Get the Facts on Premiums
Health insurance premiums are what we pay each month for health insurance coverage. You trade the risk of a huge medical bill for the “sure thing” of a predictable, out of pocket costs. Your premiums work with other people's premiums to help reduce risk for everyone, even extra healthy people.
Members' Premiums Work Together
When you pay your monthly insurance premium, the money goes into a pool, which pays the medical expenses for everyone else in that pool. Their premiums also help pay your medical costs.
What Premiums Pay
More than 85 cents of every dollar Wellmark receives goes to doctors, hospitals and pharmacists. Out of that we also have to pay taxes and administrative costs — Wellmark's are among the lowest in the industry.