PREFERRED MEDICAL PLAN, INC.
MIAMI, FLORIDA

Preferred Medical Plan, Inc., once a prominent health insurance provider in South Florida, ceased operations following formal notification on December 31, 2015, from the Centers for Medicaid and Medicare Services (CMS). The company was informed it could not participate in the 2016 Exchange because CMS would only partially fulfill its Risk Corridor payments to Preferred Medical Plan. After nearly 45 years serving Miami-Dade County, Florida, since its incorporation on October 4, 1972, under file number 410042 and registered as a DOMP (Domestic Profit Corporation), the company decided to wind down operations during the rest of 2016. In collaboration with the Florida Office of Insurance Regulations, Preferred Medical Plan ensured all current members transitioned to different coverage by July 1, 2016. The organization continued processing medical claims for its providers throughout 2016 and advised timely submission for proper handling. Throughout its operational tenure, it adhered strictly to non-discrimination policies in line with the Secretary of Health and Human Services (HHS) guidelines, ensuring equal treatment across race, color, national origin, disability, age, sex, gender identity, or sexual orientation, and extended this principle to health-related criteria such as health status, claims experience, genetic information, and participation in clinical trials. The company was registered under the mailing address of 10860 SW 88th St, Miami, FL, with contact numbers (305) 447-8373 and (855) 752-6767. Although its operations ceased, the company experienced an official reinstate event on December 4, 2024, indicating some form of continued or renewed affiliation in regulatory records. It is noteworthy that Kevin Dr. Fox and Greg Dr. Fox served as directors during this period. The last annual report was also dated December 4, 2024, reflecting an FEI number of 591419293.