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Division of Rehabilitation and Liquidation

Company Information - DoctorCare, Inc.

Name of Company: DoctorCare, Inc.
Date of Liquidation: December 1, 2006
Policy Cancellation Date: December 1, 2006
Claims Filing Deadline: December 3, 2007
Guaranty Association: Not Available
Type of Coverage: Health Maintenance Organization
State of Domicile: Florida
Status of Receivership: Liquidation

DoctorCare, Inc. ("DoctorCare") was a provider-sponsored health maintenance organization which provided health care coverage to approximately 5,700 Medicare subscribers and was headquartered in Coral Gables, Florida. On November 20, 2006, DoctorCare was declared insolvent and placed into receivership for purposes of rehabilitation by the Second Judicial Circuit Court ("Court") in Tallahassee, Florida. The Florida Department of Financial Services is the court appointed Receiver of DoctorCare.

Medicare contracts and premiums are administered through the federal Centers for Medicare and Medicaid Services ("CMS"). The rehabilitation order was entered to allow the Receiver to conserve the assets of DoctorCare and assist CMS in its efforts to provide a smooth transition for DoctorCare’s subscribers to other Medicare providers. Unfortunately, DoctorCare's financial condition prohibited any realistic chance for a successful rehabilitation of the company.

DECEMBER 1, 2006 LIQUIDATION OF DOCTORCARE, INC.

DoctorCare has been ordered liquidated effective 12:01 a.m. on December 1, 2006. The DoctorCare subscriber’s health care coverage with DoctorCare is cancelled as of that date. As a Medicare member, however, the former DoctorCare members will receive continued health care coverage through other health maintenance organizations. CMS has arranged for two local health maintenance organizations - Preferred Care Partners, Inc., and WellCare of Florida, Inc. – to provide continued health care coverage to the former members of DoctorCare. CMS has randomly assigned each DoctorCare subscriber to one of these two companies. These HMOs have mailed letters to each subscriber who has been assigned to them, explaining how the continued health care coverage with the HMO will work and the subscriber’s other Medicare options. The Receiver is also mailing letters to the subscribers and medical providers to notify them of the receivership process. Subscribers are urged to carefully read the letter they receive from either Preferred Care Partners, Inc., or WellCare of Florida, Inc.

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