Florida Healthcare Plus, a Medicare HMO with 10,000 members, was declared insolvent Wednesday and turned over to state authorities.
In such cases, state and federal officials help patients move into other health plans or to traditional Medicare. More information is expected on that today or Friday.
The state Division of Financial Services took over the Coral Gables-based plan immediately after the order was issued Wednesday by Circuit Court Judge George S. Reynolds in Tallahassee. DFS is expected to sell off the company’s assets Jan. 1.