eHealth Technology Now Powering Online Medicare Supplement Sales for IHC Health Solutions in 16 States
November 14 2011 - 9:00AM
Marketwired
eHealth, Inc. (NASDAQ: EHTH) announced today that its eHealth
Technology platform will be utilized by The IHC Group (NYSE: IHC)
to power online sales of Medicare Supplement products through its
own e-commerce site for agents in 16 states. This coincides with
IHC's first-ever offering of Medicare Supplement products direct to
consumers. Medicare Supplement insurance is underwritten by Madison
National Life Insurance Company, Inc., and Standard Security Life
Insurance Company of New York. IHC will also be distributing the
new product through eHealth's online Medicare retail sites,
eHealthMedicare.com and PlanPrescriber.com
The launch and distribution of this new product through multiple
channels will give seniors and caregivers the flexibility to shop
for plans either online or through an IHC broker. Online, seniors
will be able to find, compare and apply for a Medicare Supplement
product directly through The IHC Group website as well as
eHealthMedicare.com or PlanPrescriber.com. Separately, IHC's
brokers will be able to provide in-person or telephonic service and
utilize online quoting and comparison tools via eHealth's Broker
Exchange technology tool.
IHC is planning to launch Medicare Supplement plans in the
following states: Georgia, Kansas, Kentucky, Louisiana, Michigan,
Mississippi, North Carolina, New York, Ohio, Oklahoma,
Pennsylvania, South Carolina, South Dakota, Texas, Virginia, and
West Virginia.
"We're pleased to help IHC expand their business into the very
important Medicare market by powering their launch with our online
platform," said eHealth Technology Vice President Bill Hanis. "The
same technology we've used to transform the way individual and
family health insurance products are purchased will serve seniors
in these states to help them select and enroll in a Medicare
Supplement product that best meets their needs and budget."
"While seniors, especially Boomers, may want to start their
Medicare search online, many will want to complete it by working
with an agent -- either in person or over the phone," said Brian
Dow, Senior Vice President of eCommerce and Business Development at
IHC. "Having multiple distribution points -- online and offline --
will be an advantage for IHC as we aggressively enter this market.
And by supporting our brokers with eHealth's Broker Exchange
technology, we give them the advantage of adding online
capabilities to their relationship-based business."
eHealth Technology and its Carrier Exchange and Broker Exchange
platforms provide health insurance companies with cost-effective,
hosted and partially customizable software solutions to power
online sales channels. It streamlines the quoting and application
processes and seamlessly interacts with insurance companies' back
office systems. The eHealth Broker Exchange is a
software-as-a-service (SaaS) online distribution system that lets
customers easily compare and shop for IFP, Dental, Short Term and
Medicare health plans online, while providing some book-of-business
management capabilities for agents. The eHealth Broker Exchange is
sold to Carriers and General Agents to enable their brokers to
market and sell plans online.
For more information about eHealth Technology,
visit: www.ehealthtechnology.com.
About eHealth eHealth, Inc. (NASDAQ: EHTH)
is the parent company of eHealthInsurance, the nation's leading
online source of health insurance for individuals, families and
small businesses. Through the company's website,
www.eHealthInsurance.com, consumers can get quotes from leading
health insurance carriers, compare plans side by side, and apply
for and purchase health insurance. eHealthInsurance offers
thousands of individual, family and small business health plans
underwritten by more than 180 of the nation's leading health
insurance companies. eHealthInsurance is licensed to sell health
insurance in all 50 states and the District of Columbia, making it
the ideal model of a successful, high-functioning health insurance
exchange. Through the company's eHealthTechnology solution
(www.eHealthTechnology.com), eHealth is also a leading provider of
health insurance exchange technology. eHealthTechnology's exchange
platform provides a suite of hosted e-commerce solutions that
enable health plan providers, resellers and government entities to
market and distribute products online. eHealth, Inc. also provides
powerful online and pharmacy-based tools to help seniors navigate
Medicare health insurance options, choose the right plan and enroll
in select plans online through its wholly-owned subsidiary,
PlanPrescriber.com (www.planprescriber.com) and through its
Medicare website www.eHealthMedicare.com.
About The IHC Group
The IHC Group is an organization of insurance carriers, managing
general underwriters, third-party administrators and marketing
affiliates that has been providing health, life, disability,
dental, vision and medical stop-loss insurance solutions to groups
and individuals for nearly 30 years. With over $1.3 billion in
assets, members of The IHC Group include Independence Holding
Company (NYSE: IHC), American Independence Corp. (NASDAQ: AMIC),
Standard Security Life Insurance Company of New York, Madison
National Life Insurance Company, Inc. and Independence American
Insurance Company. Each insurance carrier in The IHC Group has a
financial strength rating of A- (Excellent) from A.M. Best Company,
Inc., a widely recognized rating agency that rates insurance
companies on their relative financial strength and ability to meet
policyholder obligations. Collectively, the companies in The IHC
Group provide insurance coverage to more than one million
individuals and groups. For more information about The IHC Group,
visit www.ihcgroup.com. Madison National Life, Standard Security
Life, and the IHC Group are not connected with or endorsed by the
U.S. Government or the federal Medicare program.
Add to Digg Bookmark with del.icio.us Add to Newsvine
For eHealth, Inc. media inquiries, please contact: Brian
Mast eHealth, Inc. (650) 210-3149 brian.mast@ehealth.com For IHC
media inquiries, please contact: Dave Keller The IHC Group
952-746-6614 dave.keller@ihcgroup.com
American Independence Corp. (NASDAQ:AMIC)
Historical Stock Chart
From Sep 2024 to Oct 2024
American Independence Corp. (NASDAQ:AMIC)
Historical Stock Chart
From Oct 2023 to Oct 2024