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Oscar Health Announces New Health Insurance Options in Texas in 2025

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Oscar Health (NYSE: OSCR) announced its expansion of health insurance offerings in Texas for 2025, covering 49 counties starting January 1. The company will introduce new affordable health plans through the ACA marketplace, including Bronze, Silver, and Gold EPO and HMO options. Key features include $0 virtual primary and urgent care, $3 medications, and dedicated concierge care teams. New solutions include a Guided Care HMO, employer offerings, multi-condition plans with potential 25% savings, and specialized diabetes care programs. The company is also expanding its Hola Oscar Spanish-language program, which maintains an NPS of 87.

Oscar Health (NYSE: OSCR) ha annunciato l'espansione delle sue offerte di assicurazione sanitaria in Texas per il 2025, coprendo 49 contee a partire dal 1° gennaio. L'azienda presenterà nuovi piani sanitari accessibili attraverso il mercato dell'ACA, inclusi opzioni EPO e HMO Bronze, Silver e Gold. Le caratteristiche principali includono cura primaria e urgente virtuale a $0, farmaci a $3 e team dedicati di assistenza concierge. Le nuove soluzioni comprendono un HMO di Cura Guidata, offerte per datori di lavoro, piani multicondizione con potenziali risparmi del 25% e programmi di assistenza specializzati per il diabete. L'azienda sta anche espandendo il suo programma in lingua spagnola Hola Oscar, che mantiene un NPS di 87.

Oscar Health (NYSE: OSCR) anunció su expansión de ofertas de seguros de salud en Texas para 2025, cubriendo 49 condados a partir del 1 de enero. La empresa introducirá nuevos planes de salud asequibles a través del mercado de la ACA, incluyendo opciones EPO y HMO en categorías Bronce, Plata y Oro. Las características clave incluyen cuidado primario y de urgencia virtual a $0, medicamentos a $3, y equipos de atención personal dedicada. Entre las nuevas soluciones se encuentran un HMO de Cuidado Guiado, ofertas para empleadores, planes para múltiples condiciones con ahorros potenciales del 25% y programas especializados de atención para la diabetes. La empresa también está expandiendo su programa en español Hola Oscar, que mantiene un NPS de 87.

오스카 헬스 (NYSE: OSCR)는 텍사스에서 2025년부터 49개 카운티를 대상으로 건강 보험 제공을 확대한다고 발표했습니다. 1월 1일부터 ACA 마켓플레이스를 통해 저렴한 건강 계획을 새롭게 도입하며, 브론즈, 실버, 골드 EPO 및 HMO 옵션을 포함합니다. 주요 특징으로는 $0 가상 1차 및 응급 치료, $3 약품, 그리고 전담 컨시어지 케어팀이 있습니다. 새로운 솔루션으로는 가이드 케어 HMO, 고용주 제공 옵션, 잠재적인 25% 절약 혜택이 있는 다중 질병 계획, 그리고 전문 당뇨 관리 프로그램이 포함됩니다. 또한, 회사는 NPS 87을 유지하는 스페인어 프로그램인 Hola Oscar를 확장하고 있습니다.

Oscar Health (NYSE: OSCR) a annoncé son extension des offres d'assurance santé au Texas pour 2025, couvrant 49 comtés à partir du 1er janvier. L'entreprise introduira de nouveaux plans de santé abordables via le marché de l'ACA, y compris des options EPO et HMO Bronze, Argent et Or. Les caractéristiques clés comprennent $0 de soins primaires et urgents virtuels, des médicaments à $3, et des équipes de soins concierges dédiées. Les nouvelles solutions incluent un HMO de soins guidés, des offres pour les employeurs, des plans multi-conditions avec des économies potentielles de 25 % et des programmes de soins spécialisés pour le diabète. L'entreprise élargit également son programme en espagnol Hola Oscar, qui maintient un NPS de 87.

Oscar Health (NYSE: OSCR) hat seine Erweiterung der Angebote für Krankenversicherungen in Texas für 2025 angekündigt, die ab dem 1. Januar 49 Bezirke abdecken werden. Das Unternehmen wird neue erschwingliche Gesundheitspläne über den ACA-Marktplatz einführen, einschließlich Bronze-, Silber- und Gold-EPO- sowie HMO-Optionen. Zu den wichtigsten Merkmalen gehören $0 virtuelle Primär- und Notfallversorgung, $3 Medikamente und engagierte Concierge-Pflege-Teams. Neue Lösungen umfassen ein Guided Care HMO, Angebote für Arbeitgeber, Pläne mit mehreren Erkrankungen mit potenziellen Einsparungen von 25 % und spezialisierte Programme zur Diabetesversorgung. Das Unternehmen erweitert auch sein spanischsprachiges Programm Hola Oscar, das eine NPS von 87 aufrechterhält.

Positive
  • Expanding market coverage to 49 counties in Texas
  • $0 virtual primary and urgent care services on most plans
  • Low-cost medication options starting at $3
  • New multi-condition plan offering potential 25% savings
  • High NPS score of 87 for Spanish-language program
Negative
  • None.

Insights

This expansion into 49 Texas counties represents a significant growth opportunity for Oscar Health in one of America's largest insurance markets. The timing aligns with increasing ACA marketplace participation and rising Hispanic population demographics in Texas. The introduction of specialized plans targeting specific conditions and employer-sponsored options shows strategic diversification of revenue streams.

The focus on Hispanic and Latino communities through Hola Oscar, with its 87% NPS score, positions the company well in Texas where this demographic represents a large, underserved market. The $0 cost offerings for virtual care and specific medical services, combined with the tech-first approach, should help capture market share from traditional insurers while potentially improving margins through digital efficiency.

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 Texas 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 49 counties in Texas starting January 1, 2025.

Oscar has been a proud health plan of choice in Texas for more than 9 years and ranks high in member satisfaction. Friends and family are more likely to recommend Oscar than any other health plan.2

“Oscar is empowering Texans to pursue a healthy life on their terms,” said Breck Garrett, Vice President, Texas Market, Oscar Health. “Individuals and families should have the freedom to buy and choose healthcare that embraces cultural differences and fits their health needs. Oscar’s suite of solutions meet people where they are and in the communities they trust. For our many Hispanic and Latino members this means receiving their entire healthcare experience in Spanish with care teams that align with their cultural heritage.”

Individuals can go to healthcare.gov during the 2025 Open Enrollment Period to select from Oscar’s full suite of easy, affordable plans, including:

  • Bronze, Silver, and Gold EPO and HMO plans that work within any budget.
  • $0 virtual primary and urgent care through Oscar Medical Group on most plans.3
  • $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 Texas residents:

  • Guided Care HMO: A tech-first product with lower premiums and out-of-pocket costs. Oscar’s technology connects members to a primary care provider and a network of specialists with urgent and real-time referrals to create exceptional experiences. Benefits include: $0 virtual urgent care; $0 medications; and low-cost labs and integrated virtual-first speciality care.
  • 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.5
  • 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.
  • Diabetes Care: A solution that helps members with diabetes manage their health with low cost-sharing, high-impact clinical services, and testing supplies at no cost. Benefits include: $0 primary and behavioral care, $0 foot and retinal eye exams, $0 labs, and ongoing wellness programs.

Members can access all Oscar plans in Spanish through the Hola Oscar experience, which has an industry-leading NPS of 87.6 Hola Oscar is an immersive, Spanish-language program designed to meet the diverse needs of Hispanic and Latino communities. The program delivers socially and linguistically authentic experiences with primary care providers and Oscar care teams that share a member's cultural heritage.

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 located in New York. HMO products are offered by Oscar Managed Care in Texas. Administrative Services for all plans provided by Oscar Management Corporation.
2 Net promoter score (NPS) for Oscar members as of 1Q24.
3 $0 for virtual primary for EPO plans only. $0 virtual urgent is available across plans.
4 Except for standard plans.
5 Applicable for employers with less than 50 employees, especially those that are new-to-insurance.
6 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

What new health insurance plans is Oscar Health (OSCR) launching in Texas for 2025?

Oscar Health is launching Bronze, Silver, and Gold EPO and HMO plans, along with new solutions including Guided Care HMO, employer offerings, multi-condition plans, and specialized diabetes care programs in 49 Texas counties.

What are the key benefits of Oscar Health's (OSCR) new Texas health plans for 2025?

Key benefits include $0 virtual primary and urgent care through Oscar Medical Group, $3 medications, dedicated concierge care teams, and specialized programs for managing diabetes and multiple conditions with potential 25% savings.

When will Oscar Health's (OSCR) new Texas health insurance plans become available?

The new health insurance plans will become available in Texas starting January 1, 2025, during the 2025 Open Enrollment Period through healthcare.gov.

What is the Hola Oscar program by Oscar Health (OSCR)?

Hola Oscar is a Spanish-language program offering culturally authentic healthcare experiences with primary care providers and care teams that share members' cultural heritage, maintaining an NPS of 87.

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