Product Offering Includes Individual, Family and Small Business Health Insurance Plans
Sunnyvale, Calif. and Reston, Va. — April 16, 2001 — eHealthInsurance, the leading online provider of health insurance for individuals, families and small businesses, and Sallie Mae (NYSE:SLM), the nation’s largest provider of funding for education loans, today announced that they have formed a partnership to offer Sallie Mae customers a broad selection of health insurance products. The products — including individual, family and small business health insurance — are available through the Sallie Mae Mall at http://www.salliemae.com/mall/.
“eHealthInsurance is an important addition to the many services we currently offer our customer base,” said Mark Overend, senior vice president of e-commerce and corporate development, Sallie Mae. “Our customers range from young adults making financial decisions independently for the first time, to those who have established families and careers. We believe our partnership with eHealthInsurance will be a highly valuable service for our many customers.”
Through eHealthInsurance, Sallie Mae’s customers will be in a position to save time by being able to receive instant health insurance quotes, compare health insurance plan benefits side-by-side, and apply for and purchase the right health insurance plan online. eHealthInsurance’s dedicated Customer Care Center has licensed insurance professionals available via e-mail and phone and through online chat to help consumers with any questions throughout the decision-making process and beyond.
“Sallie Mae’s customers are technologically savvy, prefer unbiased information and demand services with solid online and offline customer support,” said Gary Lauer, CEO of eHealthInsurance. “The research, comparison shopping and online applications they’ll find at eHealthInsurance will enable them to make informed decisions in selecting the health insurance plan that is right for them. The depth and breadth of eHealthInsurance’s nationwide product choices also can help meet their health insurance needs at any point in their lives.”
About Sallie Mae
Sallie Mae, Inc., a wholly owned subsidiary of USA Education, Inc. (SLM), provides funds for educational loans, primarily federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP). Founded 28 years ago, the company currently owns or manages more than $67 billion in student loans and provides parents, students and educators with comprehensive information on the financial aid process. Through its specialized subsidiaries and divisions, Sallie Mae also provides an array of consumer credit loans, including those for lifelong learning and K-12 education, and business and technical outsourcing services for colleges and universities. More information is available at www.salliemae.com. Sallie Mae is a registered service mark of the Student Loan Marketing Association. USA Education, Inc. and its subsidiaries, other than the Student Loan Marketing Association, are not sponsored by or agencies of the United States.
Founded in 1997, eHealthInsurance (www.ehealthinsurance.com) markets individual, family and small business 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 customer service professionals.
eHealthInsurance is funded by Dell Computer, Goldman Sachs, Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners (formerly Weiss, Peck & Greer Venture Partners), QuestMark Partners, L.P. and The Sprout Group (Credit Suisse First Boston). The management team and board include former or current executives of Aetna, Arthur Andersen, Foundation Health, Healtheon, Hewlett Packard, IBM, MetLife, PacifiCare, Silicon Graphics, United Healthcare, Viewpoint Corporation (formerly MetaCreations) and other leading healthcare and technology companies.
eHealthInsurance.com is a registered trademark of eHealthInsurance Services, Inc.
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