Provides dial-in details for the first quarter
2024 earnings call, to be held on May
7 at 8:30 a.m. Eastern Time
AUSTIN,
Texas, April 18, 2024 /PRNewswire/
-- eHealth, Inc. (Nasdaq: EHTH), a leading private
online health insurance marketplace, today reiterated its
previously issued fiscal year 2024 guidance.
Following the April 4th
release of the final Policy and Technical Changes to the Medicare
Advantage Program for Contract Year 2025, eHealth committed to
providing clarity with respect to the rule and its potential impact
to the company on or prior to its first quarter earnings call.
The company held discussions with several of its carrier
partners and other industry participants. Based on their feedback
and our analysis to date of the broker compensation provisions of
the final rule, the company is reiterating fiscal year 2024
guidance ranges published as part of the company's fourth quarter
and fiscal year 2023 earnings report.
Investors can review eHealth's fiscal year 2024 guidance ranges
by accessing the company's fourth quarter 2023 earnings release
which can be found by following this link:
https://ir.ehealthinsurance.com/static-files/6409144f-1ccf-4c7a-9b09-92c16585efb5
First Quarter Earnings Call
The first quarter 2024 earnings conference call will be held
beginning at 8:30 a.m. Eastern Time on May 7, 2024.
The call will be hosted by eHealth's chief executive
officer, Fran Soistman, and eHealth's chief financial
officer, John Stelben.
Individuals interested in listening to the conference call may
do so by dialing 800-267-6316. The participant passcode
is 6194922.
A live webcast of the earnings call will be available under
"News and Events" on the Investor Relations page of our website
at https://ir.ehealthinsurance.com. The webcast replay will
also be available on our investor relations website two hours
following the conclusion of the call and will be archived for a
period of one year. The company suggests participants for both the
conference call and those listening via the web dial in or sign on
at least 15 minutes in advance of the call.
About eHealth, Inc.
We're Matchmakers. For over 25 years, eHealth has helped
millions of Americans find the healthcare coverage that fits their
needs at a price they can afford. As a leading independent licensed
insurance agency and advisor, eHealth offers access to over 180
health insurers, including national and regional companies.
For more information, visit eHealth.com or follow us
on LinkedIn, Facebook, Instagram,
and X. Open positions can be found on our career
page.
Investor Relations Contact:
Kate Sidorovich, CFA
Senior Vice President, Investor Relations & Strategy
investors@ehealth.com
Forward Looking Statements
This press release contains
statements that are forward-looking statements as defined within
the Private Securities Litigation Reform Act of 1995. These include
statements regarding the potential impact on the company of the
Policy and Technical Changes to Medicare Advantage for Contract
Year 2025, released by CMS on April 4,
2024, and our fiscal year 2024 guidance for total revenue,
GAAP net income (loss), adjusted EBITDA and operating cash
flow.
These forward-looking statements are inherently subject to
various risks and uncertainties that could cause actual results to
differ materially from the statements made. The risks and
uncertainties that could cause our results to differ materially
from those expressed or implied by such forward-looking statements
include, but are not limited to, our ability to retain existing
members and enroll new members during the annual healthcare open
enrollment period, the Medicare annual enrollment period, the
Medicare Advantage annual open enrollment period and other special
enrollment periods; changes in laws, regulations and guidelines,
including in connection with healthcare reform or with respect to
the marketing and sale of Medicare plans, such as the Policy and
Technical Changes to Medicare Advantage for Contract Year 2025,
released by CMS on April 4, 2024;
competition, including competition from government-run health
insurance exchanges and other sources; the seasonality of our
business and the fluctuation of our operating results; our ability
to accurately estimate membership, lifetime value of commissions
and commissions receivable; changes in product offerings among
carriers on our ecommerce platform and changes in our estimated
conversion rate of an approved member to a paying member and the
resulting impact of each on our commission revenue; the
concentration of our revenue with a small number of health
insurance carriers; our ability to execute on our growth strategy
and other business initiatives; changes in our management and key
employees; our ability to hire, train, retain and ensure the
productivity of licensed insurance agents, or benefit advisors, and
other employees; exposure to security risks and our ability to
safeguard the security and privacy of confidential data; our
relationships with health insurance carriers; the success of our
carrier advertising and sponsorship program; our success in
marketing and selling health insurance plans and our unit cost of
acquisition; our ability to effectively manage our operations as
our business evolves and execute on our transformation plan and
other strategic initiatives; the need for health insurance carrier
and regulatory approvals in connection with the marketing of
Medicare-related insurance products; changes in the market for
private health insurance; consumer satisfaction of our service and
actions we take to improve the quality of enrollments; changes in
member conversion rates; changes in commission rates; our ability
to sell qualified health insurance plans to subsidy-eligible
individuals and to enroll subsidy-eligible individuals through
government-run health insurance exchanges; our ability to derive
desired benefits from investments in our business, including
membership growth and retention initiatives; our reliance on
marketing partners; the success and cost of our marketing efforts,
including branding, online advertising, direct-to-consumer mail,
email, social media, telephone, television, radio and other
marketing efforts; timing of receipt and accuracy of commission
reports; payment practices of health insurance carriers; dependence
on our operations in China; the restrictions in our debt
obligations; the restrictions in our investment agreement with our
convertible preferred stock investor; our ability to raise
additional capital; compliance with insurance, privacy,
cybersecurity and other laws and regulations; the outcome of
litigation in which we may from time to time be involved; the
performance, reliability and availability of our information
technology systems, ecommerce platform and underlying network
infrastructure, including any new systems we may implement; public
health crises pandemics, natural disasters, changing climate
conditions and other extreme events; general economic conditions,
including inflation, recession, financial, banking and credit
market disruptions; and our ability to effectively administer our
self-insurance program. Other factors that could cause operating,
financial and other results to differ are described in our most
recent Quarterly Report on Form 10-Q or Annual Report on Form 10-K
filed with the Securities and Exchange Commission and
available on the Investor Relations page of our website
at https://ir.ehealthinsurance.com and on
the Securities and Exchange Commission's website
at www.sec.gov.
All forward-looking statements in this press release are based
on information available to us as of the date hereof, and we do not
assume any obligation to update the forward-looking statements
provided to reflect events that occur or circumstances that exist
after the date on which they were made, except as required by
law.
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SOURCE eHealth, Inc.