{"id":795234,"date":"2024-12-16T16:19:47","date_gmt":"2024-12-16T21:19:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/molina-healthcare-awarded-contracts-to-serve-dual-eligible-populations-in-michigan-and-idaho\/"},"modified":"2024-12-16T16:19:47","modified_gmt":"2024-12-16T21:19:47","slug":"molina-healthcare-awarded-contracts-to-serve-dual-eligible-populations-in-michigan-and-idaho","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/molina-healthcare-awarded-contracts-to-serve-dual-eligible-populations-in-michigan-and-idaho\/","title":{"rendered":"Molina Healthcare Awarded Contracts to Serve Dual Eligible Populations in Michigan and Idaho"},"content":{"rendered":"

<\/p>\n

Molina Healthcare Awarded Contracts to Serve Dual Eligible Populations in Michigan and Idaho<\/b><\/p>\n

LONG BEACH, Calif.–(BUSINESS WIRE<\/a>)–
\nMolina Healthcare, Inc. (NYSE: MOH) (\u201cMolina\u201d or the \u201cCompany\u201d) announced today that the Michigan Department of Health and Human Services (MDHHS) has awarded a contract to Molina\u2019s health plan subsidiary, Molina Healthcare of Michigan, to provide a Highly Integrated Dual Eligible Special Needs Plan (HIDE SNP). This new award follows the initial notice of intent to award the HIDE SNP contract announced by the MDHHS on October 9, 2024, and subsequently cancelled on November 8, 2024. 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 eleven service regions \u2013 Michigan\u2019s entire lower peninsula. Molina currently serves two regions in the existing Michigan Health Link program, the state\u2019s current platform for serving dual eligible members.<\/p>\n

\nThe 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.<\/p>\n

\nMolina also announced today that the Idaho Department of Health and Welfare (IDHW) intends to award contracts to Molina\u2019s health plan subsidiary, Molina Healthcare of Idaho, to administer the State\u2019s Medicare Medicaid Coordinated Plan (MMCP) and Idaho Medicaid Plus Plan (IMPlus), which provide access to integrated benefits to the State\u2019s dual eligible population. Molina currently serves approximately 11,000 dual eligible members across the State.<\/p>\n

\nThe go-live date for the contract is expected to be January 1, 2026. The contracts are expected to have an initial term of four years, with a potential one-year extension.<\/p>\n

About Molina Healthcare<\/b><\/p>\n

\nMolina 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<\/a>.<\/p>\n

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. <\/b>This press release contains forward-looking statements regarding MDHHS\u2019s selection of Molina Healthcare of Michigan and IDHW\u2019s selection of Molina Healthcare of Idaho. All forward-looking statements are based on the Company\u2019s 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 (\u201cSEC\u201d), including the Company\u2019s most recent Annual Report on Form 10-K. These reports can be accessed under the investor relations tab of the Company\u2019s website or on the SEC\u2019s website at sec.gov<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241216079810\/en\/<\/a><\/span><\/p>\n

Investor Contact<\/b>: Jeff Geyer, Jeffrey.Geyer@molinahealthcare.com<\/a>, 305-317-3012
\n
Media Contact<\/b>: Caroline Zubieta, Caroline.Zubieta@molinahealthcare.com<\/a>, 562-951-1588<\/p>\n

KEYWORDS:<\/b> Idaho California Michigan United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> General Health Hospitals Health Managed Care Health Insurance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Molina Healthcare Awarded Contracts to Serve Dual Eligible Populations in Michigan and Idaho LONG BEACH, Calif.–(BUSINESS WIRE)– Molina Healthcare, Inc. (NYSE: MOH) (\u201cMolina\u201d or the \u201cCompany\u201d) announced today that the Michigan Department of Health and Human Services (MDHHS) has awarded a contract to Molina\u2019s health plan subsidiary, Molina Healthcare of Michigan, to provide a Highly Integrated Dual Eligible Special Needs Plan (HIDE SNP). This new award follows the initial notice of intent to award the HIDE SNP contract announced by the MDHHS on October 9, 2024, and subsequently cancelled on November 8, 2024. 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 eleven … <\/p>\n

Continue reading “Molina Healthcare Awarded Contracts to Serve Dual Eligible Populations in Michigan and Idaho”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-795234","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMolina Healthcare Awarded Contracts to Serve Dual Eligible Populations in Michigan and Idaho - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/molina-healthcare-awarded-contracts-to-serve-dual-eligible-populations-in-michigan-and-idaho\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Molina Healthcare Awarded Contracts to Serve Dual Eligible Populations in Michigan and Idaho - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Molina Healthcare Awarded Contracts to Serve Dual Eligible Populations in Michigan and Idaho LONG BEACH, Calif.–(BUSINESS WIRE)– Molina Healthcare, Inc. (NYSE: MOH) (\u201cMolina\u201d or the \u201cCompany\u201d) announced today that the Michigan Department of Health and Human Services (MDHHS) has awarded a contract to Molina\u2019s health plan subsidiary, Molina Healthcare of Michigan, to provide a Highly Integrated Dual Eligible Special Needs Plan (HIDE SNP). This new award follows the initial notice of intent to award the HIDE SNP contract announced by the MDHHS on October 9, 2024, and subsequently cancelled on November 8, 2024. The new benefit plan, MI Coordinated Health, will be available to individuals enrolled in both Medicare and Medicaid. 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