Friday Health Plans of Oklahoma
Estate Overview
Case Number CJ-2023-3105
Receivership Date
06/13/2023
Liquidation Date
09/01/2023
Policies Terminated
08/31/2023
Deadline to file Proof of Claim
02/28/2024
Closure Date
To be determined
Assistant Receiver
Donna L. Wilson, CIR-ML
Receivership Counsel
Riggs Abney Neal Turpen Oribson & Lewis, PC
Judge
Honorable Judge Natalie Mai
IMPORTANT ANNOUNCEMENT FOR MEMBERS
Friday Health Plans of Oklahoma members and their providers do NOT need to file a proof of claim UNLESS the receiver advises their claims exceed the coverage provided by the Oklahoma Life & Health Insurance Guaranty Association.
All coverage by Friday Health Plans of Oklahoma (“FHP-OK”) ended at 11:59 PM on August 31, 2023.
Frequently Asked Questions
For FHP-OK Members:
The Receiver is reviewing FHP-OK records to identify all premium overpayments. The Receiver will refund premium amounts identified in this process which are above $10.00. The Receiver expects to complete this process before February 15, 2024.
If you believe that you are due a premium refund, you should file a Proof of Claim which is available for download below.
On April 4, 2023, the Oklahoma Insurance Department placed FHP-OK into supervision. It was determined that the company was insolvent and they were unable to raise sufficient capital. Therefore, the Company agreed to receivership. This process will help protect Oklahoma consumers as the company winds down its operation.
Yes, to avoid a lapse in coverage you must pay your premium to FHP-OK through August 31, 2023.
Yes, the premium subsidy will continue until your FHP-OK coverage ends. You will also continue to receive a subsidy for your new health plan as long as you are eligible.
Yes, subject to the terms of your policy. Also, statutory provisions of the Oklahoma Life and Health Insurance Guaranty Association may impact a small number of members (i.e. claims in excess of $500,000). See https://www.oklifega.org for additional information.
For FHP-OK Providers:
No, it is prohibited by the receivership order (copy of the order available below) in Section 27, on page 7. Continue to submit claims through the regular portal.
Yes, where applicable, these laws continue to apply.
You should continue to file claims in the same manner as before receivership.
Events and Information
12/28/2023 - Proof of Claim
Court-approved Proof of Claim Form
12/28/2023 - Notice of Liquidation
Court-approved Notice of Liquidation
12/28/2023 - Order Approving Notice
The Oklahoma County District Court approved the Order Approving Receiver’s Combined Application for Approval of (A) Notice of Liquidation, (B) Form of Proof of Claim and Instructions and Application for Approval of Receiver’s Claims Reporting and Evaluation Plan.
06/23/2023 - Liquidation Order Approved
The Oklahoma County District Court approved the Order of Liquidation With a Finding of Insolvency.
06/23/2023 - Liquidation Application Filed
The Receiver filed the Application for Order of Liquidation.
06/13/2023 - Rehabilitation Order Approved
The Oklahoma County District Court approved the Agreed Order Placing Friday Health Plans of Oklahoma, Inc. Into Receivership, Appointing Receiver, and Permanent Injunction.
06/02/2023 - Application Filed
The Insurance Commissioner of Oklahoma filed the Application for Order Placing Friday Health Plans of Oklahoma, Inc. Into Receivership, Appointing Receiver, and Issuing Injunction.
Receivership Information
Friday Health Plans of Oklahoma (“FHP-OK”) was placed into administrative supervision on April 4, 2023, by consent order. During this period of enhanced supervision, the Oklahoma Insurance Department has closely monitored FHP-OK and determined that continued operation of FHP-OK was not possible without putting members at risk. Therefore, on June 2, 2023, the Insurance Commissioner of Oklahoma filed the Application for Order Placing Friday Health Plans of Oklahoma, Inc. Into Receivership, Appointing Receiver, and Issuing Injunction (see above).
On June 13, 2023, the Oklahoma County District Court approved the Agreed Order Placing Friday Health Plans of Oklahoma, Inc. Into Receivership, Appointing Receiver, and Permanent Injunction. The Oklahoma Insurance Department has coordinated with the Centers for Medicare & Medicaid Services (“CMS”) to open a Special Enroll Period to assist members on the Exchange find a new Exchange Health Plan. See above for deadlines and more information.
On June 23, 2023, the Receiver filed and the Oklahoma County District Court approved the Order of Liquidation With a Finding of Insolvency (see above). This Order sets the date of liquidation to September 1, 2023 and affirms the Special Enrollment Period Dates.