Wellmark Advantage Hlth Plan
Major Rating Factors:
Weak profitability index (0.0 on a scale of 0 to 10) with 0.0 million in losses in the last two years. Weak overall results on stability tests (0.5) based on excessive premium growth during 2022. Rating is significantly influenced by the strong financial results of Blue Cross Blue Shield of Michigan Mutual Ins Co. Excellent liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall capitalization (8.0) based on good current risk-adjusted capital (severe loss scenario). Excellent quality investment portfolio (9.4) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
IA, SD
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Blue Cross Blue Shield of Michigan Mutual Ins Co
Investment Rating
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Company Address
1331 Grand Avenue
Des Moines, IA 50309
Des Moines, IA 50309
Phone Number
(515) 376-4500
NAIC Number
17001
Website
Largest Affiliates
