Boston and Sunnyvale, Calif., May 14, 2001 – Insurance.com, an affiliate of Fidelity Investmentsa and a leading insurance marketplace, and eHealthInsurance, the leading online provider of health insurance for individuals, families and small businesses, announced today that they have entered into an exclusive private-label partnership. The relationship puts leaders in the online insurance market together to provide consumers with one place to manage all their insurance needs.
Insurance.com provides free quotes for auto, life, home, pet and health insurance. The new arrangement makes eHealthInsurance the exclusive health insurance partner for Insurance.com. Under the agreement, eHealthInsurance will provide access to over 4000 industry-leading health insurance plans. Insurance.com customers and 17 million affiliated Fidelity Investments customers will now be able to compare, select and apply for health insurance online.
“Our goal at Insurance.com is to empower individuals with insurance information and resources that enable them to make the right insurance choice for their needs,” said Insurance.com president Lou Geremia. “Health insurance is a critical part of the insurance mix, and we have selected the leader in providing health insurance for individual and families to be a part of our offering. Through our relationship with eHealthInsurance, we will enable our customers to more easily find and attain affordable health insurance coverage.”
“We are very excited to be working with Insurance.com,” said Gary Lauer, CEO of eHealthInsurance. “Our relationship allows eHealthInsurance to provide Insurance.com site visitors with the trusted benefits of our research, comparison shopping and online applications. This enables these potential customers to focus on choosing the health insurance plan that is right for them. In addition to the best health insurance plans, Insurance.com’s customers can expect outstanding customer care throughout the purchasing process and beyond, as that is a passion we share with Insurance.com.”
The benefits to Insurance.com customers in purchasing health insurance online includes free information about their health insurance options, the ability to compare health insurance plans side-by-side and an online application process with many health insurance companies. Other services now available through Insurance.com as a result of the partnership with eHealthInsurance are comprehensive online physician directories, instant quotes from more than 54 brand-name health insurance companies and pre- and post-sales assistance from the eHealthInsurance Customer Care Center, staffed with qualified health insurance professionals.
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 number one destination for purchasing health insurance online by offering a broad selection of health insurance companies and plans nationwide at competitive 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.
Insurance.com is the objective, online marketplace that informs and empowers consumers to select the most appropriate insurance products for their needs from a variety of companies. The company’s mission is to offer consumers an unbiased, content rich, life event-driven online insurance resource. Formed by Fidelity InvestmentsР’В® in June 1999, Insurance.com Insurance Agency LLC upholds the same values of trust, responsibility, and service upon which Fidelity was founded. Insurance.com offers its resources and products to Fidelity’s 17 million customers as well as the general public. In October 2000, Insurance.com was named by Money Magazine as one of the 50 best financial Web sites. For more information, visit www.Insurance.com.
eHealthInsurance.com is the registered trademark of eHealthInsurance Services, Inc.
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