[February 20, 2014]

Fitch Publishes Unrated Issuer Report on WellCare

Link to Fitch Ratings' Report: WellCare Health Plans, Inc.
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=732239

Fitch Ratings today published an Unrated Issuer Report (UIR) on WellCare Health Plans, Inc. (WellCare). UIRs provide analytical perspective and transparency on key issues that impact an organization's creditworthiness but without providing a credit rating or rating-like opinion.

In addition to highlighting what Fitch considers to be WellCare's main credit issues and trends, the report takes a closer look at:

--Rapid Growth.

A peer analysis and summary of market-based indicators round out the UIR.

UIRs are not solicited by the issuer, and Fitch receives no compensation from the issuer for the provision of an UIR. While an UIR is typically based primarily on public information, Fitch analysts may ask questions of an issuer's management while preparing an UIR. The level of management participation, if any, can vary significantly from case to case.

Additional information is available at 'www.fitchratings.com'.

For more information on Unrated Issuer Reports please go to: http://www.fitchratings.com/web_content/product/unrated_reports.pdf.

Applicable Criteria and Related Research:

--'WellCare Health Plans, Inc. Unrated Issuer Report' (February 2014);

--'2014 Outlook: U.S. Health Insurance and Managed Care (December 2013).

Applicable Criteria and Related Research:

2014 Outlook: U.S. Health Insurance and Managed Care (ACA to Increase Volumes but Reduce Margins)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=726477

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON (News - Alert) THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

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