July 13, 2007: 11:57 AM EST

RYE BROOK, N.Y., July 13, 2007 (PRIME NEWSWIRE) -- Universal American Financial Corp. (Nasdaq:UHCO) announced today that it will issue its financial results for the second quarter ended June 30, 2007 after the close of the stock market on Thursday, August 2, 2007.

Universal American's management will host a conference call at 9:30 am Eastern Daylight Time on Friday, August 3, 2007 to discuss financial results and recent corporate developments. Interested parties may participate in the call by dialing 706-679-0770. Please call in 10 minutes before the conference is scheduled to begin and ask for the Universal American call. To listen to a live webcast of the call, please go to the Company's website at www.uafc.com at least 15 minutes early to download and install any necessary audio software. If you are unable to listen live, the conference call webcast will be archived.

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.

CONTACT: Universal American Financial Corp.
         Robert A. Waegelein, Executive Vice President and
           Chief Financial Officer
         (914) 934-8820
         The Equity Group Inc.
         Investor Relations Counsel
         Linda Latman
           (212) 836-9618
         Lena Cati
          (212) 836-9611
         www.theequitygroup.com