Oscar Health, Inc. Provides Earnings Guidance for the Full Year 2021
August 12, 2021 at 04:30 pm EDT
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Oscar Health, Inc. provided earnings guidance for the full year 2021. For the year, the company expected Direct and Assumed Policy Premiums to range between $3,200,000,000 to $3,300,000,000.
Oscar Health, Inc. is a health insurance company, which has built a full stack technology platform focused on serving its members. It offers individual and family, and small group plans, and +Oscar, its full stack technology platform, to others within the provider and payor space. Its individual market primarily consists of policies purchased by individuals and families through health insurance marketplaces. The small group market consists of employees of companies with up to 50 full-time workers in various states and up to 100 full-time workers in select states. It offers health plans in the individual market on exchange and off-exchange under the five metal plan categories, such as catastrophic, bronze, silver, gold, and platinum. These plans differ based on the size of the monthly premium and the level of sharing of medical costs between Oscar and its members. Oscar brings insurance products to the market to meet various healthcare needs of consumers.