Attached files
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EX-10.1 - AMENDMENT 7 TO CONTRACT NO. 0654 BETWEEN THE GEORGIA DEPARTMENT OF COMMUNITY HEALTH AND WELLCARE OF GEORGIA, INC. - WELLCARE HEALTH PLANS, INC. | georgiaamendno7.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): October 23,
2009
WELLCARE
HEALTH PLANS, INC.
(Exact
name of registrant as specified in its charter)
Delaware
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001-32209
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47-0937650
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(State
or other jurisdiction
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(Commission
File Number)
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(IRS
Employer
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of
incorporation)
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Identification
No.)
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8735
Henderson Road, Renaissance One
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Tampa,
Florida
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33634
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
(813) 290-6200
Not
Applicable
(Former
name or former address, if changed since last report.)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01 Entry into a Material
Definitive Agreement
On
October 23, 2009, WellCare Health Plans, Inc. (“WellCare”)
received an executed Amendment #7 (“Amendment
#7”) to Contract No. 0654 (“Contract No.
0654”) between the Georgia Department of Community Health (“DCH”) and
WellCare of Georgia, Inc. (“WCGA”), a
wholly-owned subsidiary of WellCare.
Amendment
#7 revises the rates payable by DCH to WCGA for providing managed care plans to
eligible beneficiaries of Georgia’s Medicaid and PeachCare for Kids
programs. WellCare anticipates that the amendment will result in an
overall increase in premium rates of approximately 3% for the period July 1,
2009 through June 30, 2010. Actual individual premium rates will vary
based on the member’s geographic location and rate cell classification. The rate
increase is due primarily to an anticipated upward medical cost trend but it
also assumes continuing management of medical costs.
The
foregoing description does not purport to be a complete description of the
parties’ rights and obligations under Amendment #7. The above
description is qualified in its entirety by reference to Amendment #7, a copy of
which is attached as Exhibit 10.1 to this Current Report on Form 8-K and
incorporated herein by reference.
Item
9.01 Financial Statements and
Exhibits.
(d) Exhibits.
The
following exhibits are filed as part of this report:
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: October
29, 2009
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WELLCARE
HEALTH PLANS, INC.
/s/ Heath
Schiesser
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Heath
Schiesser
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President
and Chief Executive Officer
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Exhibit No.
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Description
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