Fidelis: A Private Insurance Option For The Discerning Customer

Fidelis Care is a health insurance company that was formed in 1993 as the NYC Catholic Health Plan Inc. by the Catholic Medical Center of Brooklyn and Queens, Inc. and the Diocese of Brooklyn. The company is based in New York and offers health coverage to over 2.3 million New Yorkers through health plans, including Medicaid Managed Care, Medicare Advantage, and Child Health Plus. Fidelis Care operates as a subsidiary of Centene Corp. with offices throughout New York State.

Fidelis Care is a New York-based health insurance company

Fidelis Care's history of serving the underserved is evident in its early beginnings. In 1997, just four years after its formation, Fidelis Care expanded to Western New York by acquiring the Better Health Plan, a Buffalo-based HMO. This expansion demonstrated the company's commitment to bringing affordable and accessible healthcare to a wider population in the state.

The company's dedication to improving the health of communities at the grassroots level has been a driving force in its partnerships and initiatives. For example, Fidelis Care partners with the Ulster County Regional Chamber to provide the resources and services that New Yorkers need to maintain healthier lives. Through this partnership and others like it, Fidelis Care ensures that members can find the coverage they require, regardless of their life stage.

Fidelis Care's impact is further highlighted by its acquisition by Centene Corp. in 2018. This acquisition, valued at US$3.75 billion, underscores the significant role Fidelis Care plays in providing health insurance to New York residents. As a subsidiary of Centene Corp., Fidelis Care continues to operate with a strong presence throughout New York State, maintaining its original mission while benefiting from the additional resources and support of its parent company.

It was formed in 1993 as the NYC Catholic Health Plan Inc

Fidelis Care is a private, New York-based health insurance company that was formed in 1993 as the NYC Catholic Health Plan Inc. The company was established by the Catholic Medical Center of Brooklyn and Queens, Inc. and the Diocese of Brooklyn. The aim was to serve the poor and medically underserved.

Since its inception, Fidelis Care has expanded its reach and now serves a large number of New York residents. As of 2018, the company had over 1.7 million members in New York State. This growth can be attributed to strategic acquisitions and expansions, such as their expansion to Western New York in 1997 with the acquisition of the Better Health Plan, a Buffalo-based HMO.

Fidelis Care offers a range of government-sponsored health insurance programs, including Medicare, Medicaid, and Child Health Plus. They also provide managed long-term care plans and Qualified Health Plans on the NY State of Health Marketplace. Additionally, Fidelis Care has subsidiaries, including CenterCare, a New York City-based Medicaid managed care plan that became a part of Fidelis in 2005.

The company's commitment to serving the underserved aligns with its roots in the Catholic community. By providing access to healthcare for those who might otherwise struggle to afford it, Fidelis Care contributes to the social and health fabric of New York. Their work helps ensure that vulnerable populations can access the medical services they need.

It serves over 2 million New York residents

Fidelis Care is a health insurance company that serves over 2 million residents of New York State. The company was formed in 1993 as the NYC Catholic Health Plan Inc. by the Catholic Medical Center of Brooklyn and Queens, Inc. and the Diocese of Brooklyn. Its original purpose was to serve the poor and medically underserved.

Since its founding, Fidelis has expanded across New York State. In 1997, it expanded into Western New York with the acquisition of the Better Health Plan, a Buffalo-based HMO. The company now has offices throughout the state and offers a range of health insurance programs, including Medicare, Medicaid and Child Health Plus.

As of 2024, Fidelis Care offers health coverage to over 2.3 million New Yorkers. This includes government-sponsored health insurance programs such as Medicare Advantage and Medicaid Managed Care, as well as Child Health Plus, a program introduced in 1997. The company also offers managed long-term care plans and Qualified Health Plans on the NY State of Health Marketplace.

Fidelis Care is committed to improving the health of communities at the grassroots level. It partners with organisations such as the Ulster County Regional Chamber to provide the resources and services that New Yorkers need to live healthier lives. With a presence across New York State, Fidelis Care serves a significant portion of the state's population, ensuring that members can access the coverage they need, regardless of their life stage.

It offers health plans including Medicaid Managed Care, Medicare Advantage and Child Health Plus

Fidelis Care is a New York-based health insurance company that offers a range of health plans, including Medicaid Managed Care, Medicare Advantage, and Child Health Plus.

Medicaid Managed Care

Medicaid Managed Care is a health care delivery system that aims to manage costs, utilization, and quality. In the context of Fidelis Care, Medicaid Managed Care is provided through contracted arrangements between state Medicaid agencies and managed care organizations (MCOs). These MCOs accept a set per-member monthly (capitation) payment for their services. By utilizing various types of MCOs, states can reduce Medicaid program costs and better manage health service utilization. The improvement in health plan performance, healthcare quality, and outcomes are key objectives of Medicaid Managed Care.

Medicare Advantage

Medicare Advantage Plans, also known as "Part C" or "MA plans," are an alternative way to receive Medicare benefits. They are offered by Medicare-approved private companies, including Fidelis Care, and must follow the rules set by Medicare. Medicare Advantage Plans typically include drug coverage (Part D). Before enrolling, it is important to consider the potential impact on existing coverage provided by an employer or union. Additionally, insurance companies have the flexibility to decide on the availability and specific benefits offered in each area.

Child Health Plus

Child Health Plus is a health insurance plan offered by the state of New York for children. Depending on family income, a child may be eligible for either Children's Medicaid or Child Health Plus. Both options are available through a wide range of providers across the state. As of January 1, 2014, applications for Child Health Plus coverage are accepted through the NY State of Health Marketplace.

Centene Corp acquired Fidelis Care for $3.75 billion in 2018

On September 12, 2017, it was announced that Centene Corp. would acquire Fidelis Care for $3.75 billion. The acquisition was completed on July 2, 2018, making Fidelis Care Centene's health plan in New York State.

Fidelis Care is a New York-based health insurance company that was formed in 1993. As of 2018, it served more than 1.7 million New York residents and offered plans on the Affordable Care Act (ACA) marketplaces, as well as Medicaid, Medicare Advantage, Dual Advantage, Child Health Plus, Essential Plan, and managed long-term care policies.

The acquisition of Fidelis Care by Centene Corp. was aligned with Centene's strategy to expand its presence on the ACA exchanges and become the national leader in government-sponsored healthcare. Centene CEO Michael Neidorff highlighted that the acquisition would benefit shareholders and help improve care for underserved populations, a shared mission between the two organizations.

The deal brought Centene more than 1.6 million new members in New York, spread across the Medicaid, Medicare Advantage, and Obamacare exchange markets. It also expanded Centene's national leadership in government-sponsored healthcare, giving it a presence in the country's four largest managed care states by membership: California, Florida, New York, and Texas.

The transaction was structured as an asset purchase due to New York state regulations surrounding the sale of nonprofit firms. Centene financed the deal through an equity sale and $1.6 billion in new debt. The acquisition was expected to boost Centene's earnings and generate total revenues of more than $60 billion in 2018.

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