<PAGE> OMB Number 3235-0287
Expires: September 30, 1998
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FORM 4
/ / Check this box if no longer
subject to Section 16. Form 4 or
Form 5 obligations may continue.
See Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
1. Name and Address of Reporting Person*
<< Michael Ashker >>
______________________________________________________________________
(Last) (First) (Middle), (Street), (City) (State) (Zip)
<< 2601 Fair Oaks Blvd., Sacramento, CA 95864 >>
2. Issuer Name and Ticker or Trading Symbol
<< Provident American Corporation (PAMC) >>
3. IRS or Social Security Number of Reporting Person (Voluntary) ________
4. Statement for Month/Year
<< 8-98 >>
5. If Amendment, Date of Original (Month/Year) ___________
6. Relationship of reporting person to issuer
(Check all applicable)
____ Director ____ 10% Owner
XXXX Officer (give ____ Other (specify
title below) below)
<< CEO of HealthAxis.Com Division >>
7. Individual or Joint/Group Filing (Check Applicable line)
XXXX Form filed by one Reporting Person
____ Form filed by More than One Reporting Person
SEC 1474 (7-96)
<PAGE>
FORM 4 (continued) Page 2 of 4 Pages
Table I - Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
1. Title of Security (Instr. 3)
2. Transaction Date (Month/Day/Year)
3. Transaction Code (Instr. 8)
Code V
___ __________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount (A) or (D) Price
_______ ____ _________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4)
__________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
______
7. Nature of Indirect Beneficial Ownership (Inst. 4) __________
___________________________________________________________________________
<PAGE>
FORM 4 (continued) Page 3 of 4 Pages
Table II - Derivative Securities Acquired, Disposed of,
or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
1. Title of Derivative Security (Instr. 3)
<< Options >>
2. Conversion or Exercise Price of Derivative Security
<< $6.62 >>
3. Transaction Date (Month/Day/Year)
<< 8-17-98 >>
4. Transaction Code (Instr. 8)
Code V
<< J (1) ____________ >>
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
<< (A) 50,000 (D) ______________ >>
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
<< 8-17-98 8-17-01 >>
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
Title Amount or Number of Shares
<< Common Stock 50,000 >>
8. Price of Derivative Security (Instr. 5)
<< $N/A >>
<PAGE>
FORM 4 (continued) Page 4 of 4 Pages
9. Number of derivative Securities Beneficially Owned at End of Month
(Instr. 4)
<< 1,167,920 >>
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
<< I >>
11. Nature of Indirect Beneficial Ownership (Inst. 4)
<< As manager of limited liability company >>
Explanation of Responses: /s/ Michael Ashker December 22, 1998
Michael Ashker Date
The reporting person has
only a pro rata interest in
the securities reported and **Signature of Reporting Person
disclaims beneficial ownership
of the securities reported except
to the extent of the reporting
person's pecuniary interest.
(1) J - A limited liability company
of which the reporting person is the
manager, received from the issuer
options to purchase 50,000 shares of
common stock pursuant to a consulting
agreement with the issuer.
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection
of information contained in this form are not required to respond
unless the form displays a currently valid OMB Number. SEC 1474 (7-96)
1015428
