Here is an article which covers the story.
Wellcare currently has approximately 110,000 members in its Private Fee for Service plans. Wellcare will continue to cover these members through December 31st, 2009. These members will have the option of electing another Medicare Advantage plan in their area during the Annual Election Period which runs from November 15th through December 31st, 2009.
If they elect another Medicare Advantage plan, it will be effective on January 1st, 2010. If they do not make an election, they will be automatically re-enrolled in original Medicare as of January 1st, 2010.
Those members with Prescription drug benefits in their Wellcare plan will need to elect a Stand Alone Part D plan (PDP) during the Annual Election Period in order to have coverage with a January 1st, 2010 effective date assuming they wish to return to Original Medicare and need Prescription coverage. If they are electing a Medicare Advantage plan, they can choose a plan which includes Prescription Drug benefits.
[...] on this back on April 4th, 2 more companies have made similar announcements. See Coventry and WellCare blog [...]