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Cinergy Health Expands Staff in Face of Dramatic Growth
Date:6/11/2009

Florida-Based Health Insurer Hires 200th Employee

Momentum Builds for Company's Unique Low-Cost Coverage As U.S. Families Grapple with Health Care Insurance Crisis

AVENTURA, Fla., June 11 /PRNewswire/ -- Cinergy Health, a nationwide provider of health insurance benefit programs for the consumer market, today announced the hiring of the company's 200th employee.

"Cinergy Health is a company with a clear mission -- to serve those in America not served or, worse, ill-served by health insurance companies," said Daniel Touizer, Cinergy Health's chairman and chief executive officer. "While seeing that all our performance measures have been exceeded is gratifying, the strongly positive response from consumers is more satisfying. People across this country have come to understand and embrace our unique offer which, in turn, has prompted us to hire, staff and serve our valued clients. We now provide benefits to nearly 50,000 Americans and expect that number to continue to grow."

The company's health insurance program serves the approximately 47 million people in the United States unable to afford health insurance or who cannot qualify for coverage as a result of their health conditions. Interestingly, the fastest growing segment of the uninsured comes from mid-to-upper income households as the cost of health insurance premiums escalates to intolerable levels. The U.S. Census Bureau reports households with annual incomes of $50,000 or more represent nearly 40 percent of the uninsured. In addition, there are the young and healthy, a group of more than 18 million individuals aged 18 to 34 who have no coverage.

"Cinergy Health's approach is to provide -- direct to the consumer -- affordable, flexible health insurance programs that fit people's lives and lifestyles, regardless of income or medical circumstance," added Touizer. "We are very much the right company with the right type of products being offered at the right time and our growth reflects that."

About Cinergy Health

CINERGY HEALTH, Inc., with headquarters in Aventura, Florida, is a nationwide provider of innovative and affordable health insurance solutions designed to meet the changing needs of American families. Recognizing the financial challenges for people who cannot afford or qualify for costly major medical insurance plans, Cinergy Health designs and delivers lower cost alternative health plans that facilitate access to quality healthcare services and enable people to maintain better health.

Cinergy Health Preferred Insurance Plans are limited medical benefit plans, which provide first dollar coverage for the predictable medical care people need most frequently. These insurance plans provide coverage starting with a member's very first doctor's visit without a deductible so that s/he doesn't put off important medical care. From doctor visits and diagnostics to maternity and surgery, Cinergy provides essential coverage that's easily within most people's budgets. Further, plan members can choose doctors and hospitals of their choice without being confined to a list.

    Contact: Ronn Torossian, 212-999-5585, ronn@5wpr.com, 5W Public Relations for Cinergy Health


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SOURCE Cinergy Health
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