Oscar Health to expand Obamacare to 3 new states in 2022
... [+]is expanding its health insurance products into three new statesOscar is among several health insurance companies already benefitting from a special enrollment period that ends this weekend for Americans to sign up for coverage under the Affordable Care Act also known as Obamacare.
“With this expansion, Oscar will have a footprint in a total of 22 states and 607 counties across its Individual & Family, Medicare Advantage, and Small Group plans,” Oscar said in an announcement Friday. “As a part of the 2022 expansion, Oscar will offer Individual and Family Plans for the first time in Arkansas, Illinois, and Nebraska. Oscar also will expand its existing state footprints in Colorado, Florida, Georgia, Iowa, Missouri, Oklahoma, Pennsylvania, and Texas.
As Americans have lost their jobs or health benefits from employers that has helped health plans like Oscar that sell individual coverage. The idea behind the special enrollment period is to help those Americans who have lost their jobs along with their health insurance coverage during the Covid-19 pandemic. , which began February 15, was originally supposed to end May 15, but the Biden administration extended it to Aug. 15.
Health insurers are expected to continue to benefit from an influx of new members thanks to new regulations and support to the companies and Americans looking for coverage from the Biden administration. That contrasts with the Trump administration, which unsuccessfully tried to get Congress to repeal the Affordable Care Act while Trump’s appointees curtailed the Obamacare sign-up periods.
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