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A premium dollar

We're passionate about being good stewards of your health care premium dollar. We work continuously to minimize unnecessary costs to maximize coverage for our members.

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Each premium dollar that Wellmark receives is used to pay for various expenses and are outlined here.

85.4¢ — Over 85% of premium dollars go to doctors, hospitals and pharmacists

10.1¢ — Administrative expenses

2.1¢ — Government fees and taxes

2.4¢ — Earnings from premiums

Source: Wellmark, Inc. 2015 - 2019 Fully Insured Business

Accreditation & ratings

We set and exceed the highest standards for our business and ourselves. Others agree.

NCQA Accredited Health Plan External Site

Wellmark Health Plan of Iowa, Inc. - Commendable status

Wellmark Blue Cross and Blue Shield of Iowa - Accredited status

Wellmark Blue Cross and Blue Shield of South Dakota - Accredited status

AM Best's Rating Report External Site
Wellmark, Inc.; Wellmark of South Dakota, Inc.; and Wellmark Health Plan of Iowa, Inc. are all rated "A" (Excellent) - View the A.M. Best Company report PDF File

Diversity and inclusion

We are all different. And we like that.

Recognizing, respecting, and maximizing our differences provides Wellmark a competitive advantage. The diversity of experience, ideas, cultures, and beliefs drives us to achieve and creates an environment of innovation, connectivity and commitment. Inclusion is part of our core values — vital to our business and long-term success.

Our CEO and Chairman John Forsyth has been nationally recognized for his commitment to diversity. Here’s what Mr. Forsyth says about inclusion at Wellmark:

"At Wellmark, diversity and inclusion are fundamental to who we are and what we do. Investing in an inclusive workforce and workplace garners innovation, connectivity, and commitment. Combining diversity with inclusion is essential to reaching our potential as a company.

We are all different, so recognizing, respecting, and maximizing these differences provides us a significant competitive advantage in the marketplace."

John D. Forsyth Chairman and Chief Executive Officer

Employees are invited to apply to serve on our Inclusion Council to lead organizational diversity and inclusion initiatives within our company and throughout our communities.

Wellmark received the following awards for diversity and inclusion in 2019 and 2020.

Diverseability Magazine best of the best 2020 logo
2020 Best Places to Work for LGBTQ Equality
Black EOE Journal Best of the Best 2019 logo
Professional Woman's Magazine best of the best 2019 logo
U.S. Veterans Magazine best of the best 2019 logo
Hispanic Network Magazine best of the best 2019 logo

Supplier diversity

Our success continues to depend on our ability to reduce costs, provide better service to our members, providers and stakeholders, and develop new products and services. Diverse suppliers play a key role in helping us achieve these goals.

Program requirements

The purpose of supplier diversity is to identify and encourage fair opportunities for qualified firms. Wellmark works to include a variety of vendors in every bidding opportunity, through direct business or subcontracting arrangements. Diverse classifications currently being tracked and supported by Wellmark include:

  • Minority business enterprises
  • Woman-owned business enterprises
  • Disabled-owned business enterprises
  • Historically underutilized business zones
  • Veteran-owned business
  • Disabled veteran-owned business
  • Small-disadvantaged business
  • Small business
  • Gay, lesbian, bisexual, transgender-owned businesses

Wellmark recognizes certifications granted by one or more of the following agencies:

  • National Minority Supplier Development Council (NMSDC)
  • Women's Business Enterprise National Council (WBENC)
  • Federal, state or local governmental agencies

All suppliers interested in doing business with Wellmark must submit a copy of their certification.

For more information

For details and to have your information on file with Wellmark, please complete this form PDF File or contact the supplier diversity coordinator at Send Email.