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Health Insurance Innovations Files Registration Statement for Proposed Initial Public Offering

TAMPA, Fla., Dec. 20, 2012 (GLOBE NEWSWIRE) -- Health Insurance Innovations, Inc., a leading developer and administrator of affordable, web-based individual health insurance plans and ancillary products, announced that it has publicly filed a registration statement with the U.S. Securities and Exchange Commission ("SEC") relating to the proposed initial public offering of shares of its common stock. Health Insurance Innovations previously submitted a registration statement to the SEC on a confidential basis under the Jumpstart Our Business Startups (JOBS) Act of 2012. The number of shares to be offered and the price range for the offering have not been determined.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated will act as joint book-running managers for the offering. Raymond James Financial Inc. will act as co-manager.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by calling toll-free (800) 221-1037, or by emailing newyork.prospectus@credit-suisse.com; or Citigroup Global Markets Inc. via Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling toll-free (800) 831-9146, or by emailing batprospectusdept@citi.com; or BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, or by emailing dg.prospectus_requests@baml.com.

The Health Insurance Innovations logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15811

CONTACT: Investor Contact: Michael Kosloske, CEO Health Insurance Innovations, Inc. 1-877-376-5831, ext. 225

Source: Health Insurance Innovations