Longevity Hlth Plan of FL Inc
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2019, 2020, 2021 and 2022. Fair overall results on stability tests (4.8) in spite of healthy premium and capital growth during 2022 but fair risk diversification due to the company's size and an excessive 51% enrollment growth during the period. Fair liquidity (4.8) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Good capitalization index (5.2) based on fair current risk-adjusted capital (severe loss scenario). Excellent quality investment portfolio (9.5) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
FL
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Longevity Health Founders LLC
Investment Rating
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Company Address
11770 U.S. Highway One
Palm Beach Gardens, FL 33408
Palm Beach Gardens, FL 33408
Phone Number
(561) 444-0710
NAIC Number
16567
Largest Affiliates