Welcome to our dedicated page for eHealth news (Ticker: EHTH), a resource for investors and traders seeking the latest updates and insights on eHealth stock.
eHealth, Inc. (NASDAQ: EHTH) operates the nation’s first and largest private health insurance exchange, eHealthInsurance.com. Through this platform, individuals, families, and small businesses can compare and purchase health insurance products from over 200 leading insurance companies. The company is licensed to sell health insurance in all 50 states and the District of Columbia.
eHealth, Inc. generates revenue from two primary segments: Medicare and Employer and Individual. The Medicare segment, which is the largest revenue driver, provides online tools and resources to help Medicare beneficiaries navigate their health insurance options and enroll in plans through PlanPrescriber.com and eHealthMedicare.com. The Employer and Individual segment offers a wide array of health plans for individuals and small businesses.
Recently, eHealth has announced several significant initiatives and achievements:
- Financial Results: The company reported its Q4 2023 and fiscal year-end financial results, emphasizing robust performance and strategic growth.
- Advisor in the Room: An innovative pilot program that enhances customer-advisor interactions through real-time, digital consultations.
- Public Policy Advisory Committee: The addition of Jaime Herrera Beutler to its advisory committee, bringing valuable insights from her experience in public policy.
- ePerks Rewards Program: Launch of a rewards program aimed at enhancing customer loyalty and engagement by offering a variety of benefits to members.
eHealth is consistently working on technological advancements to improve its service offerings. With a strong focus on customer engagement and satisfaction, the company aims to simplify the process of selecting and enrolling in health insurance plans. The firm also emphasizes its commitment to regulatory compliance and effective risk management.
For more information and to stay updated on the latest news, visit the eHealth Investor Relations page or follow eHealth on LinkedIn, Facebook, Instagram, and X (Twitter).
eHealth, Inc. (NASDAQ: EHTH) reported its financial results for Q4 and FY 2020, highlighting a 3% decrease in Q4 revenue to $293.3 million. Net income fell by 33% to $59.9 million, with a 36% drop in income from operations. Despite these declines, there were gains in other revenue by 99% and significant increases in new Medicare Advantage members. The company anticipates improvements in 2021, buoyed by enhanced operational strategies and increased agent productivity.
eHealth, Inc. (NASDAQ: EHTH) announced it will release its fourth quarter and fiscal year 2020 financial results on February 18, 2021. CEO Scott Flanders and CFO Derek Yung will host a conference call at 5 p.m. Eastern Time to discuss the results. Interested parties can join the call by dialing (877) 930-8066 for domestic and (253) 336-8042 for international callers. A replay of the call will be available for seven days following its conclusion. eHealth operates a leading health insurance marketplace, connecting over 8 million members with various health insurance plans.
eHealth, Inc. (NASDAQ: EHTH) announced a $225 million investment from H.I.G. Capital through the purchase of convertible preferred stock. This investment aims to enhance eHealth's financial position, facilitating organic growth and strategic initiatives such as online enrollment and telesales expansion. H.I.G.'s Managing Director, Aaron Tolson, will join eHealth's Board of Directors. The transaction is expected to close in Q1 2021, pending regulatory approvals. Upon completion, H.I.G. will own approximately 8% of eHealth's common stock on an as-converted basis.
eHealth, Inc. (NASDAQ: EHTH) reported preliminary, unaudited financial results for Q4 and the fiscal year ending December 31, 2020. The company highlighted key metrics that reflect its performance amid a competitive online health insurance market. While specifics on revenue and earnings per share (EPS) will be finalized post-review, the report indicates a positive trajectory for the company. These insights are crucial for understanding eHealth's growth and market position as it navigates the evolving healthcare landscape.
eHealth (NASDAQ: EHTH) announced its support for a proposal to re-open enrollment under the Affordable Care Act (ACA) aimed at assisting Americans affected by COVID-19. CEO Scott Flanders praised the Biden Administration's efforts to ensure access to health coverage and emphasized eHealth's readiness to help consumers navigate their options. The company, a longstanding advocate of the ACA, also encourages expanded subsidies and Medicare eligibility for those over 60. eHealth connects over 8 million members with affordable health insurance through its marketplace.
eHealth, Inc. (NASDAQ: EHTH) announced its support for the Biden-Harris Administration's Emergency Relief Package, which aims to enhance public-private partnerships in combating the pandemic and improve the Affordable Care Act (ACA). The package seeks to cap health insurance costs for eligible Americans at no more than 8.5% of their annual income. CEO Scott Flanders highlighted the importance of increasing ACA subsidies for those just above the cutoff for relief. Furthermore, eHealth noted a significant rise in consumers utilizing Enhanced Direct Enrollment, which doubled year-over-year to 1,130,000.
eHealth, Inc. (NASDAQ: EHTH) has released a snapshot report detailing consumer costs and trends during the ACA open enrollment period for 2021. The report highlights a 6% rise in average monthly premiums for individual plans (from $456 to $484) and an 8% increase for family premiums (from $1,134 to $1,230). Notably, 39% of unsubsidized customers selected Silver plans, surpassing Bronze plans for the first time. Additionally, 37% chose EPO plans, indicating rising preferences amid the pandemic, with 48% of younger respondents re-evaluating coverage options due to COVID-19.
eHealth, Inc. (NASDAQ: EHTH) announced its participation in the Third Annual Evercore ISI HealthCONx Conference on December 2, 2020, at 2:40 p.m. E.T. Investors can access the live audio webcast via www.ehealthinsurance.com. A replay will be available for 14 days post-event. eHealth, Inc. operates a leading online health insurance marketplace, connecting over 8 million members with affordable health insurance and Medicare options since 1997.
On November 18, 2020, eHealth, Inc. (NASDAQ: EHTH) released a snapshot report on Medicare enrollment trends amid the ongoing Annual Enrollment Period (AEP) from October 15 to December 7, 2020. The report highlights that 75% of Medicare beneficiaries review their plan options annually, with out-of-pocket costs being the primary consideration for 29% of respondents. Average premiums remain stable, with Medicare Advantage plans averaging $5 and Part D plans at $20. Additionally, $0 premium Medicare Advantage plans gained popularity, comprising 86% of selections, up from 83% the previous year.
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