Deadline is coming for Universal Healthcare sign ups.

Deadline is coming for Universal Healthcare sign ups.

Now is the time for people who had Universal Healthcare to sign up for the new Medicare Supplemental Insurance or Medicare Advantage Plan. The Special Election Period (SEP) is almost over.

Last February (2013), Florida state regulators decided to bankrupt two subsidiaries of Universal Health Care Group Inc. as it was announced that the financially troubled company had declared bankruptcy in Chapter 11. The Future of The Healthcare Company Headquartered in St. Petersburg, Florida, it is cloudy and uncertain due to the continuing struggles and financial challenges of the state regulatory commission. The closure will affect staff and members in the state of Florida, but there is also speculation about these people in the states of Georgia, Nevada, North Carolina and Texas. There are currently approximately 100,000 members (40,000 Medicare and 60,000 Medicaid), while there are approximately 37,500 Medicare policyholders covered by the Universal Health Care Insurance Company. Although the states of North Carolina and Texas have health insurance facilities, it is speculated that court orders in Florida will not affect them. However, there is still a major concern for members, as only about 900 seniors in the St. Pete area will be affected and will need to find another health professional as a result of filing for bankruptcy.

In addition to the thousands of Universal Health Care members that will be affected by the closure, hundreds of employees will also be unemployed and contribute to the country’s current economic woes. Interestingly, and despite this “pessimistic” scenario, members affected by the closure of Universal Health Care now have the opportunity to be covered by Medicare supplemental insurance. Current Universal members are enrolled in Medicaid or Medicare as they are. However, they were assigned to the original Medicare Part A and Part B if they had not chosen a new plan by the April 1 deadline.¬†Currently, the company continues to operate while negotiations with creditors and the reorganization proposed in Chapter 11 continue. For the time being, this protects them from any demand and / or collection efforts. In addition, Universal Health Care has agreed to merge with America’s 1st Choice for HMOs in Florida, Nevada and Texas, and be part of Universal Health Insurance Company. According to several articles, Universal will seek permission from the bankruptcy court to continue selling the company and has not yet given its consent to the court administration. Importantly, members who feared the worst have other options to consider.

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