Oscar Insurance: An Overview of its History, Services, and Offerings

Oscar Insurance Corporation, commonly known as Oscar, is a health insurance provider that uses a tech-driven approach to simplify healthcare. Founded in 2012, Oscar has been aiming to change the way people navigate, interact, and pay for their healthcare needs. With the use of technology, Oscar provides hassle-free health insurance services to its members, making it a preferred option for many individuals, families, and small businesses across the United States.

A Brief History of Oscar Insurance

Oscar Insurance was founded in 2012 by three entrepreneurs: Joshua Kushner, Kevin Nazemi, and Mario Schlosser. The trio wanted to create a health insurance company that would help people simplify their healthcare experiences. They believed that by using technology, they could solve the problems and complexities of traditional health insurance.

At the time of its inception, Oscar Insurance was financed by a $40 million investment from a range of private equity firms, well-known investors, and business leaders such as Goldman Sachs, Google Ventures, and Thrive Capital.

Since its creation, Oscar has been growing rapidly, and as of 2021, it has expanded its coverage to over 29 states across the United States, serving more than 500,000 members. It has also made a name for itself as a customer-centric health insurance company, providing personalized plans and exemplary customer service.

Services Offered by Oscar Insurance

Oscar offers a range of health insurance services to its members, which include individual and family health plans, Medicare Advantage plans, and small business health plans. Oscar also provides access to virtual primary care, mental health care, and prescription drugs through its mobile app.

One of Oscar’s unique offerings is its Concierge team, a dedicated team of registered nurses, who assist members with their health concerns around the clock. Oscar also offers free telemedicine consultations, which enable members to access healthcare providers from the comfort of their homes.

Benefits of Oscar Health Insurance

Oscar’s tech-focused approach to healthcare offers many benefits to its members, which include:

Frequently Asked Questions about Oscar Insurance

1. Is Oscar Insurance available in all states?

No, Oscar is currently available in 29 states across the United States. To find out if Oscar Insurance is available in your state, visit the Oscar website and use the ‘Find a Plan’ tool.

2. Who is eligible for Oscar Insurance?

Oscar offers coverage to individuals, families, and small businesses. To be eligible for Oscar health insurance, you must be a US citizen or a legal resident with a valid visa and be currently residing in a state where Oscar operates.

3. Can I use my Oscar health insurance outside of my home state?

Yes, Oscar offers nationwide coverage for emergency care. However, non-emergency services and prescription drugs may not be covered outside of your home state.

4. How do I enroll in Oscar health insurance?

You can enroll in Oscar health insurance through its website, by calling Oscar’s customer service, or through a licensed insurance agent. During the enrollment process, you will be asked a series of questions to help determine your eligibility and to create a personalized plan that meets your healthcare needs.

5. How much does Oscar Health Insurance cost?

The cost of Oscar health insurance varies based on factors such as your age, location, and coverage needs. You can use the ‘Find a Plan’ tool on the Oscar website to get an estimate of the cost of your plan and the available subsidies.

Conclusion

Oscar Insurance has been transforming healthcare by providing an intuitive, user-friendly experience to its members. With its tech-driven approach, Oscar has become a popular choice for individuals, families, and small businesses looking for personalized, accessible, and affordable health insurance services. With its mission to simplify healthcare, Oscar is set to continue to innovate and reshape the health insurance industry in the years to come.