Overview
What is Florida Health Maintenance Organization Consumer Assistance Plan?
The Florida Health Maintenance Organization Consumer Assistance Plan is a nonprofit organization, specifically designed to safeguard subscribers of Health Maintenance Organizations (HMOs) in Florida. In the event of an HMO's insolvency, this plan steps in to provide or facilitate HMO coverage for the affected subscribers, falling under the categories of non-medicare and non-medicaid individuals. The primary objective of the Florida HMO Consumer Assistance Plan is to ensure the protection of Florida HMO subscribers, subject to certain limitations.
Official website here: www.flhmocap.com
Is Florida Health Maintenance Organization Consumer Assistance Plan legitimate?
Florida Health Maintenance Organization Consumer Assistance Plan is a legitimate nonprofit organization registered as a 501(c)(6) entity. Florida Health Maintenance Organization Consumer Assistance Plan submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.flhmocap.com
What is the mission statement of Florida Health Maintenance Organization Consumer Assistance Plan?
The Florida Health Maintenance Organization Consumer Assistance Plan is designed to safeguard the subscribers of Florida Health Maintenance Organizations (HMOs) against potential failures of their HMOs, subject to certain limitations. In the event of an insolvent HMO, this plan provides or arranges for alternative HMO coverage for the affected non-Medicare, non-Medicaid subscribers. Fortunately, there have been no HMO insolvencies requiring the activation of the Health Maintenance Organization Consumer Assistance Plan in the past five years. In essence, the plan serves as a safety net for HMO subscribers, ensuring they continue to receive necessary healthcare coverage in the unfortunate event of their HMO's financial collapse.
Official website here: www.flhmocap.com
Who is the CEO of Florida Health Maintenance Organization Consumer Assistance Plan?
Bruce Platt is the Director of Florida Health Maintenance Organization Consumer Assistance Plan.
Official website here: www.flhmocap.com
What is the revenue of Florida Health Maintenance Organization Consumer Assistance Plan?
Florida Health Maintenance Organization Consumer Assistance Plan's revenue in 2022 was $374,116.
Official website here: www.flhmocap.com
Who are the executives of Florida Health Maintenance Organization Consumer Assistance Plan and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.flhmocap.com
Where can I find the form 990 for Florida Health Maintenance Organization Consumer Assistance Plan?
Florida Health Maintenance Organization Consumer Assistance Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.flhmocap.com
Learn more at the official website: www.flhmocap.com
Mission Statement of Florida Health Maintenance Organization Consumer Assistance Plan
The Florida Health Maintenance Organization Consumer Assistance Plan is a mission-driven entity, primarily established to safeguard the subscribers of Florida Health Maintenance Organizations (HMOs) under certain circumstances, subject to specific limitations. Its primary purpose is to offer support to non-Medicare, non-Medicaid subscribers in the event of an HMO's insolvency, ensuring continued healthcare coverage for these individuals. However, it is worth noting that the Florida Health Maintenance Organization Consumer Assistance Plan has not had to activate its services to provide or arrange for HMO coverage to subscribers following an HMO insolvency within the past five years.
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Impact
October, 2024
The Florida Health Maintenance Organization Consumer Assistance Plan (HMO CAP) plays a crucial role in safeguarding subscribers against the potential financial failures of health maintenance organizations in Florida. Its primary purpose is to ensure that non-Medicare and non-Medicaid subscribers have continued access to healthcare services through an alternative HMO arrangement in the event of an HMO insolvency.
By providing this safety net, the HMO CAP enhances consumer confidence in health plan stability and encourages more individuals to engage with HMOs knowing that there is a contingency plan in place. Although there have not been any HMO insolvencies requiring activation of the plan in the past five years, its existence serves as a critical resource for mitigating risks associated with HMO membership.
Overall, the Florida HMO CAP contributes to a more resilient healthcare market, promoting stability and protecting consumer interests in the face of potential challenges within the HMO sector.
This information is meant to be a general summary of Florida Health Maintenance Organization Consumer Assistance Plan. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $98,343
- Program Service Revenue: $275,773
- Gross Receipts: $374,116
Assets and Liabilities:
- Total Assets: $10,308,941
- Total Liabilities: $157,088
- Net Assets: $10,151,853
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Assessment Revenue
Revenue
$125,000
Long-Term Care Assessment
Revenue
$150,773
Organization Details
Founding Year
1986
Phone
(850) 425-1634Principal Officer
Bruce Platt
Main Address
201 EAST PARK AVE, Tallahassee, FL, 32301
Website
www.flhmocap.comNTEE Category
Code: Y20 - Mutual benefit
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