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The Principal Financial Group® Fights Rising Health Care Costs for Northern Nevada Customers

June 8, 2009 (Des Moines, Iowa) — The Principal® joins forces with Renown Health to bring lower costs and greater health care access to customers in Northern Nevada. With the new exclusive agreement, customers receive broad health insurance network coverage including the skill, expertise and technology available within the Renown Health network.

“Today’s economy makes it difficult for business owners to balance health insurance costs with other business needs. To provide some relief, we work hard to identify the best value in each local market which means access to high-quality care at a reasonable price,” said David McNichols, vice president of insured health for the Principal Financial Group®. “We’re excited to work with Renown Health to give our customers in Northern Nevada a better way to control health care costs and expand access to state-of-the art facilities.”

Access to Renown Health’s extensive services is available through the Hometown Health network. In addition to potentially significant savings, the network provides:

  • Numerous health care facilities, including a designated level II trauma center.
  • Network physicians ranging from internists to virtually any type of specialist.
  • Renown Medical Group and Urgent Care with 15 locations throughout the area.
  • Programs and specialties ranging from cancer care to vascular health to women’s services.

“We are excited about this new partnership, and we welcome Principal members to our network,” said Allan Hanssen, vice president of Strategic Initiatives, Renown Health.

About Renown Health

We are Renown Health. A private, not-for-profit health network that includes Renown Regional Medical Center, Renown South Meadows Medical Center, Renown Rehabilitation Hospital, and Carson Valley Medical Center in Gardnerville, a partnership with Barton HealthCare System. With a heritage since 1862, we are proud to serve the community and make a genuine difference for the many lives we touch. Our name reflects the expert care provided by our physicians and staff, and we admire and appreciate their service to our patients. We look to a future with renewed vision, drive and passion. We are Renown Health.

About the Principal Financial Group

The Principal Financial Group® (The Principal®)[1] is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $247.0 billion in assets under management[2] and serves some 19.1 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.


Insurance products and services issued by Principal Life Insurance Company

[1]
"The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
[2]
As of March 31, 2009
Questions?

Call 515.246.4907 or see the full Media Relations contact list.

Call 515.246.4907 or see the full Media Relations contact list.

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