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Tampa Medicare Goes Out of Business

Financial reasons led to a family of Medicare Health Plans to be terminated, affecting close to 16,000 people in 23 counties who were moved to other plans. Tampa-based MD Medicare Choice has been in operation since 2006 but collapsed when federal officials froze $27 million in reserves. It’s Medicare contract was officially terminated once a judge declared the company insolvent.
All members have currently been transitioned over to HMOs run by Humana Inc. which have similar benefits. Members have the option of continuing to see their doctors and paying the same prices for the rest of this year. What do you think about this situation and how it was handled?

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This entry was posted on Wednesday, October 1st, 2008 at 12:20 pm and is filed under Florida Medicare. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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