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WellCare Health Plans, Inc. (WCG)

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WellCare Health Plans, Inc.
8735 Henderson Road
Renaissance One
Tampa, FL 33634
United States - Map
Phone: 813-290-6200

Index Membership:N/A
Industry:Health Care Plans
Full Time Employees:5,200

Business Summary 

WellCare Health Plans, Inc. provides managed care services for government-sponsored health care programs in the United States. It operates in three segments: Medicaid, MA, and PDP. The company offers Medicaid plans, including plans for beneficiaries of Temporary Assistance for Needy Families (TANF) programs; Supplemental Security Income (SSI) programs; and Aged Blind and Disabled (ABD) programs; and other state-based programs, such as Children’s Health Insurance Program and Family Health Plus programs for qualifying families who are not eligible for Medicaid. The TANF program provides assistance to low-income families with children; and ABD and SSI programs provide assistance to low-income aged, blind, or disabled individuals. It also provides Medicare, a federal health insurance program; Medicare Advantage, a Medicare’s managed care alternative to original Medicare that provides individuals standard Medicare benefits directly through Centers for Medicare & Medicaid Services; and coordinated care plans, which are administered through health maintenance organizations and require members to seek health care services and select a primary care physician from a network of health care providers. In addition, the company provides prescription drug plans comprising Medicare Part D program that offers national in-network prescription drug coverage to Medicare-eligible beneficiaries. As of December 31, 2013, it served approximately 2.8 million members. WellCare Health Plans, Inc. was founded in 1985 and is headquartered in Tampa, Florida.

Key Statistics

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Corporate Governance 
WellCare Health Plans, Inc.’s ISS Governance QuickScore as of Aug 1, 2014 is 1. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 2; Compensation: 2.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. David J. Gallitano , 66
Chairman of The Board and Chief Exec. Officer
Mr. Thomas L. Tran , 57
Chief Financial Officer and Sr. VP
Ms. Lisa G. Iglesias , 48
Sr. VP, Gen. Counsel and Sec.
Mr. Blair W. Todt , 46
Chief Strategy & Devel. Officer and Sr. VP
Mr. Lawrence D. Anderson , 53
Chief HR Officer and Sr. VP
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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