Wellmark News

Wellmark Opts Out of South Dakota Health Insurance Marketplace

The largest private health insurer in South Dakota has opted to not sell plans through the federal marketplace during the open enrollment period that begins in November. Wellmark Blue Cross and Blue Shield says it will forgo participating in the …

Iowa Insurance Regulators Investigating Agency Accused of Overbilling

Iowa regulators are investigating an insurance agency accused of overbilling thousands of government employees for health care coverage. The Iowa Insurance Division is focused on Two Rivers Insurance Co. The agency had been acting as an independent agent selling insurance …

Iowa Insurer’s Cash Reserve Size Questioned

Two state senators want Iowa to investigate whether the state’s dominant health insurer really needs $1.3 billion in reserves. Sens. Jack Hatch and Matt McCoy, both Des Moines Democrats, are skeptical about Wellmark Blue Cross & Blue Shield‘s reserves because …

Iowa Commissioner: Wellmark May Increase Rates by 8.5%, not 10.8%

After completing a review of health insurer Wellmark’s November 2010 rate increase request, Iowa Insurance Commissioner Susan E. Voss has determined the company will not be allowed to raise individual health insurance policy base rates by 10.8 percent, as requested. …