Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance

Health Net To Hand Off NYC Medicare HMO

X
Your article was successfully shared with the contacts you provided.

A West Coast company is trying to pass a small government program health plan on to another company.

Health Net Inc., Woodland Hills, Calif., has applied for permission from the Centers for Medicare & Medicaid Services to transfer Health Net Medicare Advantage health maintenance organization plan in New York City to Touchstone Health Partnership Inc., New York.

The Health Net New York City Medicare Advantage HMO covers 6,500 individuals in the New York City boroughs of Brooklyn, Bronx, Queens and Staten Island.

Health Net already relies on Touchstone, a doctor-owned Medicare HMO, to provide health benefits for 5,700 of the 6,500 plan members, Health Net says.

Health Net and Touchstone are not saying whether the transaction involves any exchange of cash.

The companies hope to complete the deal Sept. 1st.

The deal should not affect Health Net commercial health insurance operations anywhere in New York state or Health Net New York state Medicare operations outside of New York City, Health Net says.

Health Net Medicare plans are growing in upstate New York and in Connecticut, Health Net says.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.