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Business Description
WellPoint, Inc., through its subsidiaries, operates as a commercial health benefits company in the United States. It offers various network-based managed care plans to large and small employer, individual, Medicaid, and senior markets. The company?s managed care plans include preferred provider organizations, health maintenance organizations, point-of-service plans, traditional indemnity plans, and other hybrid plans, including consumer-driven health plans, hospital only, and limited benefit products. WellPoint also provides various managed care services comprising claims processing, underwriting, stop loss insurance, actuarial services, provider network access, medical cost management, disease management, wellness programs, and other administrative services. In addition, it offers specialty and other products and services, including pharmacy benefit management; specialty pharmacy; life and disability insurance benefits; dental, vision, and behavioral health benefits; radiology benefit management; analytics-driven personal health care guidance; and long-term care insurance and flexible spending accounts. Further, WellPoint serves as an intermediary providing administrative service for the Medicare program that offers coverage for persons, who are 65 or older and for persons who are disabled or with end-stage renal disease. It markets its products through a network of independent agents and brokers, as well as through in-house sales force. The company was formerly known as Anthem, Inc. and changed its name to WellPoint, Inc. in November 2004. WellPoint was founded in 1944 and is based in Indianapolis, Indiana.