eHealthInsurance to Offer Products and Information to Sallie Mae Customers

Product Offering Includes Individual, Family and Small Business

Health Insurance Plans



Apr 16, 2001, 01:00 ET from Sallie Mae

    RESTON, Va., and SUNNYVALE, Calif., April 16 /PRNewswire/ -- Sallie Mae
 (NYSE:   SLM), the nation's largest source of funding and servicing support for
 education loans, and eHealthInsurance, the leading online provider of health
 insurance for individuals, families and small businesses, today announced that
 they have formed a partnership to offer Sallie Mae customers a broad selection
 of health insurance products.  The products -- including individual, family
 and small business health insurance -- are available through the Sallie Mae
 Mall at http://www.salliemae.com/mall/ .
     "eHealthInsurance is an important addition to the many services we
 currently offer our customer base," said Mark Overend, senior vice president
 of e-commerce, Sallie Mae. "Our customers range from young adults making
 financial decisions independently for the first time to those who have
 established families and careers. We believe our partnership with
 eHealthInsurance will be a highly valuable service for our many customers."
     Through eHealthInsurance, Sallie Mae's customers will be in a position to
 save time by being able to receive instant health insurance quotes, compare
 health insurance plan benefits side-by-side, and apply for and purchase the
 right health insurance plan online. eHealthInsurance's dedicated Customer Care
 Center has licensed insurance professionals available via e-mail and phone and
 through an online chat to help consumers with any questions throughout the
 decision-making process and beyond.
     "Sallie Mae's customers are technologically savvy, prefer unbiased
 information and demand services with solid online and offline customer
 support," said Gary Lauer, chief executive officer of eHealthInsurance. "The
 research, comparison shopping and online applications they'll find at
 eHealthInsurance will enable them to make informed decisions in selecting the
 health insurance plan that is right for them. The depth and breadth of
 eHealthInsurance's nationwide product choices also can help meet their health
 insurance needs at any point in their lives."
 
     About Sallie Mae
     Sallie Mae, Inc., a wholly owned subsidiary of USA Education, Inc.
 (NYSE:   SLM), provides funds for educational loans, primarily federally
 guaranteed student loans originated under the Federal Family Education Loan
 Program (FFELP).  Founded 28 years ago, the company currently owns or manages
 more than $67 billion in student loans for more than seven million borrowers
 and provides parents, students and educators with comprehensive information on
 the financial aid process. Through its specialized subsidiaries and divisions,
 Sallie Mae also provides an array of consumer credit loans, including those
 for lifelong learning and K-12 education, and business and technical
 outsourcing services for colleges and universities. More information is
 available at http://www.salliemae.com . Sallie Mae is a registered service
 mark of the Student Loan Marketing Association.  USA Education, Inc. and its
 subsidiaries, other than the Student Loan Marketing Association, are not
 sponsored by or agencies of the United States.
 
     About eHealthInsurance
     Founded in 1997, eHealthInsurance (http://www.eHealthInsurance.com )
 markets individual, family and small business 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 customer service
 professionals.
     eHealthInsurance is funded by Dell Computer, Goldman Sachs, Kleiner
 Perkins Caufield & Byers, Lightspeed Venture Partners (formerly Weiss, Peck &
 Greer Venture Partners), QuestMark Partners, L.P. and The Sprout Group (Credit
 Suisse First Boston).  The management team and board include former or current
 executives of Aetna, Arthur Andersen, Foundation Health, Healtheon, Hewlett
 Packard, IBM, MetLife, PacifiCare, Silicon Graphics, United Healthcare,
 Viewpoint Corp. (formerly MetaCreations) and other leading healthcare and
 technology companies.
     eHealthInsurance.com is a registered trademark of eHealthInsurance
 Services, Inc.
 
 

SOURCE Sallie Mae
    RESTON, Va., and SUNNYVALE, Calif., April 16 /PRNewswire/ -- Sallie Mae
 (NYSE:   SLM), the nation's largest source of funding and servicing support for
 education loans, and eHealthInsurance, the leading online provider of health
 insurance for individuals, families and small businesses, today announced that
 they have formed a partnership to offer Sallie Mae customers a broad selection
 of health insurance products.  The products -- including individual, family
 and small business health insurance -- are available through the Sallie Mae
 Mall at http://www.salliemae.com/mall/ .
     "eHealthInsurance is an important addition to the many services we
 currently offer our customer base," said Mark Overend, senior vice president
 of e-commerce, Sallie Mae. "Our customers range from young adults making
 financial decisions independently for the first time to those who have
 established families and careers. We believe our partnership with
 eHealthInsurance will be a highly valuable service for our many customers."
     Through eHealthInsurance, Sallie Mae's customers will be in a position to
 save time by being able to receive instant health insurance quotes, compare
 health insurance plan benefits side-by-side, and apply for and purchase the
 right health insurance plan online. eHealthInsurance's dedicated Customer Care
 Center has licensed insurance professionals available via e-mail and phone and
 through an online chat to help consumers with any questions throughout the
 decision-making process and beyond.
     "Sallie Mae's customers are technologically savvy, prefer unbiased
 information and demand services with solid online and offline customer
 support," said Gary Lauer, chief executive officer of eHealthInsurance. "The
 research, comparison shopping and online applications they'll find at
 eHealthInsurance will enable them to make informed decisions in selecting the
 health insurance plan that is right for them. The depth and breadth of
 eHealthInsurance's nationwide product choices also can help meet their health
 insurance needs at any point in their lives."
 
     About Sallie Mae
     Sallie Mae, Inc., a wholly owned subsidiary of USA Education, Inc.
 (NYSE:   SLM), provides funds for educational loans, primarily federally
 guaranteed student loans originated under the Federal Family Education Loan
 Program (FFELP).  Founded 28 years ago, the company currently owns or manages
 more than $67 billion in student loans for more than seven million borrowers
 and provides parents, students and educators with comprehensive information on
 the financial aid process. Through its specialized subsidiaries and divisions,
 Sallie Mae also provides an array of consumer credit loans, including those
 for lifelong learning and K-12 education, and business and technical
 outsourcing services for colleges and universities. More information is
 available at http://www.salliemae.com . Sallie Mae is a registered service
 mark of the Student Loan Marketing Association.  USA Education, Inc. and its
 subsidiaries, other than the Student Loan Marketing Association, are not
 sponsored by or agencies of the United States.
 
     About eHealthInsurance
     Founded in 1997, eHealthInsurance (http://www.eHealthInsurance.com )
 markets individual, family and small business 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 customer service
 professionals.
     eHealthInsurance is funded by Dell Computer, Goldman Sachs, Kleiner
 Perkins Caufield & Byers, Lightspeed Venture Partners (formerly Weiss, Peck &
 Greer Venture Partners), QuestMark Partners, L.P. and The Sprout Group (Credit
 Suisse First Boston).  The management team and board include former or current
 executives of Aetna, Arthur Andersen, Foundation Health, Healtheon, Hewlett
 Packard, IBM, MetLife, PacifiCare, Silicon Graphics, United Healthcare,
 Viewpoint Corp. (formerly MetaCreations) and other leading healthcare and
 technology companies.
     eHealthInsurance.com is a registered trademark of eHealthInsurance
 Services, Inc.
 
 SOURCE  Sallie Mae