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. reports developments as a private online health insurance marketplace and independent licensed insurance agency serving U.S. consumers. Company updates commonly cover quarterly results, Medicare plan comparison activity, enrollment-season analysis, and the use of data, artificial intelligence and licensed agents to help consumers compare health insurance options from more than 180 insurers.
News also covers product and service expansion across Medicare, ancillary coverage, individual and family insurance, small business coverage, Individual Coverage Health Reimbursement Arrangements and final expense life insurance. Governance updates, board changes and conference participation round out recurring company disclosures.
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.
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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.
Aloe Care Health has appointed Paul Rooney as Executive Vice President of Business Development, tasked with forging strategic partnerships, especially with Medicare plans. With extensive experience in healthcare and insurtech, Rooney previously worked at eHealth (EHTH), serving millions of Americans. The company's voice-activated system targets safety and communication needs of older adults. As enrollment in Medicare exceeds 62 million, Aloe Care aims to meet rising demands with comprehensive services enhancing care collaboration and reducing costs.
eHealth, Inc. (NASDAQ: EHTH), a prominent online health insurance marketplace, announced its participation in the 29th Annual Credit Suisse Virtual Healthcare Conference on November 11, 2020, at 2:00 p.m. E.T. Interested investors can access the live audio webcast at www.ehealthinsurance.com. A replay will be available for 14 days post-event. Founded in 1997, eHealth has connected over 8 million members with affordable health insurance, including Medicare options, through its marketplace featuring over 180 carriers across the U.S.
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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.