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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.

85.6¢ — Over 85% of premium dollars go to doctors, hospitals and pharmacists

1.4¢ — Government fees and taxes

10.8¢ — Administrative expenses

2.2¢ — Earnings from premiums

Source: Wellmark, Inc. 2010 - 2015 Fully Insured Business1

1 The Benefit Expense Ratio reported here varies from the Medical Loss Ratio (MLR) calculation prepared for rebate purposes as outlined in the Patient Protection and Affordable Care Act.

Accreditations & Ratings

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

URAC site. Link leaves the site and opens a new window.
Accredited Health Utilization Management
NCQA site. Link leaves the site and opens a new window.
Health Plan Commendable Accreditation
AM Best site. Link leaves the site and opens a new window.
A.M. Best Company
Wellmark, Inc.; Wellmark of South Dakota, Inc.; and Wellmark Health Plan of Iowa, Inc. are all rated "A" (Excellent) - External Url View the report.

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.

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