STOCK TITAN

Oscar Health Announces New Health Insurance Options in Florida in 2025

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Oscar Health (NYSE: OSCR) announced its expansion of health insurance offerings in Florida for 2025, covering 30 markets starting January 1. The company will introduce affordable health plans through the ACA marketplace, including Bronze, Silver, and Gold EPO plans with features like $0 virtual primary care and $3 medications. New solutions include Buena Salud, a Spanish-first healthcare solution, and a multi-condition plan offering significant savings for managing diabetes, pulmonary, and cardiovascular diseases. The network includes major healthcare providers like AdventHealth, Memorial Healthcare System, and Baptist Health. Oscar's plans will be available through healthcare.gov, with options for both individuals and small businesses.

Oscar Health (NYSE: OSCR) ha annunciato l'espansione delle sue offerte di assicurazione sanitaria in Florida per il 2025, coprendo 30 mercati a partire dal 1 gennaio. L'azienda introdurrà piani sanitari accessibili attraverso il mercato ACA, tra cui piani EPO Bronzo, Argento e Oro con caratteristiche come assistenza primaria virtuale a $0 e medicinali a $3. Le nuove soluzioni includono Buena Salud, una soluzione sanitaria con priorità per lo spagnolo, e un piano multi-condizione che offre risparmi significativi per la gestione del diabete, delle malattie polmonari e cardiovascolari. La rete include importanti fornitori di assistenza sanitaria come AdventHealth, Memorial Healthcare System e Baptist Health. I piani di Oscar saranno disponibili attraverso healthcare.gov, con opzioni sia per individui che per piccole imprese.

Oscar Health (NYSE: OSCR) anunció su expansión de ofertas de seguro de salud en Florida para 2025, cubriendo 30 mercados a partir del 1 de enero. La compañía introducirá planes de salud asequibles a través del mercado de la ACA, incluidos planes EPO Bronce, Plata y Oro con características como cuidado primario virtual a $0 y medicamentos a $3. Las nuevas soluciones incluyen Buena Salud, una solución de atención médica en español, y un plan de múltiples condiciones que ofrece ahorros significativos para el manejo de la diabetes, enfermedades pulmonares y cardiovasculares. La red incluye importantes proveedores de atención médica como AdventHealth, Memorial Healthcare System y Baptist Health. Los planes de Oscar estarán disponibles a través de healthcare.gov, con opciones para individuos y pequeñas empresas.

오스카 헬스 (NYSE: OSCR)는 2025년 플로리다에서 건강 보험 제공을 확장한다고 발표하며, 1월 1일부터 30개 시장을 커버할 예정입니다. 회사는 ACA 마켓플레이스를 통해 브론즈, 실버, 골드 EPO 플랜과 같은 저렴한 건강 계획을 도입하여 $0 가상 1차 진료$3 약물과 같은 특징을 포함할 것입니다. 새로운 솔루션에는 스페인어를 우선시하는 의료 솔루션인 Buena Salud와 당뇨병, 호흡기 질환, 심혈관 질환 관리에 유의미한 절감을 제공하는 다기능 계획이 포함됩니다. 네트워크에는 AdventHealth, Memorial Healthcare System, Baptist Health와 같은 주요 의료 제공자가 포함됩니다. 오스카의 플랜은 healthcare.gov를 통해 제공되며, 개인 및 소기업을 위한 옵션이 있습니다.

Oscar Health (NYSE: OSCR) a annoncé son expansion des offres d'assurance santé en Floride pour 2025, couvrant 30 marchés à partir du 1er janvier. L'entreprise introduira des plans de santé abordables via le marché de l'ACA, y compris des plans EPO Bronze, Argent et Or avec des caractéristiques telles que des soins primaires virtuels à 0 $ et des médicaments à 3 $. Les nouvelles solutions incluent Buena Salud, une solution de santé priorisant l'espagnol, et un plan multi-conditions offrant des économies significatives pour la gestion du diabète, des maladies pulmonaires et cardiovasculaires. Le réseau comprend des prestataires de soins de santé majeurs tels que AdventHealth, Memorial Healthcare System et Baptist Health. Les plans d'Oscar seront disponibles via healthcare.gov, avec des options pour les particuliers et les petites entreprises.

Oscar Health (NYSE: OSCR) hat seine Erweiterung der Angebote für Krankenversicherungen in Florida für 2025 angekündigt, wobei ab dem 1. Januar 30 Märkte abgedeckt werden. Das Unternehmen wird erschwingliche Krankenversicherungspläne über den ACA-Marktplatz einführen, darunter Bronze-, Silber- und Gold-EPO-Pläne mit Merkmalen wie $0 virtuellem Hausarzt und $3 Medikamenten. Neue Lösungen umfassen Buena Salud, eine spanischsprachige Gesundheitslösung, sowie einen Multikrankheitsplan, der erhebliche Einsparungen bei der Behandlung von Diabetes, Atemwegserkrankungen und Herz-Kreislauf-Erkrankungen bietet. Das Netzwerk umfasst bedeutende Gesundheitsdienstleister wie AdventHealth, Memorial Healthcare System und Baptist Health. Die Pläne von Oscar sind über healthcare.gov erhältlich, mit Optionen sowohl für Einzelpersonen als auch für kleine Unternehmen.

Positive
  • Expanding coverage to 30 markets in Florida
  • Offering cost-effective solutions with $0 virtual care and $3 medications
  • Introducing specialized plans for multi-condition management with potential 25% savings
  • High member satisfaction with industry-leading NPS of 87
Negative
  • None.

Insights

This expansion announcement represents a significant strategic move for Oscar Health in Florida, targeting a substantial market opportunity in the state's healthcare sector. The introduction of specialized plans like Buena Salud shows smart demographic targeting, particularly considering Florida's large Hispanic population. The multi-condition plan addressing diabetes, pulmonary and cardiovascular diseases could capture a valuable market segment, potentially leading to higher-margin business.

The partnership with major healthcare networks like AdventHealth and Baptist Health strengthens Oscar's competitive position. The employer-focused offering through stretchdollar.com opens a new revenue stream in the small business segment. However, the 2025 implementation timeline means revenue impact won't be realized until next year.

NEW YORK--(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 Florida 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 30 markets in Florida starting January 1, 2025.

Oscar has been a proud health plan of choice in Florida for more than six years and ranks high in member satisfaction2. Friends and family are more likely to recommend Oscar than any other health plan.

Individuals can go to healthcare.gov to select from Oscar’s full suite of easy, affordable plans, including:

  • Bronze, Silver, and Gold EPO plans that work within any budget.
  • $0 virtual primary3 and urgent care through Oscar Medical Group on most plans.
  • $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 Florida residents:

  • Buena Salud5: A Spanish-first solution connecting Hispanic and Latino members with an Oscar care team, primary care provider, and healthcare community that share their cultural heritage.
  • 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.6
  • 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.

Oscar’s networks include AdventHealth, Memorial Healthcare System, Holy Cross Hospital., Orlando Health Network, Las Madrinas, Baptist Health, Jackson Memorial Hospital, University of Miami Hospital, Imc Health Medical Centers, Westchester General Hospital, Inc., and regional and independent facilities. Members can access all Oscar plans in Spanish through the Hola Oscar experience, which has an industry-leading NPS of 877.

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 of Florida. Administrative Services for all plans provided by Oscar Management Corporation.
2 Net promoter score (NPS) for Oscar members as of 1Q24.
3 $0 virtual primary care is only available in South Florida.
4 Except for standard plans and is not available on all off exchange plans.
5 Only available off exchange.
6 Applicable for employers with less than 50 employees, especially those that are new-to-insurance.
7 Spanish-speaking net promoter score (NPS) for Oscar members as of 1Q24.

Media Contact:

Kristen Prestano

VP, Communications

press@hioscar.com

Source: Oscar Health, Inc.

FAQ

When will Oscar Health (OSCR) launch its new Florida health insurance plans?

Oscar Health will launch its new health insurance plans in Florida starting January 1, 2025.

How many Florida markets will Oscar Health (OSCR) cover in 2025?

Oscar Health will cover 30 markets in Florida starting in 2025.

What are the key features of Oscar Health's (OSCR) new multi-condition plan in Florida?

The multi-condition plan includes $0 specialist visits (cardiologist, pulmonologist, endocrinologist), $0 screenings and labs, $0 primary and behavioral care, $0 medications, with potential savings of 25% or more.

What is Oscar Health's (OSCR) Buena Salud program in Florida?

Buena Salud is a Spanish-first healthcare solution that connects Hispanic and Latino members with Oscar care teams, primary care providers, and healthcare communities that share their cultural heritage.

Oscar Health, Inc.

NYSE:OSCR

OSCR Rankings

OSCR Latest News

OSCR Stock Data

4.53B
195.53M
3.01%
87.47%
6.72%
Healthcare Plans
Hospital & Medical Service Plans
Link
United States of America
NEW YORK