<PAGE>
Exhibit 99.1
HealthAxis Inc.
FOR IMMEDIATE RELEASE
Investor and Media Contact:
Steven M. Kaplan
HealthAxis Inc.
610-275-3800
[email protected]
HealthAxis Inc. and HealthAxis.com Report Progress On Merger
------------------------------------------------------------
Company Will Provide Update by End of Month
EAST NORRITON, PA, Sept 18, 2000--HealthAxis Inc. (NASDAQ: HAXS) announced today
that it was making substantial progress toward its goal of merging with its
subsidiary, HealthAxis.com, Inc., the proven leader in Web-enabling healthcare
payers.
Michael Ashker, Chief Executive Officer of HealthAxis.com and HealthAxis Inc.
said, "Based on where we stand today, and the ongoing efforts of all of the key
parties, I am optimistic that this merger will happen. Although, no deal can
ever be characterized as complete until all the signatures are in place, I
believe that we can wrap this up in a timely manner. As soon as we do, we are
prepared to file an amended S-4 registration statement with the SEC and, upon
clearing the SEC, pursue shareholder approval of this transaction."
The Company intends to provide a follow-up announcement no later than Friday,
September 29th.
6
<PAGE>
About HealthAxis Inc.
---------------------
HealthAxis.com, Inc., a subsidiary of HealthAxis Inc., is the leading provider
of Internet solutions for healthcare insurance distribution and administration
for the payer community. The Company's proprietary workflow and business
application software, built around an application service provider model,
enables healthcare payers--carriers, third party administrators, and large,
self-funded groups--to more efficiently capture, process, and share health plan
data over the Internet. HealthAxis.com, Inc. is headquartered in suburban
Philadelphia, with significant operations in Dallas, as well as offices in eight
additional locations both domestic and international. The Company employs over
350 IT professionals.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995: Certain statements made which are not historical facts may
be considered forward-looking statements, including, without
limitation, statements as to trends, management's beliefs, expectations
and opinions, which are based upon a number of assumptions concerning
future conditions that ultimately may prove to be inaccurate. Such
forward-looking statements are subject to risks and uncertainties and
may be affected by various factors, which may cause actual results to
differ materially from those in the forward-looking statements. For
further information, which could cause actual results to differ from
the Company's expectations as well as other factors, which could affect
the Company's financial statements, please refer to the Company's
reports filed with the Securities and Exchange Commission.
7
