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Friday Health Plans has grown incredibly quickly, which is a testament to the strength of our mission of delivering affordability, simplicity, and outstanding customer service. Unfortunately, Friday has been unable to scale our financial infrastructure to match the pace of our growth and secure the additional capital required to run our business.
In collaboration with the Nevada Insurance Commissioner Scott Kipper, Friday Health Plans has consented to the receivership, allowing the Commissioner as receiver to assume day-to-day oversight and financial review of Friday Health Plans.
Policyholders’ contracts will remain in effect, and members will need to continue to pay their premiums per the terms of their policies to ensure no disruption to their coverage. The Commissioner, through an appointed special deputy receiver, will communicate with policyholders during the receivership process. In the meantime, Friday Health Plans will continue to serve our members, brokers, and providers.