From skilled nursing to assisted living to home health and hospice care, however, the industry is predominantly for-profit. Houston, TX, Moo I denied the new insurance and told them I would look for insurance elsewhere. | We also pursue Multicultural Healthcare Distinction through NCQA to highlight our focus on improving quality of care and addressing the diverse cultural and linguistic needs for our members. She broke several laws during this whole process, so a fraud claim was filed and an investigation opened. Why Should You Hold Molina Healthcare (MOH) in Your Portfolio? No confirmation email, no forms to e-sign. Please select one of the states in which Molina Healthcare provides services. And My Doctor Appointments. The first hurdle was getting accurate results based on proximity to my home address. I thought it seemed off and I told her so, but she said it was fine. Our care coordinator from Molina is extremely hard to connect with and has not responded to questions I have emailed her. *Actual compensation may vary from posting based on geographic location, work experience, education and/or skill level. Im currently on hold for the second time today after being hung up on. The for-profit insurance companies, including Aetna, Elevance Health, Molina Healthcare and UnitedHealthcare, operated some Medicaid plans that denied medical care under requests for prior. In addition, Molina would try to demand preauthorization for medications that they did not cover, for which they paid not one cent towards. services that, when utilized, may impact its score on BestCompany.com. Basically, I cant go to my doctors and even if I go to theirs they deny all procedures! I was on the phone with them for 8 hours over 3 days. Issue 4) It's 2021. Molina Collects a monthly premium and provide no service! Thanks To Molina. It operates through the Health Plans and Other segments. Wheres the money I have been paying every month? Milwaukee, WI, Janneth I got a call from both of them to explain the entire situation, and learned that this other person went into the system with her credentials to JUST NOW send the Molina plan through. Independent of a referral compensation agreement with companies on our site, companies may also choose to subscribe to The following month they took out 1128.96 for insurance I never authorized. Despite paying more than $1,000 every month, I felt uninsured with Molina. The survey informs us whether members are happy with their care and their Molina doctors and where the organization can improve. His office only uses one made by Medilynx, which is out of network. NCQA accreditation demonstrates our dedication to constant improvement. Revenue rose to $8.33 billion from $8.05 billion, beating analyst's estimates for $ 8.32 billion. Finance, Molina Healthcare to Assume Lovelace Medicaid Contract in New Mexico - MarketWatch, "First Coast Advantage Medicaid members to become Molina members", "Molina acquisition expands Medicaid business in Chicago market", "Zacks Investment Research: Stock Research, Analysis, & Recommendations", "Molina Healthcare Adds Online Access To Behavioral Health", http://world.einnews.com/article/285371270/rLgrJ5LF2niO-Kc9, "Molina Healthcare Will Leave Health Exchanges in Utah, Wisconsin", "Molina's Medicaid contract challenge denied", "Molina Healthcare loses Texas Medicaid contract", "Molina Healthcare Announces the Closing of its Acquisition of Passport's Medicaid Plan Assets | Molina Healthcare Inc", "Molina Healthcare Announces the Closing of its Acquisition of Magellan Complete Care | Molina Healthcare Inc", "Molina Healthcare Announces the Closing of its Acquisition of Affinity Health Plan", "Molina buys up Cigna's Medicaid business in Texas for $60M", "Iowa selects Molina Healthcare to be its third Medicaid managed care organization", http://www.mwe.com/index.cfm/fuseaction/media.prdetail/object_id/dbf194bf-b5fa-43bd-971e-5b6c79f4eec2.cfm, "IPO an Inner City 100 FirstMolina Healthcare becomes the first Inc. I have not had Molina insurance coverage since November of 2020, but every time I try to reconcile my account, cancel my account, or ask for help, Molina sends another round of bills and keeps adding to a monthly total for an account that doesn't exist. The cost and benefits of its health care plans varies depending on the plan selected. The 35% bump in members spurred a sizable increase in both revenue and profit for the quarter. 2023 Molina Healthcare, Inc. All rights reserved. They are very happy to receive your monthly premiums and when you need them they dont care about you. If you are not interested in a Marketplace plan or do not qualify for government assistance, Molina Healthcare may not be available to you. The pharmacy benefits are questionable, with frequent gaps where therapeutically non-equivalent drugs were treated as equivalent in order to minimize formulary. I'm glad I'm retired because I've spent a lot of time on just two visits. Molina Healthcare was founded in 1980 by Dr. C. David Molina. Because Molina Heathcare. I have left bad reviews on the regional office website here in San Antonio. I have been at this all morning trying to find a Doctor for my 96 year old mother I called them to e-mail me a list of Doctors because her doctor of many years no longer takes Molina its like i have circled all this list and called and called NoOnE wants anything to do with Molina! to its name, this indicates that we receive compensation from the company in exchange for referring prospective I pay over $22,000 per year for this insurance. I can not stress that enough- you will receive NO insurance, and they will destroy your credit and never acknowledge any communications, especially after your account is closed. Molina Healthcare has a Broker Support Unit that assists people as they enroll in health insurance. MMS was a wholly owned subsidiary of Molina Healthcare at the time of sale. Molina Healthcare operates independent health clinics in several of the states it operates in. Every Plan I've had through the market place has been hacked and I've received free credit reporting for the last several years, I just got another free year due to another settlement with BCBS. Please avoid at all cost. The Molina Foundation - GuideStar Profile Without providing us specific proof or these dates in question, we have no idea what they are talking about - and if it was an issue why would they not reach out to us Olympia, WA, MB The List is Bogus Numbers ,Or the number isn't correct and i got chewed out from a dr office for calling i told them its not my fault i said you need to call molina and get off this list! (Which won't be a problem, because I am dropping Molina.) If you do not live in these states, Molina Healthcare may not be an option for you. There is only ONE in the entire North Idaho that will take this insurance. They were economical and yet they provided full services and full coverage. I literally was on the phone for 2 hours and 23 minutes before I got someone to answer. But now, Molina says I can't get it filled at my regular neighborhood pharmacy, they've deemed it a 'specialty drug' so I have to get it from CVS Specialty. Their automated service is a nightmare and can't assist me. I finally was able to be put in queue to speak to a representative. When I actually went to my primary physician they told me that they dont take Molina! I waited on the phone for 20mins and it just hung up on me. I can't believe this company is in business. This is the worst health insurance company I have come across. When you go on their website, various parts don't work. It is a standard drug & was prescribed for an FDA-approved indication. However when I access the website it does not show payment received even though they have my money!!! It's going to take a week for this to get set up and delivered, so I'll be without the meds for a week!! Avoid Molina at all costs. Hattiesburg, MS, Glo Perez Easily the worst experience I have ever had with health insurance, and I once had to negotiate with three different health insurance companies at once for a relative who had a stroke in a foreign country. Feb 08, 2023 Molina Healthcare Reports Fourth Quarter and Year-End 2022 Financial Results. The PCP gave me a referral for a Gastroenterologist- no gastroenterologist's in the state of New Mexico will take Molina, NOT ONE. Research Molina Healthcare's (NYSE:MOH) stock price, latest news & stock analysis. Molina automatically rejects every claim. MHW Molina Fund - Molina Healthcare I received multiple bills over time that were erroneous. Dow Jones Newswires is a market-moving financial and business news source, I feel so sorry for your customer service having to deal with the computer mess you people have made but I bet you saved money. Many of our plans are accredited by NCQA, a nonprofit organization committed to improving the quality of health care. Molina Healthcare annual revenue for 2021 was $27.8B, a 42.98% growth from 2020 Molina Healthcare, Inc. has a market capitalization of US$9.3b, and total annual CEO compensation was reported as US$18m for the year to December 2019. However, he had paid April and had received an email confirmation receipt from Molina for said payment, as well as verified in his bank statement that the payment had been withdrawn. They don't care I'll be out of the meds for a week. I actually have had a great experience with Molina. As others have noted, they frequently are not. Nightmare to work with them. Shreveport, LA, Anna Miller I signed up in December and made my initial payment on December 11th. Molina Healthcare filed with the Securities and Exchange Commission for an initial stock offering in December 2002 and went public in July 2003 with a stock offering of $102 million. Boca Raton, FL, Orlando Cannot wait for open enrollment period to switch from Molina. Wylie, TX, Janeen Heller I told them I have both through Molina and they told me that was too bad. It's only mid Feb but I want out NOW. Coeur d'Alene, ID, Stephanie Santa Fe, NM, chey [36], Molina Healthcare entered the Medicare market in 2006. I pay my premium monthly on their website with no issues. I know this to be true as I have this. Since its inception in 2004, The Molina Foundation has worked with more than 2,500 organizations and schools towards this end, donating over 8 million books and hosting workshops and programs for educators and families. I have been forced to pay cash for all my doctors visits because I don't have time to deal with the constant denials. We're on a mission to empower consumers to make the best decisions and connect confidently with companies that My experience has been incredibly smooth and painless with Molina. Instead of telling you who is in network, you have to ask about each doctor you are interested in and have them tell you one by one, assuming the results are accurate or up to date. She switched my plan from BCBS back to Molina without my authorization, no contact with me whatsoever, using my SSN. He didn't receive ANY communication from Molina until June that there was an issue with the payment. One unique feature of Molina Healthcare's Medicaid health plans is their flexibility. Arlington, TX, Theresa Demaree Karma will get you in the long run as you STEAL from people who can't afford it and can't prove itIf only I could leave negatives on these numbers. We were completely blown off. Appeals for increased hours after receiving reductions in personal care attendant hours went completely ignored despite meeting the submission timelines. Your state not on the list? The Molina Foundation is a national nonprofit organization focused on reducing disparities in access to education and health. Spent numerous hours on the phone trying to figure our why in the middle of January I'm still getting bills for my old plan amount. For more detailed information about coverage and cost (premiums, deductible, copays, and out-of-pocket limit), interested people should contact Molina Healthcare directly. That differs from, say, the hospitals in the U.S. which are majority. In other words demanding control over whether you got medication you had to pay full price, for which they covered nothing. We use cookies on our website. I am giving 4 stars because I have a large claim in appeals. If I add up the monthly premium for the year its close to $2,400. I genuinely would have preferred to not have health insurance at all. Molina Healthcare Non-profit News Monitoring. Edited January 25, 2023, Diane Morales Would not recommend them to anyone under any circumstances. My dental is through another company and I have already received my card and status showing active. Through its locally operated health plans, Molina Healthcare served approximately 4.0 million members as of December 31, 2020. They cover all my medicines and one out of the formulary - for the PA my doctors had to submit letters, chart, etc. Speaking as a physician, I regard Molina as the WORST insurer I have ever dealt with. I found out medi-lynx was out of network from a medi-lynx representative that called Molina. There is a reason this company has such low reviews. Terms The California-based insurer has seen profits, while Humana and Aetna struggled. Available plans may also vary state to state. The Molina Foundation is a national nonprofit organization focused on reducing disparities in access to education and health. ABOUT | Pacific6 Enterprises Compared to Cigna that I had before, Molina is pretty awesome. Would leave zero stars if possible. One of their numbers listed online actually reaches Molina in California. Luckily I was still in the open enrollment period so I immediately switched to another health plan which was slightly more expensive. This has been the most miserable two years of my life, and Molina has made every step of recovering my health absolute hell. I have not been paid to provide this review. I called Molina Healthcare Gross Profit Margin (Quarterly): 13.57% for March 31, 2023. They provide a debit card that covers $500 for glasses, $3000 for dental care, $300 OTC a quarter as well as $170 for transportation to medical appointments. I have tried to change my address countless times, and the entire Make Changes button is just nonfunctional. Therefore I can't register a complaint makes you feel proud, I saw filed complaints with several other wonderful agencies online detailing the two hours of a nightmare which you have created be proud. It is only designed to extort money from the american people via the tax code and hand it over to "Healthcare" companies that Doctors do not accept! Hopefully it will work out. Mark I have no idea why people are criticizing this company. Providence, UT, Steven Baker They covered the entire cost of the surgery. 2015: Molina Healthcare adds online access to behavioral health. Molina Healthcare Inc: Locations - GlobalData A great example of service and caring. It operates through three reportable segments: Medicaid, Medicare, Marketplace, and Other. Im draining my savings after losing my job. Phone support is friendly and capable, but chronically understaffed. Not worth spending so much time to secure(maybe) a meager compensation. If a company has a Visit Site and/or phone number next I then called my case manager and did not hear back except for her to tell me that she had passed my case on to someone else. You also cannot get through the 800 number to get help. I will be reposting this on as many websites as I can find you give it is free advertising. No acknowledgment at all from Molina of even receiving my appeal letters despite delivery confirmation from the postal service. I had a Melanoma on my neck that needed urgent attention from a Dermatologist. I don't usually don't leave reviews on things like this, but I feel the need to now. Most recently, John served as Associate Vice President for Molina Healthcare, a Fortune 200 managed care organization . I have the cascade gold plan, and they quickly approved my disc replacement surgery. See our How We Rank page for more details. Upgrade now. Molina Healthcare, Inc.(NYSE: MOH) (the "Company") today reported third quarter of 2021 GAAP earnings per diluted share of $2.46and adjusted earnings per diluted share of $2.83. Neither one of them called me back until March 29th after I sent an email stating that I wanted out of their insurance and wanted to go back to what I had before. Las Vegas, NV, ekin sky I wanted to see an allergist and got denied because Molina said they would not work with that doctor even though that Dr takes our Molina Marketplace insurance. Maybe it's partly a reflection of a convoluted healthcare system in America, but I've never had this much difficulty finding a doctor with any other health insurance providers. Pay Range: $19.84 - $38.69 an hour*. I and the provider had to file grievances for the most basic and routine preventive services and screening. They dont realize that: 1) our son does not attend school full time, and 2) our son does get sick and stay home from school periodically. Their customer service is non-existent, and they can't track their own auto pay system- as my credit card was charged monthly, but Molina doesn't credit your account for months, then charge "reinstatement fees" for payments they received, but do not credit, for months. We regret the inconvenience and we are working hard to restore our systems. They told me that my PT wasn't being paid because his certification expired. Then I saw on their website that my husband's plan was not active but mine was. What's going to happen when I have a bigger claim? I get weaker every day and I'm unable to work. In total it took me 90 minutes to change my provider and now its after 5:00 pm PST and my provider is closed. That PA process took time, delaying me getting one prescription in particular so I'm almost out. Lied at time of signing stating that all my doctors were in network. [34] In its stock market debut, Molina sold 6.6 million shares at $20.30, making the company the third-best first day gainer of 2003. company's ranking on BestCompany.com is determined by the reviews of its consumers. So please do yourself a favor and stay away from Molina. Molina Healthcare has 10,500 employees, and the revenue per employee ratio is $3,045,142. Molina is a complete scam. DO NOT contract with Molina for health insurance! New cardiologist ordered a heart monitor for me on March 31st 2021. I'm looking at a bill now that says I owe money I paid 30 days ago. Mountlake Terrace, WA, Kathy Schnell I then said I would pay out of pocket just to get it done to which I was told, sorry but because you have Medicare and Medicaid, we are not able to take cash from you. The worst experience I've ever had to just find a primary care physician. I hope you have better luck than I did. The website provides a list of phone numbers specific to the regional offices. Some plans may require prior authorization or referrals for some medical services, like specialist visits. I can't imagine they would pay the claims if I have a medical issue. Its back, and people are paying thousands for some rare ones. Is Discontinuing Tomorrow. Youll sit on hold for hours trying to correct an issue on their part just to have the representatives hang up on you once you do get though before you can even finish explaining your situation. Molina Healthcare - Crunchbase Company Profile & Funding I was grateful for their coverage and professional handling of my healthcare coverage. Very frustrating. relationships and build investor experiences. They assigned me a random doctor for my PPO, I could change it until my health care coverage took effect on 1/1/2021. This CEO's Small Insurance Firm Mostly Turned A Profit Under Obamacare WRONG! to question us? It's a hard NO next year Molina.

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