Alyssa Lane
Oscar is an American health insurance company founded in 2012 by Joshua Kushner, Kevin Nazemi, and Mario Schlosser. The company is headquartered in New York City and offers health insurance plans in various states, including New York, Texas, California, and Florida. Oscar's product offerings include EPO plans, individual and family plans, Medicare Advantage plans, and small group insurance. The company utilizes technology to simplify the health insurance experience, providing an app for consultations with doctors and prescriptions. Oscar also offers incentives for customers to stay healthy, such as cash rewards for meeting fitness goals.
| Characteristics | Values |
|---|---|
| Year of founding | 2012 |
| Founders | Joshua Kushner, Kevin Nazemi, Mario Schlosser |
| Headquarters | New York City |
| Focus | Health insurance industry through telemedicine, healthcare-focused technological interfaces, and transparent claims pricing systems |
| Number of subscribers in 2014 | 16,000 |
| Number of subscribers in 2015 | 40,000 |
| Number of subscribers in 2016 | 135,000 |
| Number of subscribers in 2021 | 1.1 million |
| Types of plans | EPO, HSA-qualified, Platinum, Gold, Silver, Bronze |
| Plan features | Free visits to the doctor, free generic medicine, more than 75 free practical care services, discounted pricing on brand-name medications, cash rewards for meeting fitness goals, $0 copay virtual urgent care, dedicated support and tools for care navigation, easy-to-use app, $3 prescriptions |
| States where plans are sold | New York, Texas, California, Florida, New Jersey, Pennsylvania, Georgia, North Carolina, Virginia, Tennessee, Ohio |
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What You'll Learn
- Oscar Health sells Medicare Advantage plans in New York City and Houston, Texas
- Oscar Insurance Company of Florida offers Bronze, Silver, Gold, and Platinum plans
- Oscar Health raised $1.2 billion in March 2021 after an IPO
- Oscar Health offers EPO plans, HSA-qualified plans, and small group insurance
- Oscar Health's mission is to be a patient-centred health insurance company
Oscar Health sells Medicare Advantage plans in New York City and Houston, Texas
Oscar Health, Inc. is an American health insurance company founded in 2012 by Joshua Kushner, Kevin Nazemi, and Mario Schlosser. The company is headquartered in New York City. In 2016, Oscar had 145,000 members in New York, New Jersey, California, and Texas.
Oscar Health focuses on providing health insurance through telemedicine, healthcare-focused technological interfaces, and transparent claims pricing systems. The company aims to make it easier for patients to navigate the healthcare system and access quality care. Oscar's plans include benefits such as free doctor visits, free generic medicine, and more than 75 free practical care services, such as flu shots and pregnancy screenings. Oscar also offers cost-saving benefits, such as discounted brand-name medications and cash rewards for meeting fitness goals.
In addition to its Medicare Advantage plans, Oscar Health also offers individual and small group market plans in New York. The company has expanded its operations across multiple states, including Arizona, Illinois, Pennsylvania, Georgia, North Carolina, Florida, and Texas. Oscar has raised capital through various funding rounds, with investors including Thrive Capital, General Catalyst Partners, and Fidelity Investments.
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Oscar Insurance Company of Florida offers Bronze, Silver, Gold, and Platinum plans
Oscar is an American health insurance company, founded in 2012 by Joshua Kushner, Kevin Nazemi, and Mario Schlosser. The company is headquartered in New York City. Oscar's plans are currently available in New York, Texas, California, Tennessee, Ohio, New Jersey, and Florida. The company's intention is to provide benefits that are easy to understand and quality care that conserves both time and money.
Oscar Insurance Plans in Florida provide coverage from head to toe, along with benefits to keep you healthy and save you money. You can speak to a board-certified doctor over the phone anytime for free, or talk to Oscar Insurance’s member services team whenever you have questions about your plan. Oscar Insurance in Florida believes that every American deserves access to affordable and high-quality health care that fits their life.
Oscar's plans in Florida include individual, small group, and Medicare Advantage health insurance plans. Oscar's Virtual Urgent Care offerings are not available in US territories or internationally. If you have an HSA-compatible high-deductible health plan or a Secure plan, you won't be eligible for $0 visits.
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Oscar Health raised $1.2 billion in March 2021 after an IPO
Oscar Health Inc. is an American health insurance company, founded in 2012 by Joshua Kushner, Kevin Nazemi, and Mario Schlosser. The company is headquartered in New York City and focuses on the health insurance industry through telemedicine, healthcare-focused technological interfaces, and transparent claims pricing systems.
On March 3, 2021, Oscar Health raised $1.2 billion after its initial public offering (IPO). The company priced its shares at $39 each, giving it a market value of $7.7 billion. This funding round was led by Goldman Sachs, Morgan Stanley, and Allen & Company, with Wells Fargo as the managing bookrunner.
Prior to its IPO, Oscar Health had raised significant capital through multiple funding rounds. By the end of 2019, the company had raised $1.3 billion and was valued at $3.2 billion. In June 2020, Oscar raised an additional $225 million, bringing its total funding to over $1.5 billion.
The IPO came at a time when Oscar Health was experiencing significant growth. In January 2020, the company reported serving 400,000 members and expected to bring in $2 billion in revenue by the end of the year. The COVID-19 pandemic further increased demand for its services, with Oscar Health reporting a 75% year-over-year growth in customers in 2020.
Following the IPO, Joshua Kushner, the co-founder of Oscar Health, maintained a significant stake in the company, holding about 76% of its voting power. The IPO also paved the way for Oscar Health's listing on the New York Stock Exchange (NYSE) under the ticker symbol OSCR.
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Oscar Health offers EPO plans, HSA-qualified plans, and small group insurance
Oscar Health is a healthcare partner that offers EPO plans, HSA-qualified plans, and small group insurance. With Oscar Health, individuals, families, and employers can find affordable health insurance plans that provide high-quality care on their terms.
EPO plans from Oscar Health are available in select markets, including Northern and Central Florida. These plans may have a cost-share associated with visits. On the other hand, HSA-compatible high-deductible health plans offered by Oscar Health are not eligible for $0 visits. Members with these plans can still receive free preventive care, such as flu shots, allergy care, and birth control, and take advantage of low-cost prescriptions.
Oscar Health's small group insurance plans are available in multiple states, including Arizona, Illinois, Pennsylvania, Georgia, North Carolina, Florida, New York, and Texas. These plans provide access to virtual and local providers who accept the insurance and offer affordable prescriptions. Oscar Health's small group insurance plans also include the support of a dedicated Care Team, which helps members find quality care in their area and saves them money.
Oscar Health's insurance plans, including EPO and HSA-qualified plans, are underwritten by the Oscar Insurance Company or its affiliates, depending on the state. For example, plans sold in New York are underwritten by the Oscar Insurance Corporation located in New York, while plans in Florida are underwritten by the Oscar Insurance Company of Florida.
Overall, Oscar Health provides flexibility and convenience by offering a range of insurance plans, including EPO and HSA-qualified options, as well as small group insurance. With their affordable rates, virtual care options, and dedicated support from Care Teams, Oscar Health aims to make high-quality healthcare accessible and tailored to the needs of individuals, families, and employers.
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$0.99
Oscar Health's mission is to be a patient-centred health insurance company
Oscar Health, Inc. is an American health insurance company founded in 2012 by Joshua Kushner, Kevin Nazemi, and Mario Schlosser. Headquartered in New York City, Oscar Health focuses on the health insurance industry through telemedicine, healthcare-focused technological interfaces, and transparent claims pricing systems. The company aims to make it easier for patients to navigate the complex healthcare system and make informed decisions about their health.
To make healthcare more accessible and convenient, Oscar Health introduced its mobile app. The app allows users to fill prescriptions and refills with ease, connecting them to virtual or local providers who accept their plans. Through the app, members can also access $0 Virtual Urgent Care and, in some areas, $0 Oscar Primary Care, enabling them to consult a healthcare provider from the comfort of their homes.
Oscar Health's dedication to being a patient-centred company extends beyond its insurance offerings. The company understands that navigating the healthcare system can be challenging, so they provide a dedicated Concierge team for each member. This personalized team remains consistent, allowing members to build a rapport and receive tailored assistance. The Concierge team helps members understand their plans, find the right doctors, and make informed decisions to save money on care.
Oscar Health's network includes world-class doctors and hospitals, ensuring that members receive quality care. The company's tools enable members to find healthcare providers, book appointments, and manage their health more efficiently. Oscar Health's approach to healthcare is evident in its mission and the services it provides, demonstrating its commitment to putting patients at the heart of its operations.
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Frequently asked questions
Oscar Health, Inc. is an American health insurance company founded in 2012 by Joshua Kushner, Kevin Nazemi and Mario Schlosser. The company focuses on the health insurance industry through telemedicine, healthcare-focused technological interfaces, and transparent claims pricing systems.
Oscar Health offers EPO plans and HSA-qualified plans, with affordable copays for most routine care. They also offer free generic medicine, discounted brand-name medications, and urgent care visits. Oscar Health plans also feature cash rewards for meeting fitness goals.
Oscar Health sells individual health insurance plans in New York, Texas, and California. They also sell Medicare Advantage plans in New York City and Houston, Texas. Oscar Health has also expanded to Tennessee, Ohio, New Jersey, and other states.
