Molina Healthcare wins Illinois Medicaid contract

Molina Healthcare, Inc. announced that the Illinois Department of Healthcare and Family Services intends to award a HealthChoice Illinois Medicaid Managed Care program contract to its subsidiary, Molina Healthcare of Illinois.

Rhea-AI Filing Summary

Molina Healthcare, Inc. announced that the Illinois Department of Healthcare and Family Services intends to award a HealthChoice Illinois Medicaid Managed Care program contract to its subsidiary, Molina Healthcare of Illinois. The planned go-live date is January 1, 2027.

The contract is expected to run for four-and-a-half years, with an option for the state to extend it by up to an additional five-and-a-half years. Molina Healthcare of Illinois will be one of six health plans serving roughly 3.1 million total Medicaid beneficiaries in Illinois.

The announcement is forward-looking and subject to risks, including possible protests or legal actions, delays to the start date, or a shorter contract term than anticipated.

Insights

Managed care and Medicaid policy analyst

Molina gains a significant Illinois Medicaid role, but award remains preliminary.

The disclosure shows that Illinois intends to award a HealthChoice Illinois Medicaid Managed Care contract to Molina Healthcare of Illinois. The contract would start on January 1, 2027, positioning Molina among six plans serving about 3.1 million Medicaid beneficiaries in the state.

The expected four-and-a-half-year base term, with an optional five-and-a-half-year extension, suggests a potentially long-running relationship, but the filing does not quantify revenue or margin impact. The safe harbor language highlights uncertainties such as successful protests, legal actions, delays, or a shorter-than-expected term.

The actual financial impact will depend on final contract execution, enrollment mix, and any implementation changes before the anticipated go-live date. Subsequent company filings or updates after January 1, 2027 would clarify realized membership levels and financial contribution from the Illinois Medicaid contract.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Go-live date: January 1, 2027 Initial contract term: 4.5 years Extension option: 5.5 years +2 more

5 metrics

Go-live date January 1, 2027 Expected start date for Illinois Medicaid Managed Care contract

Initial contract term 4.5 years Expected base duration of Illinois Medicaid contract

Extension option 5.5 years Maximum additional term at state’s discretion

Medicaid beneficiaries 3.1 million Rough total Medicaid beneficiaries in Illinois

Participating health plans 6 plans Number of plans offering coverage under HealthChoice Illinois

Key Terms

HealthChoice Illinois Medicaid Managed Care program contract, Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995, forward-looking statements, Medicaid beneficiaries, +1 more

5 terms

HealthChoice Illinois Medicaid Managed Care program contract financial

"intends to award a HealthChoice Illinois Medicaid Managed Care program contract to Molina’s Illinois health plan subsidiary"

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 regulatory

"Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking statements"

forward-looking statements regulatory

"This press release contains forward-looking statements regarding HFS’s selection of Molina Healthcare of Illinois"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Medicaid beneficiaries financial

"one of six health plans offering health care coverage to Illinois’s roughly 3.1 million total Medicaid beneficiaries"

People who receive health coverage through Medicaid, a government program that helps low-income individuals, children, elderly adults, and people with disabilities pay for medical care. For investors, the number and health needs of these beneficiaries affect demand for doctors, hospitals, nursing homes, pharmacies, and insurance plans, and influence reimbursement rates and revenue stability—think of Medicaid as a large, lower-cost customer group that shapes how healthcare businesses get paid.

Medicaid Managed Care financial

"HealthChoice Illinois Medicaid Managed Care program contract to Molina’s Illinois health plan subsidiary"

Medicaid managed care is a system where a state’s Medicaid program pays private health plans a fixed monthly fee to provide and coordinate care for enrolled beneficiaries, rather than reimbursing providers for each service. Investors care because it shifts financial risk and predictable revenue onto the health plans—similar to hiring a property manager who gets a set monthly amount to handle all repairs and services—affecting margins, cash flow, and membership growth.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Molina Healthcare (MOH) announce about the Illinois Medicaid contract?

Molina Healthcare announced that Illinois intends to award a HealthChoice Illinois Medicaid Managed Care program contract to Molina Healthcare of Illinois. This would place Molina among the plans providing coverage to the state’s Medicaid population, subject to finalization and potential challenges.

When is Molina Healthcare’s new Illinois Medicaid contract expected to start?

The new Illinois Medicaid Managed Care contract for Molina Healthcare of Illinois is expected to go live on January 1, 2027. This date is forward-looking and could change due to protests, legal actions, or other implementation delays mentioned in the disclosure.

How long could Molina Healthcare’s Illinois Medicaid contract last?

The contract is expected to run for four-and-a-half years initially, with an option for Illinois to extend it for up to an additional five-and-a-half years. The state controls whether to exercise the extension, so actual contract length may differ from the maximum potential duration.

How many Medicaid beneficiaries and plans are involved in HealthChoice Illinois?

Under HealthChoice Illinois, Molina Healthcare of Illinois will be one of six health plans offering coverage to roughly 3.1 million total Medicaid beneficiaries in the state. This underscores the scale of the program but does not specify how many members Molina itself might ultimately serve.

What risks did Molina Healthcare highlight regarding the Illinois Medicaid award?

Molina cited several risks, including the possibility of a successful protest or legal action, a delay to the contract’s start date, or a contract term shorter than expected. These uncertainties mean the announced intent may not translate into the anticipated long-term relationship.

Does the Molina Healthcare Illinois Medicaid announcement include financial details?

The announcement does not provide specific revenue or profit figures for the Illinois Medicaid contract. It focuses on the expected award, timing, contract duration, and scale of the Medicaid population, while financial impact details would need to come from future company disclosures.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/10/2026 - 04:20 PM Learn about SEC filing dates

false 0001179929 0001179929 2026-06-10 2026-06-10

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 10, 2026

MOLINA HEALTHCARE, INC.

(Exact name of registrant as specified in its charter)

Delaware	1-31719	13-4204626
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

200 Oceangate, Suite 100, Long Beach, California	90802
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (562) 435-3666

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 Par Value	MOH	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.

☐

Item 7.01. Regulation FD Disclosure.

On June 10, 2026, Molina Healthcare, Inc. (“Molina”) announced that the Illinois Department of Healthcare and Family Services (HFS) intends to award a HealthChoice Illinois Medicaid Managed Care program contract to Molina’s Illinois health plan subsidiary, Molina Healthcare of Illinois. The full text of the press release is included as Exhibit 99.1 to this report.

Note: The information in this Form 8-K and the exhibits attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01.    Financial Statements and Exhibits.

(d)     Exhibits:

Exhibit No.	Description
99.1	Press release of Molina Healthcare, Inc., issued June 10, 2026
104	Cover Page information from Molina Healthcare, Inc.’s Current Report on Form 8-K filed on June 10, 2026 formatted in iXBRL (Inline Extensible Business Reporting Language)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		MOLINA HEALTHCARE, INC.
Date:	June 10, 2026	By:	/s/ Jeff D. Barlow
			Jeff D. Barlow
			Chief Legal Officer and Secretary

Exhibit 99.1

NEWS RELEASE

Investor Contact: Jeff Geyer, Jeffrey.Geyer@molinahealthcare.com, 305-317-3012

Media Contact: Caroline Zubieta, Caroline.Zubieta@molinahealthcare.com, 562-542-1845

_________________________________________________________________

Molina Healthcare Wins Illinois Medicaid Contract

LONG BEACH, Calif., June 10, 2026 – Molina Healthcare, Inc. (NYSE: MOH) (“Molina”) announced today that the Illinois Department of Healthcare and Family Services (HFS) intends to award a HealthChoice Illinois Medicaid Managed Care program contract to Molina’s Illinois health plan subsidiary, Molina Healthcare of Illinois.

The go-live date for the new contract is expected to be January 1, 2027. The contract is expected to have a duration of four-and-a-half years, with the option to extend the contract up to an additional five-and-a-half years at the discretion of the state. Molina Healthcare of Illinois will be one of six health plans offering health care coverage to Illinois’s roughly 3.1 million total Medicaid beneficiaries.

About Molina Healthcare

Molina Healthcare, Inc., a FORTUNE 500 company, provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces. For more information about Molina Healthcare, please visit MolinaHealthcare.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking statements regarding HFS’s selection of Molina Healthcare of Illinois. All forward-looking statements are based on Molina’s current expectations that are subject to numerous risks and uncertainties that could cause actual results to differ materially. Such risks include, without limitation, a successful protest or legal action, a delay in the start date for the contract, or a contract term that is shorter than expected. Given these risks and uncertainties, Molina cannot give assurances that its forward-looking statements will prove to be accurate. Information regarding the other risk factors to which we are subject is provided in greater detail in our periodic reports and filings with the Securities and Exchange Commission (“SEC”), including our most recent Annual Report on Form 10-K. These reports can be accessed under the investor relations tab of our website or on the SEC’s website at sec.gov.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 5.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.3 KB