...In 2017, we anticipate Oscar to be very competitive through Covered California, so we expect to sell a lot more Oscar health plans.
Santa Rosa, CA (PRWEB) August 25, 2016
Oscar California Sales Leader, Dennis Negron, met with Health for California Insurance Center (HFCIC) on Wednesday morning, August 24, to strengthen the partnership between the companies.
Oscar is an up-and-coming technology-driven health insurance company. Health for California is one of the leading agencies for health insurance sales in the state, especially for sales through the Covered California Health Benefits Exchange.
“We didn’t sell much Oscar health insurance during the 2016 Open Enrollment Period, only 31 plans,” said Health for California Insurance Center CEO, John Hansen. “But in 2017, we anticipate Oscar to be very competitive through Covered California, so we expect to sell a lot more Oscar health plans.”
Negron mentioned at the meeting on Wednesday that so far Oscar Health Care has around 5,000 members in California. In 2017, he said that conservatively they expect to double their enrollment by growing their brand awareness and by increasing sales in the on-exchange market, which was very encouraging for HFCIC.
Partnerships with key agencies like Health for California Insurance Center play a role in helping Oscar reach its goal. Mr. Negron assured the agents at Health for California Insurance Center that Oscar realizes how important brokers are, especially in the California market where brokers and agents make about 50% of health insurance sales in the individual and family market.
New York and California Markets
Negron mentioned Oscar’s achievements in New York, and was optimistic about future success in California. He was especially hopeful about the new San Francisco market, where Oscar will be able to reach tech savvy, affluent young people that have tended to gravitate toward Oscar’s technology-driven model.
Hansen and his team of Covered California licensed agents were very happy to see Oscar making inroads to Northern California.
“After the presentation, my agents wanted to sign up for Oscar themselves,” said Hansen. “Their online tools are especially impressive. The fact that they are withdrawing from the New Jersey and Dallas markets was of some concern; however, the reasons for their departure make sense.”
Oscar was profitable last year in California, and they expect to be profitable in New York in the next year, largely due to the legwork that they have done building their own doctor/medical group network in the New York market.
“The leadership at Oscar is making a lot of smart decisions,” said Hansen. “I foresee that they will become a strong player in the densely populated areas of the California market in the next few years.”
About Health for California Insurance Center
Since 2004, Health for California Insurance Center has ranked as one of the top online individual and group health insurance agencies. The company consists of certified Covered California insurance agents who provide personalized insurance services to individuals and businesses needing assistance with enrollment through the Health Marketplace as well as directly with top carriers that provide health insurance in California.