UHCO Universal American Financial (MM)

Universal American Financial Corp. (NASDAQ: UHCO) announced today that it has received approval from the Centers for Medicare and Medicaid Services ("CMS") to resume marketing its Medicare Advantage Private Fee-for-Service (�PFFS�) plans pending training of its broker and agent force. As of June 23, 2007, the company voluntarily suspended marketing its individual PFFS plans while it implemented all of the new marketing requirements that CMS had recently announced. The company has now demonstrated to CMS that it meets these new requirements and that it has the appropriate procedures in place for training and monitoring the sales practices of its extensive network of career agents and independent brokers to safeguard the interests of Medicare beneficiaries. In accordance with CMS guidance, all of our agents and brokers will be re-trained and certified to market our 2007 PFFS plans. Since the extended open enrollment period for 2007 has ended, PFFS enrollments will be limited for the balance of 2007 to people becoming newly eligible for Medicare and certain other limited categories. In addition, the company will move forward with training and certification of its agents and brokers for the 2008 open enrollment period which begins on October 1, 2007. Richard A. Barasch, Chairman and CEO, said, "We are gratified that we were able to work quickly with CMS to demonstrate our compliance with the enhanced marketing and sales requirements that will further protect Medicare beneficiaries. PFFS has become a popular product because it offers an affordable package of attractive benefits to Medicare beneficiaries. We are committed to making sure that this valuable coverage is offered in an appropriate manner." About Universal American Financial Corp. Universal American Financial Corp. is a specialty health and life insurance holding company. Through our family of companies, we offer a broad array of health insurance and managed care products and services, primarily to the growing senior population. Universal American is included in the NASDAQ Financial-100 Index, the Russell 2000 Index and the Russell 3000 Index. For more information on Universal American, please visit our website at www.uafc.com. Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although Universal American believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond Universal American�s ability to control or predict. Important factors that may cause actual results to differ materially and could impact Universal American and the statements contained in this news release can be found in Universal American�s filings with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, current reports on Form 8-K and annual reports on Form 10-K. For forward-looking statements in this news release, Universal American claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Universal American assumes no obligation to update or supplement any forward-looking statements, whether as a result of new information, future events or otherwise.