Alignment Healthcare, Inc. (NASDAQ: ALHC), a tech-enabled Medicare
Advantage (MA) company, announced an agreement with Instacart
(NASDAQ: CART), the leading grocery technology company in North
America, to offer co-branded MA plans in 2024, making nutritious
food more accessible to seniors with chronic illnesses in 13
counties across California and Nevada, pending regulatory
approvals.1 The agreement with Alignment is Instacart’s first with
a Medicare Advantage plan through the company’s Instacart Health
initiative.
According to Alignment’s 2023 Social Threats to Aging Well in
America report, two of the top social barriers impacting senior
health were food insecurity and lack of transportation access,
which makes it difficult to get to a grocery store. In the survey,
more than 1 in 11 seniors say struggling to put healthy food on the
table causes depression and anxiety.
“Our agreement with Instacart brings nutritious food directly to
the doorsteps of our chronically ill members, helping to address
two of the biggest hurdles today’s seniors face,” said Dawn
Maroney, president, markets of Alignment Healthcare, and CEO of
Alignment Health Plan. “Knowing some of our members reside in food
deserts, opening access to nutritious food is even more important.
Instacart Health’s food access and food as medicine programs align
with our strong commitment to addressing the holistic health of our
seniors to drive positive health outcomes.”
In California, three co-branded plans will be offered for
coverage starting Jan. 1, 2024, in Los Angeles, Marin, Orange, San
Diego, San Francisco, Santa Clara and Stanislaus counties.2
Eligible Nevadans in Carson City and Clark, Douglas, Nye, Storey
and Washoe counties can select the Alignment Health Platinum +
Instacart HMO plan.
Members with a qualifying chronic condition who enroll in one of
these plans will have access to:
- $50 to $100 quarterly grocery allowances through Instacart
- A complimentary Instacart+ membership with free delivery on all
orders over $35
- A live customer support line to assist members while setting up
an Instacart account and placing orders
- A curated Alignment Health Virtual Storefront on Instacart
where members can easily shop Alignment Healthcare’s recommended
items
“We recognize seniors face unique challenges, and Instacart
helps overcome barriers to access, including mobility and
transportation, by delivering groceries and over-the-counter goods
directly from the retailers they trust,” said Sarah Mastrorocco,
vice president and general manager, Instacart Health. “Food and
health are deeply personal, and we believe everyone should have the
dignity of choice to shop for nutritious foods and essentials that
meet their unique preferences, needs and budgets. Our work with
Alignment is designed to give chronically ill seniors greater
independence and convenience using the power of Instacart’s
technology and leading consumer Marketplace.”
Instacart partners with more than 1,400 national, regional
and local retail banners to facilitate online shopping, delivery
and pickup services from more than 80,000 stores across the U.S.
and Canada, reaching more than 95% of U.S. households, including
93% of people living in food deserts and nearly 95% of households
enrolled in SNAP. The company launched Instacart Health in
September 2022 to leverage the power of Instacart’s platform,
products and partnerships to increase nutrition security, inspire
healthy choices, and scale food as medicine programs across the
country.
All Alignment Health Plan members have access to the company’s
24/7 ACCESS On-Demand Concierge service, a dedicated concierge team
available 24 hours a day, seven days a week, to answer
health-related questions, schedule medical appointments and arrange
transportation.
The co-branded plans are part of Alignment’s diverse portfolio
of plans that offer a range of benefits and services that all aim
to improve health outcomes and lower costs for seniors.
Medicare-eligible adults will be able to select a plan during the
annual enrollment period, which runs from Oct. 15 through Dec. 7
for plan benefits starting Jan. 1, 2024.
For more information on the company’s product offerings, visit
www.alignmenthealthplan.com.
About Alignment HealthAlignment Health is
championing a new path in senior care that empowers members to age
well and live their most vibrant lives. A consumer brand name of
Alignment Healthcare (NASDAQ: ALHC), Alignment Health is a
tech-enabled Medicare Advantage company that offers more than 40
benefits-rich, value-driven plans that serve 52 counties across six
states. The company partners with nationally recognized and trusted
local providers to deliver coordinated care, powered by its
customized care model, 24/7 concierge care team and purpose-built
technology, AVA®. Based in California, the company’s
mission-focused team makes high-quality, low-cost care a reality
for members every day. As it expands its offerings and grows its
national footprint, Alignment upholds its core values of leading
with a serving heart and putting the senior first. For more
information, visit www.alignmenthealth.com.
About InstacartInstacart, the leading grocery
technology company in North America, works with grocers and
retailers to transform how people shop. The company partners with
more than 1,400 national, regional, and local retail banners to
facilitate online shopping, delivery and pickup services from more
than 80,000 stores across North America on the Instacart
Marketplace. Instacart makes it possible for millions of people to
get the groceries they need from the retailers they love, and for
approximately 600,000 Instacart shoppers to earn by picking,
packing and delivering orders on their own flexible schedule. The
Instacart Platform offers retailers a suite of enterprise-grade
technology products and services to power their e-commerce
experiences, fulfill orders, digitize brick-and-mortar stores,
provide advertising services, and glean insights. With Instacart
Ads, thousands of CPG brands – from category leaders to emerging
brands – partner with the company to connect directly with
consumers online, right at the point of purchase. With Instacart
Health, the company is providing tools to increase nutrition
security, make healthy choices easier for consumers, and expand the
role that food can play in improving health outcomes. For more
information, visit www.instacart.com/company, and to start
shopping, visit www.instacart.com.
Forward-Looking StatementsThis release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995, as amended.
Forward-looking statements are subject to risks and uncertainties
and are based on assumptions that may prove to be inaccurate, which
could cause actual results to differ materially from those expected
or implied by the forward-looking statements. Actual results may
differ materially from the results predicted. Important risks and
uncertainties that could cause our actual results to differ
materially from those indicated in the forward-looking statements
include, among others, the following: our ability to obtain certain
governmental approvals and other risks associated with being a
government contractor; changes in laws and regulations applicable
to our business model; and changes in market or industry conditions
and receptivity to our technology and services. For a detailed
discussion of the risk factors that could affect our actual
results, please refer to the risk factors identified in our Annual
Report on Form 10-K for the year ended December 31, 2022, and the
other periodic reports we file with the SEC. All information
provided in this release and in the attachments is as of the date
hereof, and we undertake no duty to update or revise this
information unless required by law.
Media Contacts
Priya ShahmPR, Inc. for Alignment
Healthalignment@mpublicrelations.com
Dani Pietro Instacart press@instacart.com
Y0141_24412EN_M
1 Centers for Medicare & Medicaid Services Medicare
Advantage/Part D Contract and Enrollment Data, August 2023 MA
State/County Penetration,
https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/MCRAdvPartDEnrolData/MA-State-County-Penetration2
Alignment Health Platinum + Instacart (HMO) 008 will be available
in Los Angeles and Orange counties; Alignment Health Platinum +
Instacart (HMO-POS) 016 will be available in Marin, San Diego and
San Francisco counties; Alignment Health AVA + Instacart (HMO-POS)
026 will be available in Los Angeles, Orange, San Diego, Santa
Clara and Stanislaus counties.
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