Alamosa, Colorado-based Friday Health Plans, a healthcare management company supporting the current health insurance environment, has announced plans to lay off its entire Colorado workforce and end operations as the insolvent company enters receivership under the supervision of insurance regulators.
322 employees are impacted by the abrupt closure.
The company cited financial factors that were "not previously reasonably foreseeable" for its abrupt cessation of operations.
Friday Health is also now a member of the Colorado Guaranty Association, meaning that the association will protect providers and consumers with up to $500,000 for each insured if Friday cannot pay its claims.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?