Alyssa Lane
Oscar Health, Inc. is a health insurance company that offers individual and family health insurance plans in the United States. Founded in 2012, Oscar aims to make healthcare more accessible and affordable for Americans by combining telemedicine, healthcare technology interfaces, and transparent claims pricing systems. The company provides a range of benefits to its members, including 24/7 access to providers, free care team services, and incentives for maintaining healthy habits. Oscar has expanded its reach over the years and currently serves approximately 1.6 million members across multiple states.
| Characteristics | Values |
|---|---|
| Type of Insurance | Health Insurance |
| Company Name | Oscar Health, Inc. |
| Year Founded | 2012 |
| Founders | Joshua Kushner, Kevin Nazemi, and Mario Schlosser |
| Headquarters | New York City |
| No. of Members | 1.1 million (as of March 3, 2021) |
| No. of States Covered | 20 |
| Services | 24/7 access to providers, free doctor-on-call services, free care team services, no referral requirement for in-network specialists, cash incentives for healthy habits |
| Plans | Individual, Family, Medicare Advantage, Small Group Insurance |
| Availability | Arizona, California, Connecticut, Florida, Georgia, Iowa, Illinois, Kansas, Michigan, Missouri, North Carolina, Nebraska, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, and Virginia |
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What You'll Learn
Oscar Health Inc. is a 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 aims to make healthcare accessible and affordable for all. The company focuses on the health insurance industry through telemedicine, healthcare-focused technological interfaces, and transparent claims pricing systems, making it easier for patients to navigate.
Oscar Health offers individual and family health insurance plans in select counties across 18 to 20 states, including Arizona, California, Florida, Georgia, Iowa, Illinois, Kansas, Michigan, Missouri, North Carolina, Nebraska, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, and Virginia. The company has over 1 million members and provides benefits such as 24/7 access to providers, free doctor-on-call services, free care team services, and no referral requirements to see specialists within their network.
Oscar Health's approach to customer service is reflected in its user-friendly and personalized offerings. The company provides a wealth of benefits to its clients, including cash incentives for healthy behaviors and assistance with choosing an insurance plan. Oscar's members can also fill prescriptions and refills through the Oscar app and have them delivered to their door.
Oscar Health has raised significant capital through funding rounds, with investors including Thrive Capital, General Catalyst Partners, Khosla Ventures, CapitalG, and Fidelity Investments. The company went public on the NYSE in 2021 and has since reported impressive membership milestones, serving approximately 1.6 million members across the US through its tech-driven experience.
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It offers individual and family health insurance plans
Oscar Health, Inc. is a health insurance company founded in 2012 by Joshua Kushner, Kevin Nazemi, and Mario Schlosser. Headquartered in New York City, the company focuses on the health insurance industry through telemedicine, healthcare-focused technological interfaces, and transparent claims pricing systems.
Oscar offers individual and family health insurance plans in 18 states, including Arizona, California, Connecticut, Florida, Georgia, Iowa, Illinois, Kansas, Michigan, Missouri, North Carolina, Nebraska, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, and Virginia. These plans are available directly or through health insurance marketplaces. The company's individual market strategy has proven successful, with Oscar surpassing 1 million members in 2022.
Oscar's individual and family health insurance plans provide access to a range of benefits, such as 24/7 virtual care services, dedicated Care Teams, and cash incentives for healthy behaviours. The company also offers Medicare Advantage plans in New York City and Houston, Texas.
Oscar's mission is to make healthcare accessible and affordable for all. Through its differentiated full-stack technology platform, Oscar has built a suite of services that enable the company to earn member trust, leverage personalized data, and help members find quality, affordable care. Oscar's approach to customer service sets it apart, positioning the company as a healthcare partner rather than just an insurance provider.
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Oscar Health provides Medicare Advantage plans
Oscar Health, Inc. is an American health insurance company founded in 2012. 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.
In addition to its Medicare Advantage plans, Oscar Health also offers individual health insurance plans, both directly and through health insurance marketplaces. As of 2020, these plans were available in New York, Texas, and California. Oscar Health has also partnered with other companies to expand its reach, such as its partnership with Cleveland Clinic to offer individual health insurance plans in Northeastern Ohio.
Oscar Health's mission is to create a simpler and more affordable health insurance experience for people across the United States. The company offers affordable plans with high-quality care and provides easy access to care teams, providers, and prescription drugs through its app. Oscar Health also offers virtual urgent care and, in some areas, $0 Oscar Primary Care.
Overall, Oscar Health provides Medicare Advantage plans with a focus on member engagement and technology, offering a variety of benefits and options to meet the needs of its clients.
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It offers small group insurance plans
Oscar Health Inc. is a US-based health insurance company that was 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 select states across the country.
Oscar Health's mission is to make affordable, high-quality healthcare accessible to all. The company aims to behave like a "doctor in the family," providing personalized and user-friendly services to its members. Oscar Health has raised significant capital through funding rounds and has expanded its reach over the years.
In addition to individual and family health insurance plans, Oscar offers small group insurance plans. This line of business was launched in 2017 when Oscar announced its partnership with Humana to sell small group insurance in the Nashville metro area to companies with up to 50 employees. This marked the company's entrance into the small group insurance market, providing tailored coverage options for small businesses and their employees.
Oscar's small group insurance plans offer similar benefits to their individual plans, including access to free doctor-on-call services, care team services, 24/7 provider access, and no referral requirements to see specialists within their network. The company's focus on small businesses allows them to provide customized solutions that meet the unique needs of smaller organizations, ensuring that employees have access to quality healthcare at affordable prices.
Oscar's small group insurance plans are designed to be flexible and adaptable, recognizing that the needs of small businesses can vary. By partnering with Humana and expanding their offerings, Oscar demonstrates its commitment to making healthcare more accessible and affordable for a wider range of individuals and organizations across the United States.
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Oscar Health is available in select US states
Oscar Health, Inc. is an American health insurance company founded in 2012 and headquartered in New York City. The company focuses on the health insurance industry through telemedicine, healthcare-focused technological interfaces, and transparent claims pricing systems, which make it easier for patients to navigate.
Oscar Health offers individual health insurance plans, both directly and through health insurance marketplaces, in select US states. As of June 2020, Oscar Health sold plans in New York, Texas, and California. The company also sells Medicare Advantage plans in New York City and Houston, Texas.
In 2017, Oscar Health announced its intention to expand to additional markets in 2018, including Tennessee, Ohio, Texas, New Jersey, and California. The company has since exited the New Jersey marketplace, citing uncertainties in the market that would challenge its ability to operate effectively and deliver quality healthcare.
Oscar Health's plans are available in various states, with some specific exclusions. For example, Oscar Primary Care is available in Texas, New York, Florida, Arizona, Georgia, and Oklahoma, with certain plan exclusions within these states.
Oscar Health's website allows users to search for prescription drugs in their prescription formulary by state, making it easy for members to find relevant information for their specific location.
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Frequently asked questions
Oscar is an American health insurance company, founded in 2012. The company focuses on the health insurance industry through telemedicine, healthcare-focused technological interfaces, and transparent claims pricing systems.
Oscar offers individual and family health insurance plans in 18 states, including New York, Texas, California, and Florida. These plans offer access to free doctor-on-call services, free care team services, 24/7 access to a provider, and no referral requirement to see specialists.
Oscar provides a personalized experience for those seeking affordable healthcare. It offers incentives to its customers to stay healthy, including cash rewards of up to $100 per year for keeping up with their daily step count. Oscar also offers tailored services and a concierge care team to help members find the medical care and services they need.
