tiprankstipranks
Molina Healthcare awarded new contracts in Michigan, Idaho
The Fly

Molina Healthcare awarded new contracts in Michigan, Idaho

Molina Healthcare (MOH) announced that the Michigan Department of Health and Human Services has awarded a contract to Molina’s health plan subsidiary, Molina Healthcare of Michigan, to provide a Highly Integrated Dual Eligible Special Needs Plan. 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 – Michigan’s entire lower peninsula. 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. Molina also announced today that the Idaho Department of Health and Welfare intends to award contracts to Molina’s health plan subsidiary, Molina Healthcare of Idaho, to administer the State’s Medicare Medicaid Coordinated Plan and Idaho Medicaid Plus Plan, which provide access to integrated benefits to the State’s dual eligible population. Molina currently serves approximately 11,000 dual eligible members across the State. The 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.

Don't Miss Our Christmas Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App