Molina Healthcare Wins Michigan Contract to Provide a New Dual Eligible Benefit Program
16 Octubre 2024 - 8:00AM
Business Wire
Molina Healthcare, Inc. (NYSE: MOH) (“Molina” or the “Company”)
announced today that the Michigan Department of Health and Human
Services (MDHHS) has awarded a contract to Molina’s health plan
subsidiary, Molina Healthcare of Michigan, to provide a Highly
Integrated Dual Eligible Special Needs Plan (HIDE SNP). The new
benefit plan, MI Coordinated Health, will be available to
individuals enrolled in both Medicare and Medicaid. Molina
confirmed it was awarded the contract in six service regions.
Molina currently serves two regions in the existing Michigan Health
Link program, the state’s current platform for serving dual
eligible members.
The go-live date for the new contract is expected to be January
1, 2026. The contract is expected to have a duration of seven
years, with three one-year optional extensions.
About Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company, provides managed
healthcare services under the Medicaid and Medicare programs and
through the state insurance marketplaces. For more information
about Molina Healthcare, please visit MolinaHealthcare.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995. This press release contains forward-looking
statements regarding MDHHS’s selection of Molina Healthcare of
Michigan. All forward-looking statements are based on the Company’s
current expectations that are subject to numerous risks and
uncertainties that could cause actual results to differ materially.
Such risks include, without limitation, a successful protest or
legal action, a delay in the start date for the contract, or a
contract term that is shorter than expected. Given these risks and
uncertainties, Molina cannot give assurances that its
forward-looking statements will prove to be accurate. Information
regarding the risk factors to which the Company is subject is
provided in greater detail in its periodic reports and filings with
the Securities and Exchange Commission (“SEC”), including the
Company’s most recent Annual Report on Form 10-K. These reports can
be accessed under the investor relations tab of the Company’s
website or on the SEC’s website at sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20241016685178/en/
Investor Contact: Jeff Geyer,
Jeffrey.Geyer@molinahealthcare.com, 305-317-3012 Media
Contact: Caroline Zubieta,
Caroline.Zubieta@molinahealthcare.com, 562-951-1588
Molina Healthcare (NYSE:MOH)
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