|Company Demographic Information|
|Name of Company:||HEALTHPLANS OF AMERICA, INC.|
|Case Number:||98 6173|
|Guaranty Association:||Health Maintenance Organization Consumer Assistance Plan|
|Type of Coverage:||Health Maintenance Organization|
|State of Domicile:||Florida|
|Status of Receivership:||Closed|
|Important Receivership Dates|
|Date of Rehabilitation:||N/A|
|Date of Liquidation:||N/A|
|Policy Cancellation Date:||N/A|
|Claims Filing Deadline:||November 04, 1999|
|Date of Discharge:||June 30, 2013|
Notice of Receivership
Healthplans of America, Inc. ("Healthplans") was placed in liquidation on November 4, 1998. Proof of claim forms have been mailed. The deadline for filing a proof of claim was November 4, 1999. If you have submitted a proof of claim form, you will be notified, in writing, of the Receiver's recommendation on your claim.
On April 22, 2011, the First Interim Claims Report was filed with the Court in the estate of Healthplans. On April 25, 2011, the Court issued an order approving the report. The First Interim Claims Report addresses claims filed in Classes 1, 2, 3, 4, 5, 6, 7 and 8. Only claims in Classes 1, 2, 3, 4, 5 and 6 were evaluated due to limited assets in the estate. The Receiver does not anticipate a distribution to any claimants beyond Class 6. On May 9, 2011, Notices of Determination ("Notices") were mailed to the 3,538 claimants that filed a claim in the estate. The Notice informed them of the Receiver's recommendations concerning the classification and amount of their claim, along with instructions on how to proceed if a claimant objected to the recommendations. Objections are required to be filed by the claimant, in writing, with both the Court and the Receiver and postmarked by June 22, 2011. Objections filed after that date will not be considered. On April 4, 2013, the Court issued an order approving the Receiver's final claims report, the claims distribution report and the distribution accounting, and authorizing a distribution. On April 16, 2013, the Receiver mailed 1,559 checks to Class 1 through 6 claimants representing 100% of the adjudicated claim amount owed each Class 1 through 5 claimant and 17.5719% of the adjudicated claim amount owed each Class 6 claimant. A total of $2,827,261.31 was distributed. Funds were not available to pay Class 7 through Class 11 claimants. The total amount distributed to claimants during the life of the estate was $2,958,541.40. There were 1,348 items transferred to Unclaimed Property. The total of all funds transferred to Unclaimed Property was $1,977,947.71.