|WellCare(R) Classic Plan Offers Lowest Monthly Premium in Nevada for Medicare Part D Beneficiaries|
Prescription Drug Benefits Include $2 Generic Drugs and Low Brand Co-Pays Statewide
TAMPA, Fla., Nov. 16 /PRNewswire-FirstCall/ -- WellCare Health Plans, Inc. (NYSE: WCG) today announced that its Classic prescription drug plan (PDP) has the lowest monthly plan premium of all Medicare Part D plans offered in Nevada. WellCare's Classic plan provides Medicare Part D beneficiaries affordable access to prescription drugs including $2 generic drug co-pays. In addition to offering the lowest premium in Nevada, WellCare will also offer the plan at no premium for qualified Low-Income Subsidy (LIS) eligible members.
WellCare Classic, new for 2007, offers comprehensive prescription drug coverage for Medicare beneficiaries and may be an attractive option for those that are on a budget or do not currently have numerous prescriptions. The plan is designed for beneficiaries who want the security of having coverage under a national prescription drug plan and access to low-cost generics with a very low monthly plan premium. In addition to the Classic plan, WellCare will continue to offer Nevada beneficiaries its two most popular plans, Signature and Complete. These plans have no deductible, $0 generic drug co-pays, low monthly plan premiums and an extensive CMS-approved list of drugs.
The WellCare Classic plan will offer the following benefits in Nevada: -- $10.60 monthly plan premium, the lowest in the entire state -- $2 generic drug co-pays -- 35% co-pays on preferred and non-preferred brand drugs
"WellCare is pleased to provide Nevada residents affordable access to prescription drug coverage with the lowest priced monthly plan premium in the entire state," said Todd S. Farha, chairman and chief executive officer of WellCare. "The WellCare Classic Plan is new for 2007, and it was designed to provide our members with peace of mind at an affordable price. Nevadans eligible for Part D and considering enrollment in WellCare Classic can look forward to good benefits, great value and savings opportunities."
Medicare beneficiaries in Nevada may obtain more information now by calling WellCare at 888-547-5252 (TTY users call 888-816-5252) between 7 a.m. and 2 a.m. ET, seven days a week, or by visiting www.wellcarepdp.com. The information will include a user-friendly guide that simplifies the PDP program along with helpful tools such as a drug-cost savings worksheet, tips on selecting the best plan, a sample list of covered drugs and a partial list of WellCare's nationwide network of more than 60,000 participating pharmacies.
WellCare is one of the nation's largest Medicare Part D providers with more than 900,000 members nationally. Since January 2006, the company has provided Medicare beneficiaries in all 50 states with access to affordable prescription drugs.
Overview of the Medicare Prescription Drug Program
Medicare prescription drug coverage, also known as Medicare Part D, is a multi-billion dollar investment by the federal government to provide all Medicare beneficiaries with prescription drug coverage. The program was introduced in October 2005 and between November 15, 2005 and May 15, 2006, more than 39 million Medicare beneficiaries enrolled to receive prescription drug coverage through stand-alone prescription drug plans, Medicare Advantage plans and through their employer retiree benefits. Americans eligible for the program in 2007 can enroll in a PDP, such as WellCare's, between November 15 and December 31, 2006. Prescription drug coverage under these plans will begin on January 1, 2007.
Medicare beneficiaries who also qualify for Medicaid or qualify for low income subsidy assistance from the Centers for Medicare & Medicaid Services may be able to join WellCare's qualified plans and receive benefits for no monthly plan premium, no deductible, no coverage gap payments and lower drug co-pays.
About WellCare Health Plans, Inc.
WellCare Health Plans, Inc. provides managed care services targeted exclusively to government-sponsored healthcare programs, focusing on Medicaid and Medicare. Headquartered in Tampa, Florida, WellCare operates a variety of Medicaid and Medicare plans, including health plans for families, children, the aged, blind and disabled and prescription drug plans, currently serving over 2,165,000 members nationwide. For more information about WellCare, please visit the Company's website at http://www.wellcare.com .
SOURCE WellCare Health Plans, Inc. -0- 11/16/2006 /CONTACT: PR Contact, Andy Gerlt, CKPR, +1-312-616-6524, or firstname.lastname@example.org ; or IR Contact, Jeff Potter, WellCare Health Plans, Inc., +1-813-290-6313, or email@example.com / /Web site: http://www.wellcarepdp.com http://www.wellcare.com / (WCG) CO: WellCare Health Plans, Inc. ST: Florida, Nevada IN: HEA MTC INS SU: PDT CT-SH -- CGTH064 -- 3576 11/16/2006 16:18 EST http://www.prnewswire.com