Government offers funds to help switch seniors from terminated Fox Insurance plan

Share this article:

Some states will receive additional funding for insurance information programs for seniors after the Centers for Medicare & Medicaid Services terminated a federal contract with Fox Insurance Company.

So far, two states have been provided additional funding, according to a joint CMS and Department of Health and Human Services statement Tuesday. The Florida insurance information program Serving Health Insurance Needs of Elders (SHINE) is scheduled to receive $274,000 in additional funding, while North Carolina's Senior's Health Insurance Information Program (SHIIP) will receive $120,000. Florida and North Carolina had the largest number of Medicare enrollees in the Fox prescription drug plan, according to the release. Medicare terminated its Part D contract with Fox on March 9 after an on-site review revealed serious policy violations. (McKnight's, 3/11/10) It was the first time since the implementation of Medicare Part D that CMS has terminated a contract with a drug plan.

Former Fox enrollees will be able to choose a new Medicare prescription drug plan through May 1, 2010. All former Fox enrollees are currently obtaining their drugs through LI-NET, a program run by Medicare and administered by Humana.

Share this article:

More in News

Long-term care continues to lead in deal volume and value: PwC report

Long-term care continues to lead in deal volume ...

Long-term care bucked healthcare industry trends with strong merger and acquisition activity in the second quarter of 2014, according to newly released data from professional services firm PricewaterhouseCoopers.

Empowering nurse practitioners could reduce hospitalizations from SNFs, study finds

Granting more authority to nurse practitioners is associated with reduced hospitalization of skilled nursing facility residents, according to recently published findings.

Pioneer ACO drops out of program, despite reductions in skilled nursing utilization

A California healthcare system has become the latest dropout from the Pioneer Accountable Care Organization program, despite reducing skilled nursing facility utilization and improving its readmission rates. Sharp HealthCare announced its decision in a quarterly financial statement released Tuesday.