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Last $86.42 USD
Change Today +1.44 / 1.69%
Volume 434.4K
WCG On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

8725 Henderson Road

Renaissance One

Tampa, FL 33634

United States

Phone: 813-290-6200

Fax:

WellCare Health Plans, Inc. provides managed care services to government-sponsored health care coverage with a focus on Medicaid and Medicare programs. The company offers various managed care health plans for families, children, and the aged, blind and disabled, as well as prescription drug plans. As of December 31, 2014, the company served approximately 4.1 million members in 49 states and the District of Columbia. As of December 31, 2014, the company operated Medicaid health plans in Florida, Georgia, Hawaii, Illinois, Kentucky, Missouri, New Jersey, New York and South Carolina. In addition, the company offered Medicare Advantage (MA) coordinated care plans (CCPs) in certain counties in Arizona, Arkansas, California, Connecticut, Florida, Georgia, Hawaii, Illinois, Kentucky, Louisiana, Mississippi, Missouri, New Jersey, New York, Ohio, South Carolina, Tennessee and Texas. The company also offered stand-alone Medicare plans and prescription drug plans (PDPs) in 49 states and the District of Columbia. As of December 31, 2014, its Medicare plans are offered under the WellCare name, for which the company holds a federal trademark registration, with the exception of its Hawaii CCP, California CCP, and Arizona CCP, which the company offers under the names 'Ohana, Easy Choice and Desert Canyon Community Care, respectively. Additionally, through December 31, 2014, its Medicare plans in Arkansas, Mississippi, South Carolina and Tennessee attributable to the Windsor Health Group, Inc. (Windsor) acquisitions were offered under the Windsor name, and effective January 1, 2015, these plans were rebranded as WellCare MA plans. For its Medicaid plans, the company offers various brand names depending on the state, consisting of the Staywell and HealthEase brand names in Florida, the 'Ohana brand name in Hawaii, the Harmony brand name in Illinois, the Missouri Care brand name in Missouri and the WellCare brand name in Georgia, Kentucky, New Jersey, New York and South Carolina. Supplement products: As of December 31, 2014, Windsor offered MA plans in 192 counties in the states of Arkansas, Mississippi, South Carolina and Tennessee, through which it served 37,000 members. In addition, one of Windsor’s subsidiaries offers Medicare Supplement insurance policies through which it served 43,000 members in 39 states, as of December 31, 2014. Windsor also offers PDPs in 11 of the 34 Centers for Medicare & Medicaid Services (CMS) regions, through which it served approximately 103,000 beneficiaries, as of December 31, 2014. Segments The company manages its business with three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs. Medicaid Health Plans The Medicaid segment includes plans for beneficiaries of Temporary Assistance for Needy Families (TANF), Supplemental Security Income (SSI), Aged Blind and Disabled (ABD), Managed Long-Term Care (MLTC) programs and other state-based programs that are not part of the Medicaid program, such as Children's Health Insurance Program (CHIP). For purposes of its Medicaid segment, the company defines its customer as the state and related governmental agencies that have common control over the contracts under which the company operates in that particular state. In 2014, the company executed a contract with the Florida Agency for Health Care Administration (AHCA) to provide managed care services to Medicaid recipients in 8 of the state’s 11 regions as part of the state’s Managed Medical Assistance (MMA) program. These regions include the Jacksonville, Miami, Orlando, Tallahassee and Tampa metropolitan areas. The company served approximately 650,000 members in these regions, as of December 31, 2014. As of July 1, 2014, its New Jersey subsidiary completed the acquisition of Medicaid assets from Healthfirst Health Plan of New Jersey, Inc. (Healthfirst NJ), which primarily relate to approximately 42,000 Healthfirst Medicaid members who were transferred to its Medicaid plan in New Jersey, as well as certain provider agreements. As of July 1, 2014, the company offered Medicaid managed care in 10 counties in New Jersey. The company’s Medicaid plans provide its me

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