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Quotes & Info
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| WCG > SEC Filings for WCG > Form 8-K on 23-Dec-2008 | All Recent SEC Filings |
23-Dec-2008
Entry into a Material Definitive Agreement
On December 17, 2008, WellCare Health Plans, Inc. (the "Registrant") received an executed Contract (#H2491) between the Centers for Medicare & Medicaid Services and WellCare Health Insurance of Arizona, Inc. ("WC AZ"), a wholly-owned subsidiary of the Registrant, pursuant to which WC AZ will offer Medicare Advantage coordinated care plans in Hawaii commencing January 1, 2009 for a one-year period. A copy of this contract is attached as Exhibit 10.1 to this Current Report on Form 8-K.
In addition, on December 18, 2008, the Registrant received an executed amendment no. 1 ("Amendment 1") to Contract No. C-022813 (the "CHPlus Contract") between the State of New York, acting by and through the New York State Department of Health, and WellCare of New York, Inc., a wholly-owned subsidiary of the Registrant ("WellCare NY"), pursuant to which WellCare NY participates in the New York State Child Health Plus program. Among other things, Amendment 1 to the CHPlus Contract increases the income eligibility levels for subsidized Child Health Plus enrollment from 250 percent of the non-farm federal poverty level to 400 percent of the non-farm federal poverty level, effective September 1, 2008. A copy of Amendment 1 is attached as Exhibit 10.2 to this Current Report on Form 8-K.
The foregoing descriptions do not purport to be a complete statement of the parties' rights and obligations under the above-described agreement or the above-described amendment. The above descriptions are qualified in their entirety by reference to the agreement and the amendment.
In the interest of providing interested parties with full access to its federal, state and county contracts, the Company has elected to file such contracts with the U.S. Securities and Exchange Commission. The Company does not believe that its business is substantially dependent on many of these contracts when each is taken individually.
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