Universal American Corp. (Universal American) offers a range of health insurance and managed care products and services, primarily to the senior population. The Company's principal health insurance products for the senior market are Medicare Advantage, insured stand-alone prescription drug benefit plans pursuant to Medicare Part D, and Medicare supplement. Universal American also provides administrative services for senior market insurance and non-insurance programs to both affiliated and unaffiliated insurance companies and prescription benefit management (PBM) services to 17 state pharmacy assistance programs (SPAPs), and offers PBM services and drug discount card programs through a number of group contracts. Collectively, the Company's insurance subsidiaries are licensed or otherwise authorized to sell health insurance, life insurance and annuities in all 50 states, the District of Columbia, and Puerto Rico, as well as some United States territories.
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