eHealth, Inc. - EHTH STOCK NEWS

eHealth, Inc. (NASDAQ: EHTH) reported Q3 2020 revenue of $94.3 million, a 35% increase year-over-year. Medicare segment revenue rose 23% to $70.4 million, while the Individual, Family, and Small Business segment surged 88% to $23.9 million. Despite these gains, the company incurred a net loss of $14.5 million, up from $11.0 million in Q3 2019. The number of approved Medicare members increased 17% to 59,940, and new paying members rose 21% to 58,818. eHealth reaffirms its full-year 2020 guidance, reflecting confidence in future growth.

eHealth, Inc. (NASDAQ: EHTH) will announce its third quarter 2020 financial results on October 22, 2020. The earnings conference call will be hosted by CEO Scott Flanders and CFO Derek Yung at 5 p.m. Eastern Time.

Interested parties can join by calling (877) 930-8066 for domestic and (253) 336-8042 for international participants. A replay will be available after the call for 7 days.

eHealth operates a major health insurance exchange and aims to connect consumers with affordable health insurance options.

eHealth, Inc. (NASDAQ: EHTH) has announced that Chief Digital Officer, Phillip Morelock, will present a demo of their new Customer Center technology on October 7, 2020, at 4:00 p.m. E.T. This tool supports a broad e-commerce technology release aimed at enhancing consumer experience ahead of the Medicare Annual Enrollment Period. Investors can join the live webcast at ehealthinsurance.com. A replay will be available post-event for 90 days.

eHealth, Inc. (NASDAQ: EHTH) has launched a new Customer Center to enhance consumer engagement ahead of Medicare's Annual Enrollment Period. This secure platform allows users to create personalized profiles with their health care data, facilitating better coverage comparisons and recommendations. The company anticipates a significant increase in online Medicare applications, projecting that 45% to 50% of applications will be submitted online in Q4 2020, up from 36% last year. eHealth aims to continue expanding the Customer Center's functionality to boost member retention.

eHealth, Inc. (NASDAQ: EHTH) has released its Medicare Index Report for 2020, highlighting significant trends in Medicare insurance selections over the last three Annual Enrollment Periods (AEPs). 83% of customers opted for $0 premium Medicare Advantage plans in 2020, up from 73% in 2019 and 63% in 2018. The average monthly premium for these plans decreased to $6, down from $10 in 2019 and $17 in 2018. The report is based on over 280,000 applications submitted during the AEP for 2020 coverage.

eHealth, Inc. (NASDAQ: EHTH) has achieved its internal sales agent hiring goals ahead of the 2021 Medicare Annual Enrollment Period (AEP), with a 120% increase in full-time internal agents compared to last year. The new agent compensation model ties bonuses to enrollment longevity, aiming to enhance customer retention. Moreover, eHealth is implementing updated tools and a lead allocation system to improve agent efficiency. CEO Scott Flanders expressed optimism for a successful enrollment season as the company reduces reliance on external agents, expecting internal agents to comprise 45% of the workforce this AEP.

Robert Hurley, a digital health insurance expert with over 20 years at eHealth, joins Aloe Care Health's Advisory Board immediately. Aloe Care, known for its advanced voice-activated elder care service, aims to align its offerings with Medicare Advantage by 2021. Hurley’s experience, especially as President of Medicare Business at eHealth, is expected to bolster Aloe Care’s partnerships. His innovative approach to healthcare aligns with Aloe Care's mission of delivering modern solutions for elderly care, particularly amid the COVID-19 pandemic.

eHealth, Inc. (NASDAQ: EHTH) has released a report indicating that Medicare beneficiaries can save an average of $782 annually by optimizing their prescription drug plans. The analysis is based on over 111,000 users of eHealth's comparison tool during the 2020 Medicare Annual Enrollment Period. Key findings include potential savings of $982 for MAPD enrollees and $716 for Part D plan enrollees. Furthermore, 92% of users could have benefitted from better plan selection, emphasizing the importance of reviewing coverage every year.