Tuesday, June 10, 2014

Florida Judge Liquidates PUP Health Insurance

ORLANDO, Florida -- A Florida Judge has ordered that a Medicare HMO with approximately 50,000 Florida subscribers be liquidated on July 1, 2014.

Judge Charles A. Francis of the Second Judicial Circuit Court in Leon County, Florida entered an order on June 9th that Physicians United Plan, Inc. (“PUP”) be liquidated effective 12:01 a.m. on July 1, 2014.  This  means that PUP’s member contracts will be cancelled on that date and PUP will no longer provide health care coverage to the PUP members.

During a brief period of rehabilitation, PUP will continue to receive and review claims.  PUP’s member contracts are not cancelled by the rehabilitation order. However, the contracts will terminate upon the effective date of liquidation.

After the liquidation date, former PUP members will receive continued health care coverage as arranged by the Centers for Medicare and Medicaid Services (CMS).   The Florida Department of Financial Services and CMS will mail out notification letters with additional details about the members s health care coverage from July 1, 2014.

Headquartered in Orlando, most of the PUP's policies are located in the Central Florida area. Affected counties include: Brevard, Broward, Hillsborough, Lake, Marion, Martin, Miami-Dade, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Seminole, Sumter, St. Lucie, and Volusia.