eHealth Inc. a number one private health that is online market in the USA, today announced initial, unaudited financial results and select running metrics for the fourth quarter and fiscal year finished December 31, 2020.
The initial, unaudited financial outcomes and selected operating metrics one of them news release are based on information available as of January 29, 2021 and management’s initial summary of operations for the quarter that is 4th year finished December 31, 2020.
They remain susceptible to alter based on management’s ongoing summary of the business’s fourth-quarter and 12 months that is full and generally are forward-looking statements. eHealth assumes no responsibility to update these statements.
The results that are real be materially different and are suffering from the chance facets and uncertainties identified in this news release and in eHealth’s annual and quarterly filings aided by the Securities and Exchange Commission.
The amount of authorized members for Medicare Advantage services and products grew 30% throughout the quarter that is fourth of compared to the fourth quarter of 2019. For the season that is complete, the number of authorized users for Medicare Advantage products grew 39%. eHealth Inc. a number one private health that is online market.
The amount of approved users for major individual that is medical family plan (“IFP”) products declined 2% through the 4th quarter of 2020 compared to the fourth quarter of 2019. For the season that is full, the amount of approved members for IFP services and products grew 4% when compared with 2019.
43% of fourth quarter 2020 applications for Medicare major items( that is medical) were submitted by eHealth’s clients on line, which includes unassisted and partially agent-assisted online enrollments. For the season that is complete, 37% of eHealth’s applications for Medicare major medical products were submitted online. This even compares to 36% and 27% of Medicare major item that is medical that were submitted online within the 4th quarter and full year 2019, correspondingly.