WellCare Expands Its Medicare Advantage Service Area
Tampa, FL (PRWEB) October 02, 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 http://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 effectively.
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.
Marq Caughell - Media Relations, WellCare Health Plans, Inc., https://www.wellcare.com/, +1 813-206-3956, [email protected]
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