2013-10-02 14:32:03 -
Eight Counties Added Across Arizona, California And Kentucky
Tampa, Fla. (Oct. 2, 2013) - WellCare Health Plans, Inc. (NYSE: WCG) announced
today that it has added eight new counties across three states to its 2014
Medicare Advantage service area. With the addition of these new counties,
WellCare will offer Medicare Advantage plans in 210 counties in 14 states. The
additional counties are in our newest Medicare Advantage markets in Arizona,
California and Kentucky.
When Medicare open enrollment begins, eligible seniors in Arizona's La Paz,
Maricopa and Pima counties; California's Fresno County; and Kentucky's Bullitt,
Carroll, Gallatin and Owen counties will now be able to select WellCare as their
Medicare Advantage plan. Medicare's open enrollment period begins on October 15
and ends on December 7.
Across the country, WellCare Medicare Advantage plans are
available to more than
17 million Medicare-eligible residents. As of June 30, 2013, WellCare serves
approximately 272,000 Medicare Advantage members nationwide.
"WellCare is singularly focused on serving our members day in and day out, and
we understand their special needs and challenges," said Rob Beck, vice
president, member operations. "We look forward to the opportunity to serve
beneficiaries in these new counties."
In addition to the expansion of its Medicare Advantage service area, WellCare
recently announced that it has agreed to acquire Windsor Health Group, Inc. from
Munich Re. Windsor currently offers Medicare Advantage plans primarily in
Mississippi, Tennessee, Arkansas and South Carolina. WellCare expects the
Windsor acquisition to close in the next three to four months, subject to
customary regulatory approvals. Windsor has been approved to serve 192 counties
in 2014. In addition, Windsor also offers stand-alone prescription drug plans in
various other counties across the country.
For information on becoming a WellCare member, or to learn more about the
company's plans and services, Arizona and Kentucky residents can call
1-866-765-4385 (TTY/TDD: 1-877-247-6272) and California residents can call
1-866-999-3945 (TTY/TDD: 1-800-735-2929).
About WellCare Health Plans, Inc.
WellCare Health Plans, Inc. provides managed care services targeted to
government-sponsored health care programs, focusing on Medicaid and Medicare.
Headquartered in Tampa, Florida, WellCare offers a variety of health plans for
families, children, and the aged, blind, and disabled, as well as prescription
drug plans. The company served approximately 2.8 million members nationwide as
of June 30, 2013. For more information about WellCare, please visit the
company's website at www.wellcare.com.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains "forward-looking" statements that are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Statements that are predictive in nature, that depend upon or refer to
future events or conditions, or that include words such as "expects,"
"anticipates," "intends," "plans," "believes,"
"estimates," and similar
expressions are forward-looking statements. For example, the statement regarding
the timing of the closing of the acquisition of Windsor Health Group, Inc. is a
forward-looking statement. Forward-looking statements involve known and unknown
risks and uncertainties that may cause WellCare's actual future results to
differ materially from those projected or contemplated in the forward-looking
statements. These risks and uncertainties include, but are not limited to, the
satisfaction of the closing conditions for the acquisition, the receipt of
regulatory approval for the acquisition, WellCare's progress on top priorities
such as improving health care quality and access, ensuring a competitive cost
position, and delivering prudent, profitable growth, WellCare's ability to
effectively manage growth, WellCare's ability to address operational challenges
relating to new business, WellCare's ability to effectively execute and
integrate acquisitions, potential reductions in Medicare revenue, including due
to sequestration and WellCare's ability to estimate and manage medical benefits
Additional information concerning these and other important risks and
uncertainties can be found under the captions "Forward-Looking Statements" and
"Risk Factors" in WellCare's Annual Report on Form 10-K for the year ended
December 31, 2012, and in WellCare's Quarterly Report on Form 10-Q for the
period ended June 30, 2013 and other subsequent filings by WellCare with the
U.S. Securities and Exchange Commission, which contain discussions of WellCare's
business and the various factors that may affect it. WellCare undertakes no duty
to update these forward-looking statements to reflect any future events,
developments, or otherwise.
WellCare Expands Its Medicare Advantage Service Area:
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: WellCare Health Plans, Inc. via Thomson Reuters ONE