Oscar Health Announces New Health Insurance Options in Texas in 2025
30 Ottobre 2024 - 3:15PM
Business Wire
Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), a leading healthcare
technology company, today announced it will bring the Oscar
experience to more individuals, families, and businesses through
the ACA marketplace in Texas in 2025. Oscar is introducing
affordable health insurance products1 that empower everyone to
pursue a healthy life on their terms with:
- Services built around personal health needs and cultural
preferences.
- High-quality networks that align with their schedules,
neighborhoods, and more.
- Technology solutions to help members make informed choices
about their health.
The Oscar experience will be available in 49 counties in Texas
starting January 1, 2025.
Oscar has been a proud health plan of choice in Texas for more
than 9 years and ranks high in member satisfaction. Friends and
family are more likely to recommend Oscar than any other health
plan.2
“Oscar is empowering Texans to pursue a healthy life on their
terms,” said Breck Garrett, Vice President, Texas Market, Oscar
Health. “Individuals and families should have the freedom to buy
and choose healthcare that embraces cultural differences and fits
their health needs. Oscar’s suite of solutions meet people where
they are and in the communities they trust. For our many Hispanic
and Latino members this means receiving their entire healthcare
experience in Spanish with care teams that align with their
cultural heritage.”
Individuals can go to healthcare.gov during the 2025 Open
Enrollment Period to select from Oscar’s full suite of easy,
affordable plans, including:
- Bronze, Silver, and Gold EPO and HMO plans that work within any
budget.
- $0 virtual primary and urgent care through Oscar Medical Group
on most plans.3
- $3 medications4 and even lower cost access for people managing
specific conditions.
- A dedicated concierge care team and healthcare app worth
using.
Oscar is also introducing new solutions for Texas residents:
- Guided Care HMO: A tech-first product with lower premiums and
out-of-pocket costs. Oscar’s technology connects members to a
primary care provider and a network of specialists with urgent and
real-time referrals to create exceptional experiences. Benefits
include: $0 virtual urgent care; $0 medications; and low-cost labs
and integrated virtual-first speciality care.
- Oscar for Employers and Employees: An offering that gives
employees access to Oscar’s plans using tax-free contributions from
their employer to buy individual health insurance. Businesses with
fewer than 50 employees can instantly offer these benefits through
stretchdollar.com/oscar.5
- Multi-condition plan: A plan that helps members manage
diabetes, pulmonary, and cardiovascular disease together, which can
save 25% or more. Benefits include: $0 cardiologist, pulmonologist,
endocrinologist visits; $0 screenings and labs; $0 primary and
behavioral care; $0 medications.
- Diabetes Care: A solution that helps members with diabetes
manage their health with low cost-sharing, high-impact clinical
services, and testing supplies at no cost. Benefits include: $0
primary and behavioral care, $0 foot and retinal eye exams, $0
labs, and ongoing wellness programs.
Members can access all Oscar plans in Spanish through the Hola
Oscar experience, which has an industry-leading NPS of 87.6 Hola
Oscar is an immersive, Spanish-language program designed to meet
the diverse needs of Hispanic and Latino communities. The program
delivers socially and linguistically authentic experiences with
primary care providers and Oscar care teams that share a member's
cultural heritage.
About Oscar Health
Oscar Health, Inc. (“Oscar”) is a leading healthcare technology
company built around a full stack technology platform and a
relentless focus on serving our members. We have been challenging
the status quo in the healthcare system since our founding in 2012,
and are dedicated to making a healthier life accessible and
affordable for all. Oscar offers Individual & Family plans and
health technology solutions that power the healthcare industry
through +Oscar. Our technology drives superior experiences, deep
engagement, and high-value clinical care, earning us the trust of
approximately 1.6 million members, as of June 30, 2024.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical fact
contained herein are forward-looking statements. These statements
include, but are not limited to, statements about our business
prospects, and our management’s plans and objectives for future
operations, expectations and business strategy. In some cases, you
can identify forward-looking statements by terms such as “may,”
“will,” “should,” “expects,” “plans,” “anticipates,” “could,”
“intends,” “targets,” “projects,” “contemplates,” “believes,”
“estimates,” “predicts,” “potential,” or “continue” or the negative
of these terms or other similar expressions. Accordingly, we
caution you that any such forward-looking statements are not
guarantees of future performance and are subject to risks,
assumptions, and uncertainties that are difficult to predict and
generally beyond our control. Although management believes that the
expectations reflected in these forward-looking statements are
reasonable as of the date made, there are or will be important
factors that could cause our actual results to differ materially
from those indicated in these forward-looking statements,
including, but not limited to, the factors set forth under the
caption “Risk Factors” in our Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2024, filed with the Securities and
Exchange Commission (“SEC”), and our other filings with the SEC.
You are cautioned not to place undue reliance on any
forward-looking statements made in this press release. Any
forward-looking statement speaks only as of the date as of which it
is made, and, except as otherwise required by law, we do not
undertake any obligation to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments or otherwise. New factors emerge from time to
time, and it is not possible for us to predict which will
arise.
_________________________ 1 Oscar Medical coverage is
underwritten by Oscar Insurance Company located in New York. HMO
products are offered by Oscar Managed Care in Texas. Administrative
Services for all plans provided by Oscar Management Corporation. 2
Net promoter score (NPS) for Oscar members as of 1Q24. 3 $0 for
virtual primary for EPO plans only. $0 virtual urgent is available
across plans. 4 Except for standard plans. 5 Applicable for
employers with less than 50 employees, especially those that are
new-to-insurance. 6 Spanish-speaking net promoter score (NPS) for
Oscar members as of 1Q24.
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version on businesswire.com: https://www.businesswire.com/news/home/20241030698395/en/
Media Contact: Kristen Prestano VP, Communications
press@hioscar.com
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