“We haven’t been approved yet,” said Josh Kushner, the company’s co-founder. “But we’re hopeful that we will be, because we believe we meet the bar.”
Oscar is looking to disrupt the industry with its more personal and immediate health insurance model with marketing, product design and customer service practices that are more in tune with the millennial generation. The company offers free telemedicine service, allowing customers to speak to doctors 24 hours a day and seven days a week.
Oscar saw about 15,000 members enroll last year, and they’ve doubled that number to 30,000 in this year with one month of enrollment left to go. They made the headlines for offering free wearables to their customers, along with premiums for healthy behavior patterns.