Business
Fla. Medicare Advantage plan in receivership
NEWS IN BRIEF — Posted Oct. 20, 2008
The 16,000 members of MD Medicare Choice, a Tampa, Fla.-based Medicare Advantage plan placed into receivership in September, will be able to choose a new plan, return to traditional Medicare or be enrolled with Humana.
A Leon County judge ordered MD Medicare Choice into receivership Sept. 30 for purposes of liquidation, and giving Humana the approval to provide replacement coverage.
The Centers for Medicare & Medicaid Services ended its contract with the plan and announced a special enrollment period from Oct. 1, 2008, through Jan. 31, 2009, for members who do not wish to move to a Humana plan.
A Humana news release said the company will offer members the same benefits they had under the MD Medicare Choice plan.
CMS announced that members should have received a letter around Oct. 1 explaining their options. According to CMS, former MD Medicare Choice members will be allowed to see their regular physicians at network rates through Dec. 31.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2008/10/20/bibf1020.htm.
