Wellmark

Wellmark

Health insurance services in Midwest

About Wellmark

Simplify's Rating
Why Wellmark is rated
C+
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Healthcare

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Des Moines, Iowa

Founded

1939

Overview

Wellmark offers health insurance services in Iowa and South Dakota, providing a range of plans for individuals, families, and employers, including Medicare Advantage options. The company collects premiums from members to cover medical claims and operational costs, while also offering additional services like health trend analysis for employers. Wellmark stands out from competitors with its commitment to customer satisfaction and inclusivity, as reflected in its perfect score in the Corporate Equality Index. The company's goal is to deliver comprehensive health coverage and adapt to emerging healthcare needs.

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Simplify's Take

What believers are saying

  • Wellmark's partnership with Evio addresses high-cost medications effectively.
  • Telehealth expansion offers Wellmark growth opportunities in remote healthcare solutions.
  • Value-based care models can reduce costs and improve care quality for Wellmark.

What critics are saying

  • Increased competition from digital health platforms may erode Wellmark's market share.
  • Rising healthcare costs could strain Wellmark's financial resources.
  • Direct-to-consumer telehealth services may reduce Wellmark's relevance in some segments.

What makes Wellmark unique

  • Wellmark offers specialized Medicare Advantage and Supplement Insurance options.
  • The company has a perfect score in the Corporate Equality Index.
  • Wellmark is recognized for its leadership in healthcare management.

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Benefits

Medical and prescription drug coverage

Dental coverage

Vision plan

Compensation: comprised of two components: base pay or annual salary, and potential pay from the Performance Incentive Program (PIP), awarded annually when financial and customer measures are successfully achieved.

Financial Benefits: competitive financial benefits through a generous 401(k) savings and investment plan.

Educational assistance

Pathways to Wellness incentives

Employee Assistance Program

Time off

Company News

PR Newswire
Mar 6th, 2025
Evio Pharmacy Solutions Announces Wellmark As Its Newest Health Plan Investor In Effort To Address High-Cost Medications

DENVER, March 6, 2025 /PRNewswire/ -- Evio Pharmacy Solutions proudly announces the addition of Wellmark Blue Cross and Blue Shield as its sixth investor and owner health plan. This new partnership is an exciting development for Evio as the company welcomes its first new investor since its establishment four years ago.Wellmark, a member-owned independent licensee of the Blue Cross Blue Shield Association, serves more than two million people in Iowa and South Dakota. Wellmark, known for its innovative approaches and commitment to making health care better, will further Evio's mission to deliver differentiated pharmacy care.Evio works with health plans to transform the medication experience for everyone: patients, providers, employers, and the pharmacy system at large. Utilizing real-world evidence analytics, innovative medication contracting models, and a suite of digital tools, Evio aims to ensure every patient can access the right medication for their unique situation, from the beginning, in a simple and affordable way."Our board and I are thrilled to welcome Wellmark to help drive our transformative agenda," said Hank Schlissberg, chief executive officer of Evio. "Having established a compelling vision, a phenomenal team, and a track record of measurable impact, Evio was open to new partners for the first time. When we evaluated potential additions, Wellmark quickly rose to the top

Link-Line
Apr 16th, 2024
KEEP IOWA BEAUTIFUL ANNOUNCES 2024 AWARDS

The Keep Iowa Beautiful Corporation Award goes to Wellmark for supporting community development efforts and collaboratively identifying challenges and opportunities for Iowa's rural communities.

Business Record
Dec 26th, 2023
Wellmark earns adoption-friendly workplace recognition

The Dave Thomas Foundation for Adoption recently recognized Wellmark as one of the 100 best adoption-friendly workplaces in the U.S.

CRST International
Nov 14th, 2023
Drivers: Open enrollment is here! Don't miss this window to Enroll in 2024 Benefits

Wellmark was named Top Insurance Company in three Best of the Best lists and earned a five-star rating from the Centers for Medicare & Medicaid Services (CMS) for health plans, which rates providers for quality.

Raccoon Valley Radio
Oct 6th, 2023
Community Care Center in Stuart Starts New Cardiac Program in Partnership with American Heart Association

Recently Community Care Center in Stuart partnered with the American Heart Association and Wellmark to host a new cardiac program.

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