Oscar Health Plans to Expand Despite Changes in Healthcare
It looks like nothing is stopping Oscar Health from trying to expand its reach. Mario Schlosser, CEO and Co-Founder of Oscar Health, announced that Oscar will offer consumer-focused, technology-driven health insurance in nine states and 14 markets in 2019. Because this expansion nearly doubles Oscar’s current footprint in the market, it will give those who need insurance a broader selection. With the broad expansion, how will it affect the insurance market? Which states have Oscar decided to move into? What was the reason for expansion? Today, we will cover all this and more as we look into the Oscar Health expansion plan!
Oscar Health, founded in 2012, delivers on-exchange insurance, providing group health plans for your business and family. On Oscars website https://www.hioscar.com/business/plans/, the company provides multiple plans and tools to help get the best plan for your family and team making it easy to cover everyone for less. Oscar Health’s expansion enters six new markets, as well as three states they have not been in, which are Florida, Arizona, and Michigan. As for the other three markets, Oscar has also expanded in states they already reside – Ohio, Tennessee, and Texas. Additionally, Oscar’s expansion has come with the promises of a significant improvement in guiding members to the right care with the best consumer product in the industry. Oscar promised to work with hospitals and doctors with the most advantages. For instance, they will be working with Spanish speakers more closely, as well as smaller businesses.
What to Expect from Other Carriers
Despite changes in healthcare laws, Oscar’s expansion is a positive outlook on how insurance companies will continue to try and offer the best solutions possible for its consumers. With OEP approaching in November, we can expect more companies to expand in order to give citizens more variety. To learn more about the different options offered by Oscar, visit https://www.hioscar.com/press/oscar-expands-to-six-new-markets. For more information, talk to one of our experienced Product Specialist, like Jeff Hess at Empower Brokerage at 817-410-5816.