HLEX Healthextras (MM)

Catalyst Rx, the pharmacy benefit management subsidiary of HealthExtras, Inc. (NASDAQ:HLEX), announced today that it was selected by AvMed Health Plans (AvMed) to provide pharmacy benefit management services. Catalyst Rx successfully implemented AvMed�s 220,000 commercial lives and 20,000 Medicare lives effective July 1, 2008. AvMed provides access to health care coverage for large and small employer groups in Florida, in addition to Medicare in Miami-Dade and Broward counties. �Catalyst Rx�s commitment to provide a fully transparent, pass-through model, a local dedicated account management and clinical team, along with their reputation for exceptional service should prove of value to our clients and their members,� said Shawn F. Barger, Pharm.D., Director of Pharmacy of AvMed. �We believe this new structure aligns AvMed to more effectively manage the pharmacy benefits of our most important asset � our clients and members.� "Clearly, we are pleased to be working with AvMed,� said David T. Blair, Chief Executive Officer of HealthExtras. "Servicing AvMed out of a Center of Excellence in Gainesville, Florida will allow us to work collaboratively to meet the customized needs of AvMed, its clients and their members. Among various initiatives, our new agreement will expand local physician and member education efforts, enhance member education tools and heighten focus on initiatives that drive care- and cost-effective solutions.� About HealthExtras (www.healthextras.com) HealthExtras, Inc. is a full-service pharmacy management company. Its clients include self-insured employers, including state and local governments, third-party administrators, managed care organizations and individuals. The Company's integrated pharmacy benefit management services marketed under the name Catalyst Rx include: claims processing, benefit design consultation, drug utilization review, formulary management, drug data analysis services, and mail service and specialty services. Additionally, the Company operates a national retail pharmacy network with more than 60,000 participating pharmacies. About AvMed Health Plans (www.avmed.org) AvMed Health Plans has been serving Floridians for more than 35 years. AvMed provides access to health care coverage for large and small employer groups around the state, in addition to Medicare in Miami-Dade and Broward counties. AvMed prides itself on providing members and clients highly personalized service with all of the advantages of a nationally competitive health plan. AvMed has offices in Miami, Fort Lauderdale, Orlando, Tampa, Gainesville and Jacksonville. For more information, visit www.avmed.org. This press release may contain forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in HealthExtras' filings with the Securities and Exchange Commission.