a wholly owned subsidiary of Quotesmith.com (Nasdaq SmallCap: QUOT), explains how the health insurance market judges those who seek even the briefest mental health help. "Don't Let a Previous Mental Health Claim Ruin Your Health Insurance Prospects"

You may be stunned to learn that someone receiving treatment for any "mental/nervous disorder," whether that treatment was for something as serious as schizophrenia or for something as mild as counseling to help weight loss, is often rejected by health insurers. And those who are offered an individual health insurance policy may find their coverage comes at a much higher price and excludes any treatment for past or present medical conditions.

To protect your health insurance future, consider taking these actions:

Pay cash for your antidepressant medications or counseling sessions. This reduces the paper trail back to your health insurer.

Contact an experienced health insurance broker. An experienced health insurance broker will know the underwriting criteria of several individual insurers and may be able to increase your chances of acceptance.

Provide full documentation of your recovery. If you can provide medical records that show you're no longer taking medication or attending counseling sessions, you may sway the underwriter to issue the policy.

Enlist the help of your doctor. If you're denied a health insurance policy, ask your doctor to write a letter supporting your re-application, particularly if you are no longer taking medication or receiving mental health treatment.

About insure.com and Quotesmith.com

Founded in 1984, Quotesmith.com owns and operates two comprehensive online consumer insurance information services, www.insure.com and www.quotesmith.com. Catering to self-directed insurance shoppers, Quotesmith.com provides a comprehensive array of comparative auto, life and health quotes, including news, information and decision-making tools that are not available from any other single source. Visitors to the company's Web sites are able to obtain instant quotes from more than 300 leading insurers, achieve maximum savings and have the freedom to buy from any company shown. Quotesmith.com generates revenues from the receipt of commissions, fees, content licensing and advertising revenues paid by participating insurers. Quotesmith.com also provides personalized insurance brokerage and policy placement services for its customers. Shares of Quotesmith.com trade on the Nasdaq SmallCap Market under the symbol "QUOT."

Insure.com (http://www.insure.com) produces extensive reports about consumer insurance issues. With insure.com's interactive tools, detailed feature stories, helpful tips, and popular reader forums, consumers can become savvy insurance shoppers.

Insure.com's writers are available for media interviews on auto, home, health, and life insurance topics.

Cautions about Forward-Looking Statements

This announcement may contain forward-looking statements that involve risks, assumptions and uncertainties pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. This announcement also contains forward-looking statements about events and circumstances that have not yet occurred and may not occur. Expressions of future goals and similar expressions including, without limitation, "intend," "may," "plans," "will," "believe," "should," "could," "hope," "expects," "expected," "does not currently expect," "anticipates," "predicts," "potential" and "forecast," reflecting something other than historical fact, are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Investors should be aware that actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. Reported Web site activity and/or quotes are not necessarily indicative of any present or future revenue. Quotesmith.com will not necessarily update the information in this press release if any forward-looking statement later turns out to be inaccurate. Potential risks and uncertainties include, among others, Quotesmith.com's ability to successfully launch and realize revenues from new products and services, potential business risks associated with generating revenues from the insure.com platform, limited e-commerce operating history, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, seasonality, consumer trends, competition, risks of system interruption, the evolving nature of its business model, the increasingly competitive online commerce environment, dependence on continuing growth of online commerce and risks associated with capacity constraints and the management of growth. More information about potential factors that could affect Quotesmith.com's financial results are included in Quotesmith.com's Annual Report on Form 10-K for the year ended December 31, 2000, and Quotesmith.com's Quarterly Reports on Form 10-Q for the periods ended March 31, 2001, June 30, 2001 and September 30, 2001 which are on file with the United States Securities and Exchange Commission. Some insurance companies appear at Quotesmith.com for purely informational purposes only and pay no compensation to Quotesmith.com and some insurers pay commissions or fees to Quotesmith.com based upon premium volume or traffic activity produced by Quotesmith.com. Quote availability by state or any other factor is subject to change without notice. Quotesmith.com, insure.com, LTCompare and QuotesmithPro are service marks of Quotesmith.com, Inc. All other names are trademarks of their respective owners. Copyright 2002. All rights reserved. Insure.com, Inc.

 

CONTACT: Amy Danise of insure.com, (860) 233-2800, ext. 19, or adanise@insure.com.

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