Ritter Insurance Marketing, Craig Ritter

Greenville, South Carolina (SC) Based Medicare Advantage carrier, Guardian Healthcare, Files for Bankruptcy

Guardian had a large number of PFFS MA plans in SC and those members were disenrolled as of 1/1/2011.  The company grew very quickly and didn’t have the capital surplus to support it’s growth.  Here are some links to the news story:

From bankruptcyhome.com

From necn.com

Charleston Post & Courier

Posted by filed under 2010 MA Plans, 2011 MA Plans, Insurance Companies, South Carolina .

  • Alan

    I haven’t seen anything anywhere else about members being disenrolled. Can you reference that source?

    The Guardian website says that the plan is now backed by Stirling Insurance and will do business as usual. Guardian is not only doing business but they are doing it without a network of providers.

    Of course we agents would welcome an SEP for those folks.

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