Division of Rehabilitation and Liquidation
|Name of Company:||America's Health Choice Medical Plans, Inc.|
|Date of Rehabilitation:||August 6, 2008|
|Type of Coverage:||Health Maintenance Organization|
|State of Domicile:||Florida|
|Status of Receivership:||Closed|
|Date of Discharge:||December 31, 2010|
On August 6, 2008, America’s Health Choice Medical Plans, Inc, (“AHC”) was ordered into receivership for purposes of rehabilitation by the Second Judicial Circuit Court (”Court”) in Tallahassee, Florida. The Florida Department of Financial Services was the court appointed Receiver of America’s Health Choice.
Headquartered in Vero Beach, Florida, AHC was initially licensed as a Provider Sponsored Organization in 2000 and converted its license to a Health Maintenance Organization in 2004. The company was authorized to sell Medicare products. Medicare funds and contracts are administered through a federal agency, the Centers for Medicare and Medicaid Services ("CMS"). In July 2007, CMS terminated AHC’s Medicare Advantage-Prescription Drug contract and asked another company to immediately provide health coverage to all of AHC’s Medicare members. Prior to receivership, AHC essentially had been in a “runoff” mode, paying the remaining claims of its former subscribers.
In February 2008, AHC agreed to public administrative supervision under the direction of the Florida Office of Insurance Regulation (“OIR”). As part of the Consent Order for Public Administrative Supervision with OIR, AHC consented to receivership under the grounds which subsequently led to the receivership proceeding.
On January 3, 2011, the Court issued an Order that discharged the Florida Department of Financial Services of its duties as Receiver of AHC effective December 31, 2010.
Pursuant to the Discharge Order, all abandoned property was sent to the
Department of Financial Services, Bureau of Unclaimed Property. The Bureau of Unclaimed
Property may be reached at:
Phone: (850) 410-9253
Toll Free: 1-888-258-2253 (Florida only)
Florida Department of Financial Services
Bureau of Unclaimed Property
P.O. Box 1910
Tallahassee, FL 32301-1910
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