PREFERRED MEDICAL PLAN, INC.
MIAMI, FLORIDA

For nearly five decades, Preferred Medical Plan, Inc. played a key role in providing health insurance services to the people of South Florida. Incorporated on October 4, 1972, and recognized under Florida file number 410042 as a Domestic Profit Corporation (DOMP), it became an integral part of Miami-Dade County’s healthcare landscape. However, on December 31, 2015, it received unsettling news from the Centers for Medicaid and Medicare Services (CMS). They informed Preferred Medical Plan that due to only partial fulfillment of Risk Corridor payments by CMS, the plan couldn't participate in the 2016 health insurance exchanges. Consequently, after nearly 45 years in business, the company decided to wind down its operations throughout 2016. The end did come with a commitment to continuity for members and providers alike. The Florida Office of Insurance Regulations collaborated closely with Preferred Medical Plan to ensure all current members were transitioned smoothly to new coverage by July 1, 2016. In the meantime, the organization kept processing medical claims for its network of providers through 2016, advising timely submission to ensure prompt handling. Throughout its years in operation, Preferred Medical Plan maintained a firm commitment to non-discrimination, in strict adherence to guidelines set forth by the Secretary of Health and Human Services (HHS). This ensured equal treatment regardless of race, color, national origin, disability, age, sex, gender identity, or sexual orientation. They also championed fairness based on health-related criteria like health status, claims experience, genetic information, and clinical trial participation. The company's operations were primarily conducted from its registered address at 10860 SW 88th St, Miami, FL, with contact numbers (305) 447-8373 and (855) 752-6767. Interestingly, despite ceasing operations in 2016, Preferred Medical Plan experienced an official "reinstate" event on December 4, 2024-indicative of some continued or renewed relationship within regulatory frameworks. Notably, Kevin Dr. Fox and Greg Dr. Fox were mentioned as directors during this significant time, with the last annual report also being dated December 4, 2024. The company held an FEI number of 591419293.