EHealth To Provide Square's Clients With Insurance Solutions

eHealth, Inc. ( (NASDAQ:EHTH) ) has announced to offer a range of health insurance solutions to Square (NYSE:SQ). Small business customers and employees of Square will stand to benefit from the collaboration.

Square’s point of sale service offers tools to track digital payments and receipts as well as preparing inventory reports and accepting credit cards. With this association, more than two million small businesses now have access to the co-branded e-Health website. This has not only provided a brand-name to the small businesses but also equip them with various individual and family health insurance options.

Consumers can now get quotes from leading health insurance carriers, compare the various insurance plans. They will be able to receive customized help and advice from the e-health professionals free of cost. eHealth’s ecommerce technology also enables them to deliver consumers’ health insurance applications electronically to health insurance carriers.

eHealth has also extended its offering to small group health insurance with certain insurance companies, which would enable health insurance applications to be approved within a day’s time.

A quality health insurance plan is always beneficial whether it is for the employees or for the clients. This seems to be quite an attractive move on the part of both the companies as eHealth’s insurance policies would be gaining popularity which might drive its future revenues whereas, on the other hand Square would be able to draw sufficient clients to its portfolio.

Zacks Rank and Share Price Movement

Currently, eHealth, Inc carries a Zacks Rank #5 (Strong Sell). Shares of eHealth have returned 71.64% year to date, significantly outperforming the industry's gain of 3.94%.We expect ehealth’s higher revenues and growth in commissions to drive the upside in the near future.

Stocks to Consider

Some better-ranked stocks from the insurance industry include First American Corporation (NYSE:FAF) , Markel Corporation (NYSE:MKL) and Mercury General Corporation (NYSE:MCY) . Each of these stocks holds a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

First American Corporation along with its subsidiaries provides property and casualty insurance to homeowners and renters in the United Kingdom, Canada, Australia and South Korea. The company delivered positive surprises in each of the last four quarters, with an average beat of 12.64%.

Markel Corporation underwrites and sells reinsurance and insurance products, to small and medium-sized firms in the United Kingdom. The company delivered a positive surprise in two of the last four quarters, with an average beat of 21.06%.

Mercury General Corporation provides personal automobile insurance services in the Unites States. The company delivered positive surprises in three of the last four quarters, with an average beat of 1.06%.

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