|Exchange:||New York Stock Exchange|
|Stock:||WellCare Health Plans, Inc.|
|Wellcare Health Plans, Inc., a Delaware corporation was formed in May 2002. The Company provides managed care services to government-sponsored health care programs focusing on Medicaid and Medicare. It offers a variety of health plans for families, children, and the aged, blind and disabled, as well as prescription drug plans. As of December 31, 2012, the Company serves approximately 2.7 million members nationwide. The Company has three reportable operating segments namely Medicaid, Medicare Advantage and Prescription Drug Plans, which are within its two main business lines: Medicaid and Medicare. It operates Medicaid health plans in Florida, Georgia, Hawaii, Illinois, Kentucky, Missouri, New York and Ohio, its Medicare Advantage (MA)coordinated care plans (CCP) in California, Connecticut, Florida, Georgia, Hawaii, Illinois, Louisiana, Missouri, New Jersey, New York, Ohio and Texas and its stand-alone Medicare prescription drug plan in 49 states and the District of Columbia. Medicaid was established to provide medical assistance to low-income and disabled persons. It is state operated and implemented, although it is funded and regulated by both the state and federal governments. Medicare is a federal health insurance program that provides eligible persons age 65 and over, and some disabled persons, a variety of hospital, medical and prescription drug benefits. The Medicare Advantage segment consists of MA plans which comprise of CCPs. MA is Medicare’s managed care alternative to original Medicare, which provides individuals standard Medicare benefits directly through CMS. Prescription Drug Plans offers stand-alone Medicare Part D coverage to Medicare-eligible beneficiaries through its PDP segment. The Medicare Part D prescription drug benefit is supported by risk sharing with the federal government through risk corridors designed to limit the losses and gains of the drug plans and by reinsurance for catastrophic drug costs. The Company's health care operations are highly regulated by both state and federal government agencies.|
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