The time is now for individuals who had Common Healthcare to enroll in new Medicare Complement Insurance coverage or Medicare Benefit Plan. The Particular Election Interval (SEP) is nearly over.This previous February (2013), Florida state regulators selected to place two subsidiaries of Common Well being Care Group Inc. into receivership because it was introduced that the financially troubled firm had filed for Chapter 11 chapter. The way forward for the St. Petersburg, Florida-based well being care company is clouded and unsure because of continued monetary struggles and state regulatory fee challenges. The shutdown will have an effect on each workers and members alike within the state of Florida, however there may be some hypothesis concerning these people within the states of Georgia, Nevada, North Carolina, and Texas as nicely.
Because it at the moment stands, there are roughly 100,000 members (40,000 Medicare and 60,000 Medicaid) whereas there are roughly 37,500 Medicare coverage holders coated by the Common Well being Care Insurance coverage Firm. Though the states of North Carolina and Texas each have HMO services, it’s speculated that the receivership orders in Florida is not going to have an effect on them. Nonetheless, there may be nonetheless quite a lot of concern for members as some 900 seniors within the St. Pete space alone can be affected and might want to discover one other well being care supplier because of the chapter submitting.Along with the 1000’s of Common Well being Care members that can be impacted by the shutdown, tons of of workers may even be out of a job and add to the present financial woes of the nation. Curiously sufficient, and regardless of this “doom and gloom” state of affairs, these members who’re impacted by the Common Well being Care shutdown now have the chance to be coated by Medicare complement insurance coverage. Present Common members are enrolled in Medicaid or Medicare as it’s. Nonetheless, they had been assigned to unique Medicare Half A & Half B if that they had not chosen a brand new plan as of the April 1st deadline.Because it at the moment stands, the corporate is continuous to function whereas negotiations with lenders proceed and the proposed reorganization beneath Chapter 11. For now, this protects them from any lawsuits and/or assortment efforts. Moreover, Common Well being Care has agreed to a merger with America’s 1st Alternative for the Florida, Nevada, and Texas HMO’s in addition to a part of their Common Well being Care Insurance coverage Firm. In accordance with a number of information articles, Common will search the chapter courtroom’s permission to proceed with the sale of the corporate and haven’t but consented to receivership. What’s vital is the truth that these members who feared the worst do produce other choices to think about.
CMS has granted these beneficiaries, together with different impacted Common Well being Care Inc. (HMO) and Common Well being Care Insurance coverage Firm Inc. (PFFS ) plan members a Particular Election Interval (SEP), to enroll into one other plan of their selection. Legitimate efficient dates for this SEP are March 1 – Could 31, 2013. It’s important that folks impacted by this contact an impartial agent shortly to make the deadline.