BenefitPoint, Inc. Forms Strategic Partnership with eHealthInsurance.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--May 9, 2001 BenefitPoint, Inc., the leading eInfrastructure company for the distribution and management of employee benefits, today announced that it has formed a partnership with eHealthInsurance, the leading online health insurance destination, to offer its 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 See Web application. 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 grosz n. pl. gro·szy See Table at currency. [Polish, from Czech gro , 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 align (  līn),v to move the teeth into their proper positions to conform to the line of occlusion. with BenefitPoint, the industry's leading provider of employee benefits eInfrastructure," said Gary Lauer, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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." About eHealthInsurance 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 The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , Kleiner Perkins Caufield & Byers, The Sprout Group (Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. ), Lightspeed Venture Partners (formerly Weiss, Peck peck: see English units of measurement. & 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 (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , 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 (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business 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 Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the 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 130 of the leading U.S.-based brokerage and consulting firms Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . The company, headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Calif., can be reached at 415/277-5600 or at www.benefitpoint.com. BenefitPoint, Inc. is privately held. Note to Editors: 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. |
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