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Oscar Health Announces New Health Insurance Options in Iowa in 2025

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Oscar Health (NYSE: OSCR) announces expansion of its health insurance offerings in Iowa for 2025, covering 75 markets starting January 1. The company will provide Bronze, Silver, and Gold EPO plans through the ACA marketplace, featuring $3 medications, dedicated concierge care, and a healthcare app. New offerings include Oscar for Employers and Employees, allowing businesses with under 50 employees to offer benefits through tax-free contributions. The network includes major healthcare providers like Wayne County Hospital, Kossuth Regional Health Center, and MercyOne. Plans will be available in Spanish through Hola Oscar.

Oscar Health (NYSE: OSCR) annuncia l'espansione delle sue offerte di assicurazione sanitaria in Iowa per il 2025, coprendo 75 mercati a partire dal 1 gennaio. L'azienda offrirà piani EPO di Bronzo, Argento e Oro tramite il mercato dell'ACA, con farmaci a 3 dollari, assistenza concierge dedicata e un'app per la salute. Le nuove offerte includono Oscar per Datori di Lavoro e Dipendenti, consentendo alle aziende con meno di 50 dipendenti di offrire benefici attraverso contributi esenti da tasse. La rete include fornitori di servizi sanitari di primo piano come il Wayne County Hospital, il Kossuth Regional Health Center e il MercyOne. I piani saranno disponibili in spagnolo tramite Hola Oscar.

Oscar Health (NYSE: OSCR) anuncia la expansión de sus ofertas de seguros de salud en Iowa para 2025, cubriendo 75 mercados a partir del 1 de enero. La compañía ofrecerá planes EPO de Bronce, Plata y Oro a través del mercado de la ACA, con medicamentos a 3 dólares, atención de conserjería dedicada y una aplicación de salud. Las nuevas ofertas incluyen Oscar para Empleadores y Empleados, permitiendo a las empresas con menos de 50 empleados ofrecer beneficios mediante contribuciones libres de impuestos. La red incluye proveedores de atención médica importantes como Wayne County Hospital, Kossuth Regional Health Center y MercyOne. Los planes estarán disponibles en español a través de Hola Oscar.

오스카 헬스 (NYSE: OSCR)는 2025년 아이오와주에서 건강 보험 상품을 확장한다고 발표하며, 1월 1일부터 75개 시장을 커버할 예정입니다. 이 회사는 ACA 마켓플레이스를 통해 브론즈, 실버 및 골드 EPO 플랜을 제공하며, $3 약품, 전담 컨시어지 케어 및 헬스케어 앱을 특징으로 합니다. 새로운 상품에는 50명 미만의 직원이 있는 기업이 세금 면제 기여를 통해 혜택을 제공할 수 있는 오스카 for Employers and Employees가 포함됩니다. 네트워크에는 웨인 카운티 병원, 코수스 지역 보건 센터, 머시원과 같은 주요 의료 제공자가 포함되어 있습니다. 플랜은 Hola Oscar를 통해 스페인어로 제공될 예정입니다.

Oscar Health (NYSE: OSCR) annonce l'expansion de ses offres d'assurance santé dans l'Iowa pour 2025, couvrant 75 marchés à partir du 1er janvier. La société proposera des plans EPO en Bronze, Argent et Or via le marché de l'ACA, avec des médicaments à 3 dollars, un service de conciergerie dédié et une application de santé. Les nouvelles offres comprennent Oscar pour Employeurs et Employés, permettant aux entreprises de moins de 50 employés d'offrir des avantages grâce à des contributions exonérées d'impôts. Le réseau inclut de grands fournisseurs de soins de santé tels que l'hôpital du comté de Wayne, le centre de santé régional de Kossuth et MercyOne. Les plans seront disponibles en espagnol via Hola Oscar.

Oscar Health (NYSE: OSCR) gibt die Erweiterung seiner Krankenversicherungsangebote in Iowa für 2025 bekannt und deckt ab dem 1. Januar 75 Märkte ab. Das Unternehmen wird Bronze-, Silber- und Gold-EPO-Pläne über den ACA-Marktplatz anbieten, die Medikamente zu 3 Dollar, eine engagierte Concierge-Betreuung und eine Gesundheits-App beinhalten. Neu im Angebot sind Oscar für Arbeitgeber und Arbeitnehmer, die es Unternehmen mit weniger als 50 Mitarbeitern ermöglicht, Leistungen über steuerfreie Beiträge anzubieten. Das Netzwerk umfasst wichtige Gesundheitsdienstleister wie das Wayne County Hospital, das Kossuth Regional Health Center und MercyOne. Die Pläne werden auch auf Spanisch über Hola Oscar verfügbar sein.

Positive
  • Expanding market presence to 75 locations in Iowa
  • Offering affordable $3 medications option
  • High member satisfaction with industry-leading NPS of 87 for Spanish-language service
  • New revenue stream through employer-sponsored plans
Negative
  • None.

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 Iowa 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 75 markets in Iowa starting January 1, 2025.

Oscar has been a proud health plan of choice in Iowa 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.
  • $3 medications3 and even lower cost access for people managing specific conditions.
  • A dedicated concierge care team and healthcare app worth using.

Oscar is also introducing the following new solution for Iowa residents:

  • 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.4

Oscar’s networks include Wayne County Hospital, Kossuth Regional Health Center, Manning Regional Healthcare Center, MercyOne (including MercyOne Genesis), 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 875.

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.

1Oscar Medical coverage is underwritten by Oscar Insurance Company located in New York.
2Net promoter score (NPS) for Oscar members as of 1Q24.
3Except for standard plans.
4Applicable for employers with less than 50 employees, especially those that are new-to-insurance.
5Spanish-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 health insurance options in Iowa?

Oscar Health will launch its new health insurance options in Iowa starting January 1, 2025.

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

Oscar Health will be available in 75 markets across Iowa in 2025.

What types of health insurance plans will Oscar Health (OSCR) offer in Iowa?

Oscar Health will offer Bronze, Silver, and Gold EPO plans through the ACA marketplace.

What is Oscar Health's (OSCR) new employer solution for Iowa residents?

Oscar for Employers and Employees allows businesses with fewer than 50 employees to offer benefits using tax-free contributions for individual health insurance.

Oscar Health, Inc.

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