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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

The author is paid for product endorsements and has an ownership or other financial interest in the businesses related to the topics covered.

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Fortis health savings account insurance

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email

Q: I want to switch my health savings account insurance from Fortis to another carrier because the rates have gone up by more than 40% in two years. What other options are available?

A: Fortis companies now known as John Alden Insurance, Time Insurance and Assurant Health have come under fire for the practice of "tier-rating" based on diagnosis. This means, for example, that if you saw a therapist and were diagnosed with depression, then you might be placed in the highest risk category at rate renewal time. Your rate increase can be much larger than an average policyholder. The high quality options coverage are all expensive, but you can get away from the tiered rating problem and probably improve the overall quality of service by switching to Celtic Insurance. Rates and online application are available at This is a top-quality insurance plan with great service and plenty of options to customize coverage to your liking.


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