Hays Insurance Services to Extend Broker Channel With eHealth Internet Platform
Hays to Utilize eHealthInsurance.com Platform for Selling to Small Business, Individual and Family Health Insurance Markets
MOUNTAIN VIEW, CA -- (Marketwire) -- 01/30/09 -- eHealth, Inc. (NASDAQ: EHTH),parent company of eHealthInsurance, and Hays Insurance Services todayannounced an agreement that will enable Hays to sell individual healthinsurance products over the internet using the eHealthInsurance.complatform. Individuals, families and small businesses seeking to purchase health insurancepolicies will be able to go to the Hays web site(http://www.haysehealth.com) and search for plans while utilizing the samefeatures and functionality available to consumers at eHealthInsurance.com.
"Hays Insurance Services is a well-respected broker with a demonstratedcommitment to delivering high-quality, consumer-focused service to theircustomers," said eHealth Executive Vice President of Business and CorporateDevelopment Bruce Telkamp. "This partnership enables Hays to extend thequality and service that their broker professionals provide in-person andon the phone, to their online channel."
"As Hays looked to expand its presence to small business and consumermarkets, partnering with eHealth was a natural fit," said Dave Knoop,Senior Vice President of Hays Companies. "eHealth's commitment toproviding a superior product has made them the clear leader in online salesfor the small group and individual health insurance market and, with ournew web site, we will reach those markets with quality products and asimple online process."
The new web site will provide individual consumers with access to eHealth'sproprietary health insurance shopping technology, allowing them to reviewquotes, compare plans side by side and apply for coverage online. The Haysweb site will make it easy for consumers to find the plan best suited totheir needs, confirm that their preferred physicians are covered, andexpedite the application process with electronic signature and paymentoptions.
About Hays Companies
Founded in 1994 in Minneapolis, Minnesota by James C. Hays and fivesenior-level individuals from major insurance brokerage firms, our companyis a privately held corporation with no outside ownership. This structureallows us to go beyond the ordinary and remain focused on your needs andyour needs alone. Infused with entrepreneurial spirit, Hays' team memberspartner with you to make decisions that add value to your insurance andrisk management programs. The result is superior service at a reasonablecost from talented people you can trust. Hays Companies is one of thefastest growing, privately held insurance brokers in the country. Since ourfounding, we've grown to 450 employees in more than 20 offices across theUnited States. Our expertise is helping clients protect their assets andearnings, manage their risk, and solve their problems with a focus onmeasurable results.
About eHealth, Inc.
eHealth, Inc. (NASDAQ: EHTH) is the parent company of eHealthInsurance, thenation's leading online source of health insurance for individuals,families and small businesses. Through the company's website,http://www.ehealthinsurance.com, consumers can get quotes from leadinghealth insurance carriers, compare plans side by side, and apply for andpurchase health insurance. eHealthInsurance offers thousands of healthplans underwritten by more than 180 of the nation's leading healthinsurance companies. eHealthInsurance is licensed to sell health insurancein all 50 states and the District of Columbia. eHealthInsurance and eHealthare registered trademarks of eHealthInsurance Services, Inc.
This press release contains forward-looking statements as defined withinthe Private Securities Litigation Reform Act of 1995. These includestatements regarding Hays' launch of the platform and the effectiveness ofthe platform. These forward-looking statements are inherently subject tovarious risks and uncertainties that could cause actual results to differmaterially from the statements made, including risks associated with theimplementation of the Hays website, the attractiveness of the website,system failures, malfunctions, bugs or capacity constraints; theperformance, reliability and availability of the platform and underlyingnetwork infrastructure; ecommerce security risks; and insurance carriersystem failure or process breakdown. Other factors that could causeresults to differ are described in eHealth's most recent periodic report asfiled with the Securities and Exchange Commission and available on theinvestor relations page of eHealth's website at www.ehealthinsurance.comand on the Securities and Exchange Commission's website at www.sec.gov.eHealth does not undertake any obligation to update any forward-lookingstatement to conform the statement to actual results or changes inexpectations.
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