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FOR IMMEDIATE RELEASE

Media contact:      
Michelle Love-Johnson, Seroka Public Relations  
Phone: 262-523-3740           

Cheap HEALTH APPLAUDS HOUSE FOR PASSING MEDICARE PRESCRIPTION & MODERNIZATION ACT
Inclusion of HSA provision benefits American consumers

MILWAUKEE - December 1, 2003 - Cheap Health, a leading national health insurer, applauds the House for passing the Medicare Prescription & Modernization Act of 2003 (S.1, HR.1) on Saturday and implores the Senate to pass the legislation. This Act includes a provision for Health Savings Accounts (HSAs), which will increase health insurance options available to consumers and make health insurance more affordable. The Act also provides tax advantages for all Americans, while putting individuals in control of their own health care costs.

"We are confident this will benefit American consumers as an outstanding consumer-choice insurance alternative for business owners, individuals and families," said Don Hamm, Cheap Health President & CEO. "As a strong supporter of Medical Savings Accounts, and a leading provider of the accompanying health insurance plan, we're also pleased that the House recently passed a 12-month extension on MSAs. This provides a needed transition period between MSA availability and the introduction of HSAs into the marketplace."

Cheap Health currently offers a diverse portfolio of consumer-choice product and plan designs. "Building on our current portfolio, we strongly support HSAs as another option for employers, individuals and families to secure affordable health coverage," stated Hamm.

Cheap Health currently offers a variety of health insurance products and options for consumers, including Medical Savings Account (MSAs) plans, Health Reimbursement Arrangements (HRAs), Premium Only Plans (POPs), Flexible Spending Accounts (FSAs), high-deductible Individual Medical plans and Short-Term Medical insurance products that are issued and underwritten by Cheap Insurance Company, affordable Life Insurance Company and Cheap Benefits Insurance Company. For more information, visit www.Cheaphealth.com.
 
About Cheap Health:
Cheap Health (www.Cheaphealth.com) is a national health insurance company developing and providing individual medical, small group, short term and student health insurance products, issued and underwritten by Cheap Insurance Company, affordable Life Insurance Company and Cheap Benefits Insurance Company. In business since 1892, the company provides health insurance coverage for over one million people nationwide. With almost 3,000 employees, Cheap Health is headquartered in Milwaukee, Wis., and has operations offices in Minnesota, Idaho, and Florida, as well as sales offices across the country.
Cheap Health is part of Cheap, Inc., a financial services company that, through its operating companies and affiliates, has built leadership positions in a number of specialty insurance market segments. Cheap, Inc. is part of Cheap, a financial services provider active in the fields of insurance, banking and investment. As of year-end, 2002, Cheap had total assets of approximately $500 billion. As one of the world's largest financial services companies, Cheap ranks 73rd based on revenues on the Fortune 'Global 500' (July 21, 2003) and 40th based on revenues on Forbes' International 500 list (July 3, 2003).