WellCare to Continue Offering Medicare Part D Prescription Drug Plans to Illinois Medicare Recipients in 2008
Posted on: Monday, 1 October 2007, 12:00 CDT
WellCare Health Plans, Inc. (NYSE: WCG) today announced the results of its bid for participation in the national Medicare Part D prescription drug plan (PDP) in 2008. WellCare will continue offering Illinois Medicare beneficiaries two of its most popular plans. WellCare Signature and WellCare Classic both feature $0 generic drug co-pays and low premiums, as well as no premiums for individuals who are eligible for both Medicare and Medicaid.
"WellCare is pleased with its successful Medicare Part D bid results, and looks forward to continue serving the prescription drug needs for Medicare recipients in Illinois," said Todd Farha, chairman and chief executive officer of WellCare. "Both of WellCare's PDP plans offer our members $0 generic drugs -- a significant benefit to our seniors. We are optimistic that even more seniors will find our plans attractive in 2008."
As a result of a successful nationwide bid process, WellCare will continue offering its prescription drug plans in all 50 states and the District of Columbia. WellCare is one of the nation's largest Medicare Part D providers, with 971,000 members nationwide reported as of June 30, 2007.
Medicare beneficiaries may obtain more information about WellCare's Medicare Part D PDP plans by calling WellCare at 888-547-5252 (TTY users call 888-816-5252) between 7:00 a.m. and 2:00 a.m. ET, seven days a week, or by visiting www.wellcarepdp.com. The website includes information about the plans as well as a complete list of covered drugs and pharmacy network of 60,000 participating pharmacies.
Illinois Benefit Information
Benefits
Signature
Classic
Premium
$32.90
$29.90
Deductible
$0
$250 Brand Only
Generic Co-Pay
$0 co-pay
$0 co-pay
Preferred Brand Co-Pay
$45 co-pay
$35 co-pay
Coverage in the Gap
No
No
Initial Coverage Limit
$2,510
$2,510
About WellCare Health Plans, Inc.
WellCare Health Plans, Inc. provides managed care services exclusively for government-sponsored healthcare 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, and prescription drug plans, currently serving over 2.3 million members nationwide. For more information about WellCare, please visit the Company's website at www.wellcare.com.
Cautionary Statement Regarding Forward-Looking Statements
This 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. 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. Additional information concerning these and other important risks and uncertainties can be found under the captions "Cautionary Statement Regarding Forward-Looking Statements" and "Risk Factors" in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission in February 2007 which contains discussions of the Company's business and the various factors that may affect it.
Source: Business Wire
Related Articles
- Alere Medical Chooses HC Innovations, Inc. To Provide Care Management for Tufts Health Plan Medicare Preferred Members
- Statement By Mike Leavitt, Secretary of Health and Human Services, On the Nomination of Dr. Margaret Chan to the Post of Director-General of the World Health Organization
- Statement By Mike Leavitt Secretary of Health and Human Services
- Statement By Mike Leavitt Secretary of Health and Human Services Regarding Senate HELP Committee Action on Dr. Andrew Von Eschenbach To Be New FDA Commissioner
- CMS Provides Bid Approval to UAHC Health Plan's Medicare Advantage Proposal
- Bernanke Says Fed Policy Must Be Forward-looking
- 30 Million Medicare Beneficiaries Now Receiving Prescription Drug Coverage
- Nearly 24 Million Medicare Beneficiaries Now Have Prescription Drug Coverage
- Press Statement on Cutting Medicaid and Children's Health Care By Eileen M. Ouellette, MD, JD, American Academy of Pediatrics President
- WellCare Expands Medicare Coverage in Five Counties in New York, Connecticut, Florida and Louisiana
 |
 |
User Comments (0)
RSS Feeds