Oscar Health Expands Oscar for Business to Los Angeles

Apr 17, 2018

Published

Apr 17, 2018

The First Consumer-Focused, Technology-Driven Health Insurance Solution Designed Specifically for Small Businesses

Oscar for Business will fill a major gap in the Los Angeles small group market by offering plans that are affordable, seamless, and easy-to-use. Affordable plans include access to high-value in-network doctors, Oscar’s personalized Concierge Team, and free, 24/7 telemedicine. Employers with up to 100 employees can enroll today for plans starting June 1st directly through an accredited broker or https://www.hioscar.com/business/laLos Angeles, April 17, 2018 - Oscar Health, a consumer-focused, technology-driven health insurer known for its industry-leading member engagement, is introducing its small business health insurance product, Oscar for Business, to Southern California. Oscar for Business fills a major gap in the Los Angeles small group market, where business owners have been limited to choosing between plans with restrictive and expensive provider networks that don’t fit the needs of a diverse small business community. The expansion of Oscar for Business into Los Angeles comes as Oscar’s member-focused, easy-to-use, and seamless health care experience has attracted nearly 250,000 members in 2018, including over 45,000 individual members in Los Angeles where it has served the community since 2016. This news is also the first major step in Oscar’s growth strategy after it recently raised $165 million to accelerate expansion efforts. With Oscar, Los Angeles-based businesses now have a more affordable option that delivers the same consumer-focused care that Oscar has become known for. Among the many benefits, all plans include access to free, 24/7 telemedicine, a personalized Concierge service, and access to a strong network of top physicians and hospitals, anchored by UCLA Health, Providence Health, St. Joseph Hoag, and others. Small business owners can start enrolling their teams today for plans starting June 1st. With an intuitive and beautifully-designed consumer app, Oscar is seeing the highest levels of member engagement in the industry and its Los Angeles membership has grown substantially year-over-year. In 2017, Los Angeles individual members were among Oscar’s most engaged members, with 84% of members completing their online profile, more than 50% of members using Oscar’s mobile app, and one-third of members taking advantage of Oscar’s Doctor-on-Call and step-tracking rewards features.Building on this success in Los Angeles, Oscar’s EPO plans (exclusive provider organization) will give employers a more affordable option for their employees that puts them in the driver’s seat as they navigate their health with better, consumer-friendly tools. “With Oscar for Business, we see an opportunity to extend our unique consumer-focused approach to an underserved market of small business employers who are in need of a better solution for their employees’ health needs,” explained Mario Schlosser, CEO and Co-Founder of Oscar Health. “We’re very excited to begin serving a thriving small business community in Los Angeles and meet its demand for simpler, more affordable health insurance.” From their Culver City outpost, Michael Lujan, California Market Director adds, “I’ve been working in the California health insurance space for more than two decades and I can tell you first hand that the California small group market, which we estimate to be more than 1 million lives, is ripe for something new. Oscar is thrilled to offer a new option that will give employees access to better care, while also saving time and money.” Oscar for Business plans are now available for June 1st effective dates in Los Angeles and Orange counties, where Oscar already offers individual plans through Covered California, the state-based marketplace, and off-exchange, both through a network of licensed agents. Employers with up to 100 employees can enroll directly through accredited brokers or https://www.hioscar.com/business/la.