Sunyyvale, Calif. — May 9, 2001 — eHealthInsurance, the leading online health insurance destination, today announced that it has formed a partnership with BenefitPoint, Inc., the leading eInfrastructure company for the distribution and management of employee benefits, to offer BenefitPoint broker/consultant partners an online vehicle for delivering individual and small group health insurance to potential customers. Under the agreement, eHealthInsurance will develop a co-branded website and act as broker-of-record for BenefitPoint broker/consultants who wish to refer individual and small group customers to eHealthInsurance.
eHealthInsurance is an online retail broker offering purchasing information, decision support tools, and online applications for major medical insurance from multiple insurers. The company primarily serves individuals and small groups (2-50 employees), and has partnered with brokers from across the country to help them better serve their customers. This partnership will enable the potential customers of BenefitPoint broker/consultants to search for small group and individual health insurance quotes, complete web-based applications online and, where available, purchase health insurance policies online.
“We see eHealthInsurance as a trusted online source for individual and small group coverage,” said Kurt de Grosz, co-founder and chief strategy officer of BenefitPoint. “This partnership creates a new opportunity for our broker/consultant customers to deliver a proven solution to that segment of the market they are not currently supporting.”
“We are excited to align with BenefitPoint, the industry’s leading provider of employee benefits eInfrastructure,” said Gary Lauer, CEO of eHealthInsurance. “We look forward to working with the impressive number of brokers and consultants now connected with the BenefitPoint platform. Our partnership will allow us to provide quality health insurance options to even more consumers, along with our excellent customer care, to help them through the process of finding and purchasing the right health insurance.”
Founded in 1997, eHealthInsurance (www.ehealthinsurance.com) markets individual, family and small group health insurance and was responsible for the nation’s first Internet-based sale of a health insurance policy. The company has become the No. 1 destination for purchasing health insurance online by offering the broadest selection of health insurance companies and plans nationwide at the best available prices, and delivering unparalleled customer service through qualified agents.
eHealthInsurance is funded by Dell Computer, Goldman Sachs, Kleiner Perkins Caufield & Byers, The Sprout Group (Credit Suisse First Boston), Lightspeed Venture Partners (formerly Weiss, Peck & Greer Venture Partners) and QuestMark Partners, L.P.
The management team and board include former or current executives of Healtheon, PacifiCare, Foundation Health, Aetna, United Healthcare, IBM, MetaCreations, Silicon Graphics, MetLife and other leading healthcare and technology companies.
About BenefitPoint, Inc.
BenefitPoint, Inc. delivers the leading Internet-based employee benefits infrastructure for the distribution and management of group insurance and financial products. As the central nervous system for the employee benefits industry, BenefitPoint provides a complete set of B2B services enabling benefits professionals to manage the entire group health insurance and benefits lifecycle. Building on the existing industry relationships among carriers, brokers, employers, and employees, the BenefitPoint solution combines the efficiency of the Internet with the established distribution model of the insurance industry to eliminate paper (saving everyone time and money), to make it possible to deliver more products and services (giving everyone more choices), and to make better information available (enabling everyone to make better decisions).
Releasing its first solution in February 2000, BenefitPoint has already received widespread industry adoption from regional and national insurance carriers as well as from more than 120 of the leading U.S.-based brokerage and consulting firms. The company, headquartered in San Francisco, CA, can be reached at 415.277.5600 or at www.benefitpoint.com. BenefitPoint, Inc. is privately held.
eHealthInsurance.com is a registered trademark of eHealthInsurance Services, Inc.
BenefitPoint is a trademark of BenefitPoint, Inc. All other company and product names
mentioned here are trademarks of their respective owners.
For More Information:
Brian W. Bair