Welcome!

News Feed Item

eHealth Offers Fixed-Benefit Indemnity Plans for Consumers Who Want Additional Coverage Options Outside of Open Enrollment

MOUNTAIN VIEW, CA -- (Marketwired) -- 06/18/14 -- Today eHealth, Inc. (NASDAQ: EHTH) (www.ehealth.com), which operates eHealthInsurance.com, the nation's first and largest private online health insurance exchange, announced that it is now offering fixed-benefit indemnity medical plans in select states as an additional coverage option for consumers who may otherwise go uninsured.

"Despite the enrollment successes of the Affordable Care Act's 2014 open enrollment period, a lot of consumers today are still uninsured," said Robert Hurley, Senior Vice President of Sales and Operations for eHealth. "If they can't get coverage through an employer and don't experience a qualifying life event allowing them to purchase coverage outside of open enrollment, they may be interested in alternative coverage options. While fixed-benefit indemnity plans do not provide comprehensive coverage, these products can provide consumers with a layer of protection against the costs associated with routine medical care."

An eHealth analysis of fixed-benefit indemnity plans offered through the company's website reports an average monthly premium of $112.98 for fixed-benefit indemnity plans*. The coverage offered through fixed-benefit indemnity health insurance products may be summarized by the following:

  • Fixed-benefit indemnity medical plans provide set benefits, typically in the form of a cash payout, to help cover services such as doctor's visits, urgent care, x-rays, prescription drugs (in some cases), and certain hospital expenses.
  • These products typically do not require policy holders to meet an annual deductible, but will not provide coverage beyond specified caps. Lifetime coverage limits may also apply.
  • Benefits are typically paid directly to the policy holder who may then apply that amount to cover a portion of his or her medical expenses.

According to guidelines issued by the Centers for Medicare and Medicaid Services, fixed-benefit indemnity plans will no longer be available for purchase as a stand-alone product beginning in 2015, which means that consumers will only be able to purchase fixed-benefit indemnity plans to supplement their major medical coverage.

These plans are not available in all states at this time. eHealth is currently offering fixed-benefit indemnity plans in the states of Arizona, Florida, Georgia, Illinois, Michigan, Pennsylvania, Texas and Virginia. Offerings in additional states may be added in the future.

Fixed-benefit indemnity medical plans do not comply with the coverage requirements of the Affordable Care Act (ACA). They do not provide certain benefits which the ACA requires of major medical health insurance plans, and consumers who purchase these products may still be subject to a tax penalty on their 2014 federal tax return. Nonetheless, these products can provide a degree of protection for consumers who may otherwise be uninsured until the next open enrollment period. Fixed-benefit indemnity plans may also be attractive to consumers earning too much to qualify for government subsidies but who feel that they cannot afford major medical health insurance and want some layer of protection.

In order to help consumers compare the different types of supplemental health insurance plans available outside of open enrollment, eHealth has created an infographic that outlines the similarities and differences between fixed-benefit indemnity health insurance plans, short-term health insurance plans and other kinds of insurance products. The infographic is available for download through the eHealth Media Center.

eHealth recommends that consumers interested in fixed-benefit indemnity plans speak with a licensed agent, like those available through eHealthInsurance.com, to learn more about how these may meet their personal coverage needs, and to fully understand their limitations.

Notes

* As reported in eHealth's Supplemental Health Insurance Products Inventory Report, published in June 2014, and based on monthly premiums for a 29-year-old applicant in the following cities: Phoenix, Arizona; Denver, Colorado; Miami and Tampa, Florida; Atlanta, Georgia; Chicago, Illinois; Minneapolis, Minnesota; St Louis, Missouri; Raleigh-Durham, North Carolina; Cleveland, Ohio; Philadelphia and Pittsburgh, Pennsylvania; Nashville, Tennessee; Dallas and Houston, Texas; and Richmond, Virginia.

About eHealth
eHealth, Inc. (NASDAQ: EHTH) operates eHealthInsurance.com, the Nation's first and largest private health insurance exchange where individuals, families and small businesses can compare health insurance products from leading insurers side by side and purchase and enroll in coverage online. eHealthInsurance offers thousands of individual, family and small business health plans underwritten by more than 200 of the nation's leading health insurance companies. eHealthInsurance is licensed to sell health insurance in all 50 states and the District of Columbia. eHealth, Inc. also provides powerful online and pharmacy-based tools to help Medicare beneficiaries navigate Medicare health insurance options, choose the right plan and enroll in select plans online through PlanPrescriber.com (www.planprescriber.com) and eHealthMedicare.com (www.eHealthMedicare.com).

For more health insurance news and information, visit the eHealth consumer blog: Get Smart - Get Covered or visit eHealth's Affordable Care Act Resource Center at www.eHealth.com/affordable-care-act.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2620264

For media inquiries, please contact:

Sande Drew
eHealth, Inc.
(916) 207-7674
[email protected]

Brian Mast
eHealth, Inc.
(650) 210-3149
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
"DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great team at @DevOpsSUMMIT and CloudEXPO tell the world how they can leverage this emerging disruptive trend."
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
You want to start your DevOps journey but where do you begin? Do you say DevOps loudly 5 times while looking in the mirror and it suddenly appears? Do you hire someone? Do you upskill your existing team? Here are some tips to help support your DevOps transformation. Conor Delanbanque has been involved with building & scaling teams in the DevOps space globally. He is the Head of DevOps Practice at MThree Consulting, a global technology consultancy. Conor founded the Future of DevOps Thought Leade...
Everyone wants the rainbow - reduced IT costs, scalability, continuity, flexibility, manageability, and innovation. But in order to get to that collaboration rainbow, you need the cloud! In this presentation, we'll cover three areas: First - the rainbow of benefits from cloud collaboration. There are many different reasons why more and more companies and institutions are moving to the cloud. Benefits include: cost savings (reducing on-prem infrastructure, reducing data center foot print, redu...
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and cloud technologies must be integrated and managed properly. Pythian's Director of Big Data and Data Science, Danil Zburivsky will explore: The main technology components and best practices being deployed to take advantage...
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Today, we have more data to manage than ever. We also have better algorithms that help us access our data faster. Cloud is the driving force behind many of the data warehouse advancements we have enjoyed in recent years. But what are the best practices for storing data in the cloud for machine learning and data science applications?
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.