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Bright HealthCare Announces Plan Options in Houston, Dallas, Austin
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Bright HealthCare has expanded its offerings to Texas, launching plans for individuals and families in Houston, Dallas, and Austin ahead of the November 1 Open Enrollment Period. The company aims to address Texas's high uninsured rate of 20.8% among residents under 65, exacerbated by the pandemic. Its plans feature low or no-cost premiums, deductibles, and primary care visits. Bright HealthCare serves over 663,000 consumers across 14 states and emphasizes technology-driven, consumer-focused healthcare.
Positive
Launch of plans in Texas addressing high uninsured rate (20.8%) among residents under 65.
Offers low or no-cost premiums, deductibles, and primary care visits enhancing affordability.
Serves over 663,000 consumers across multiple states, indicating a solid market presence.
Negative
None.
Expands ACA presence into Texas building on its history of bringing consumers high value healthcare
AUSTIN, Texas--(BUSINESS WIRE)--
Leading up to the annual Open Enrollment Period that starts November 1, Bright HealthCare announced its healthcare plan options for individuals and families living in Houston, Dallas and Austin, TX. This is the first time Bright HealthCare will offer plans in Texas. Plan offerings will include both on- and off-exchange individual and family insurance products.
“We are excited to play a role in helping to meet the strong demand for personalized, affordable and accessible healthcare in Texas. About 20 percent of Texans under 65 lack health insurance coverage, the highest uninsured rate among states, and the COVID-19 pandemic only exacerbated these challenges,”1 said Meredith Duncan, Texas Market President at Bright HealthCare. “Bright HealthCare’s unique model is consumer-focused, built on alignment with our Care Partners, and leverages technology, to make health insurance easier and more affordable for consumers.”
Bright HealthCare’s plans help people access the care they need while keeping healthcare costs low. Plans are designed to improve the healthcare experience through building durable, two-way, trusted relationships between consumers and primary care providers.
Highlights include:
Low or no-cost premiums2
Rewards program
Low or no-cost deductibles
Low or no-cost primary care visits
Bright HealthCare, a Bright Health Group (NYSE: BHG) business, offers health plans that serve consumers across their entire life journey, including individual and family, Medicare Advantage and employer-sponsored plans3. These products are built around Integrated Systems of Care in each market and leverage Bright Health Group’s proprietary DocSquad™ technology which together have consistently produced better outcomes. The 2022 Open Enrollment Period (OEP) begins in Texas on November 1, 2021, and closes January 15, 2022. Coverage purchased by December 15th is effective by January 1, 2022.
Bright HealthCare delivers healthcare benefits to over 663,000 consumers across 14 states and 99 markets through its various lines of business which include Individual and Family, Medicare Advantage, and Employer health plans. Bright HealthCare also participates in a number of specialized plans, including Medicare Advantage Chronic Condition Special Needs Plans which are designed to exclusively serve individuals with severe or disabling chronic conditions. Bright HealthCare leverages its intelligent operating system and proprietary DocSquad™ solutions to produce better outcomes and reduce costs. Bright HealthCare is part of Bright Health Group (NYSE: BHG). For more details about Bright HealthCare plans, visit www.brighthealthcare.com.
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1 In Texas, an estimated 5,169,072 residents lack health insurance coverage – or 20.8% of the under 65 noninstitutionalized population.
2 Total net premium cost to beneficiaries depends on eligibility for Advanced Premium Tax Credits through the Federally Facilitated Marketplace.
3 Availability varies by state and market.
What are Bright HealthCare's new healthcare plans in Texas?
Bright HealthCare's new plans in Texas include options for individuals and families in Houston, Dallas, and Austin, featuring low or no-cost premiums and deductibles.
What is the uninsured rate in Texas that Bright HealthCare aims to address?
Approximately 20.8% of residents under 65 in Texas lack health insurance coverage.
When does the Open Enrollment Period start for Bright HealthCare in Texas?
The Open Enrollment Period starts on November 1.
How does Bright HealthCare enhance the healthcare experience for consumers?
Bright HealthCare focuses on building trusted relationships between consumers and primary care providers, leveraging technology to improve healthcare access.
What metrics highlight Bright HealthCare's market presence?
Bright HealthCare serves over 663,000 consumers across 14 states and offers various health plans, including Individual and Family, Medicare Advantage, and Employer-sponsored plans.
