Oscar and MercyOne collaborate to provide affordable care
Two insurance giants have joined forces to offer a range of affordable plans to residents in 23 countries.
Oscar, a health insurance tech pioneer, will compliment MercyOne's network of healthcare facilities and services by providing “seamlessly connected health insurance” through the ACA marketplace in Sioux City, Waterloo, Dubuque and Des Moines.
Members will have access to premium care by MercyOne providers and will also benefit from savings via Oscar’s Care Teams, Virtual Urgent Care providers and digital tools. Plans will be available following regulatory approval in 2021.
The need for affordable health insurance has escalated drastically with the COVID-19 pandemic. An estimated 10% of Iowans were already without cover, and a further 38,000 have lost their healthcare insurance, along with their employment since March 2020.
MercyOne’s plans cover all essential speciality areas of healthcare, with no referrals required. Patients will be able to access MercyOne Iowa Heart, MercyOne clinics and numerous MercyOne Population Health Services Organization Partnered Providers.
CEO and Co-founder of Oscar, Mario Schlosser, described the union as ground-breaking for the Iowa communities. She said, “We look forward to a lasting relationship with MercyOne and our shared commitment to bringing personalized care to 2021 Oscar members in Iowa.”
The primary aim of the collaboration is to assist people by giving them access to high-quality healthcare and providing them with the opportunity to make savings, said Schlosser, adding, “Oscar’s mission is to deliver a better experience with more savings, and we’re proud to be partnering with MercyOne to give more Iowa residents affordable access to their network of high-quality providers.”
President and CEO of MercyOne, Bob Ritz, explained: “As part of our commitment to improve the access and availability of healthcare services to Iowans and to adopt more contemporary approaches to achieve our goal of providing personalized and radically convenient care to Iowans, we are pleased to be part of this innovative partnership with Oscar to provide even more local health insurance options.”
He added that the suffering caused by the pandemic following massive job losses in Iowa made the collaboration even more essential, saying, “As evidenced in this pandemic, a focus on health and wellness is critical. We believe all should have access to affordable care as part of our commitment to the well-being of people.”
Tribe and APOLLO announce national insurance campaign
Tribe Property Technologies in partnership with APOLLO insurance has announced a national insurance campaign to digitise insurance for condominium owners, renters, landlords, and developers across Canada. The aim of the campaign is to make insurance access easier and faster for owners while improving the coverage and protection of condominiums and rental buildings.
According to several surveys, nearly half of 4.5mn rented houses in Canada do not have tenant insurance protection, meaning those individuals and their families are put at risk of fire and water damage.
What does the national insurance campaign include?
According to Tribe, the company is working with APOLLO to ensure that this type of insurance is easier to access. It aims to achieve this by introducing a direct connection to APOLLO's insurance technology from both Tribe's strata and condo management platform and rental software to allow for increased education and awareness for owners into insurance risks and options.
It also includes the future ability for notifications for mid-term cancellations, and plans to offer protection from potential strata/condo corporation deductibles, Tribe said.
"We are excited to partner with APOLLO to bring accessibility, visibility, and education around insurance options to our communities and reflect the current lifestyle expectations of condo owners and residents while protecting the value of their biggest assets", said Joseph Nakhla, Chief Executive Officer of Tribe.
Nakhla added: “This agreement with APOLLO is just the first step under our Digital Services & Partnerships revenue pillar. We will continue to layer on services to drive revenue for Tribe, and bring convenience and savings for our users, with the goal of being able to offer a one-stop-shop to our development partners and the over 100,000 residents in Tribe-managed communities”.
APOLLO uses technology as a channel between insurance brokers, carriers, and their mutual clients, offering insurance options from multiple companies on one integrated online platform.
"We like that Tribe is taking a fresh approach to condo living and building smart homes through tech-enabled service, and an integration with their Community Platform supports our goals of making insurance more accessible and supporting the needs of communities”, said Jeff McCann, Chief Executive Officer of Apollo.