Understanding who owns Wellcare is key for members, providers, and those exploring Medicare or Medicaid plans. Wellcare, a major player in government-sponsored healthcare, has a rich history and a clear ownership structure.
This article dives into Wellcare’s ownership, its parent company, and how it impacts services in 2025.
Let’s explore the story behind Wellcare and what it means for you.
Wellcare’s Origins and Mission
Wellcare began in 1985 in Tampa, Florida, as a Medicaid provider. Its mission is to deliver affordable, quality healthcare through government-sponsored programs. Over the years, it grew into a national leader in Medicare and Medicaid plans.
The company focuses on serving families, seniors, and individuals with complex needs. Wellcare’s plans include Medicare Advantage, Part D, and Medicaid options. Its commitment to accessible care drives its operations across the U.S.
Who Owns Wellcare?
Who owns Wellcare? Wellcare Health Plans, Inc. is a wholly owned subsidiary of Centene Corporation. Centene, a Fortune 100 company, acquired Wellcare in January 2020 for $17.3 billion. This merger made Centene one of the largest providers of government-sponsored healthcare.
Centene’s ownership allows Wellcare to operate in all 50 states. The company maintains its headquarters in Tampa, Florida, while Centene is based in St. Louis, Missouri. This structure supports Wellcare’s focus on local, community-based care.
Centene Corporation: The Parent Company
Centene Corporation is a multinational healthcare enterprise founded in 1984. It specializes in Medicaid, Medicare, and Health Insurance Marketplace plans. The acquisition of Wellcare expanded Centene’s reach to over 24 million members.
Centene’s mission aligns with Wellcare’s: transforming community health one person at a time. It emphasizes affordable, high-quality care for underserved populations. Centene’s resources enhance Wellcare’s ability to offer diverse plans.
History of Wellcare’s Ownership
Wellcare started as a small Medicaid provider in Florida. In 1992, cardiologist Kiran Patel bought the company, growing its reach. In 2002, Patel sold it to a New York investment group led by George Soros and Todd Farha.
In 2004, Wellcare went public on the NYSE, raising funds for expansion. The 2020 Centene acquisition marked a major shift, integrating Wellcare into a larger healthcare network. This history shapes Wellcare’s current operations.
Impact of Centene’s Acquisition
Centene’s $17.3 billion acquisition of Wellcare in 2020 was a game-changer. It created a healthcare giant serving 1 in 15 Americans. Wellcare’s Medicare and Medicaid expertise complemented Centene’s portfolio.
The merger unified brands like Allwell, Health Net, and Fidelis Care under Wellcare by 2022. It also boosted Centene’s revenue, reaching $29 billion in 2020. Members benefit from expanded plan options and enhanced services.
Wellcare’s Services Under Centene
Wellcare offers Medicare Advantage, Part D, and Medicaid plans. Its Medicare Advantage plans include dental, vision, and hearing benefits. Part D plans, like Wellcare Value Script, cover prescription drugs with low premiums.
Medicaid plans serve low-income families and individuals with chronic conditions. Wellcare’s OTC card, available in some plans, covers health and wellness items. Centene’s backing ensures a wide network of providers and pharmacies.
Wellcare’s Reach and Membership
Wellcare serves over 5.5 million members across all 50 states. Its Medicare Advantage plans cover 1.2 million members, while Part D plans serve 4.1 million. Medicaid plans support millions in states like Florida and New York.
In 2025, Wellcare operates in 36 states for Medicare Advantage. It exited six states—Alabama, Massachusetts, New Hampshire, New Mexico, Rhode Island, and Vermont—due to cost pressures. Part D plans remain available nationwide.
Key Acquisitions by Wellcare
Wellcare has grown through strategic acquisitions. In 2012, it acquired Easy Choice Health Plan in California. In 2013, it bought UnitedHealthcare’s South Carolina Medicaid business.
Other acquisitions include Aetna’s Medicare Part D business in 2018 and Meridian Health Plans in 2018. These moves expanded Wellcare’s membership and service offerings. Centene’s resources support further growth and integration.
Here’s a table of notable Wellcare acquisitions:
| Year | Acquisition | Impact |
|---|---|---|
| 2012 | Easy Choice Health Plan | Expanded presence in California |
| 2013 | UnitedHealthcare (SC Medicaid) | Strengthened Medicaid offerings |
| 2017 | Universal American | Boosted Medicare Advantage membership |
| 2018 | Meridian Health Plans | Added 1.1 million members in Midwest |
| 2018 | Aetna (Medicare Part D) | Grew Part D enrollment significantly |
Wellcare’s Performance and Ratings
Wellcare’s Medicare Part D plans average a 3.5 CMS star rating in 2025, above the industry’s 3.11. Its Medicare Advantage plans score 3.2 stars, below the 3.95 average. Four PFFS plans hold a strong 4-star rating.
The company excels in quality improvement and call center services. However, member satisfaction and coverage consistency need improvement. Centene’s investment in IT and services aims to address these gaps.
Challenges After the Acquisition
The Centene merger brought challenges. Integrating Wellcare’s systems and staff was complex, with some IT issues reported. Member complaints about coverage denials and customer service delays surfaced in reviews.
Wellcare’s exit from six states in 2025 affected 40,000 Medicare Advantage members. Rising Part D premiums, driven by the Inflation Reduction Act, pose cost concerns. Centene is working to streamline operations and enhance member experience.
Benefits for Members
Centene’s ownership brings scale to Wellcare’s offerings. Members enjoy access to over 66,000 pharmacies, including CVS and Walgreens. The Wellcare OTC card, available in select plans, covers items like vitamins and healthy foods.
The $2,000 Part D out-of-pocket cap in 2025 lowers costs. Wellcare’s Medication Therapy Management program offers personalized drug reviews. These benefits make healthcare more affordable and accessible.
Wellcare’s Community Impact
Wellcare, under Centene, prioritizes community health. It partners with local organizations to address social determinants like housing and nutrition. Programs like the OTC card for D-SNP members support low-income households.
The company’s focus on underserved populations aligns with Centene’s mission. Wellcare’s plans include telehealth, wellness programs, and in-home support. These efforts improve health outcomes for millions.
How Ownership Affects Plan Choices
Centene’s ownership expands Wellcare’s plan variety. Medicare Advantage plans offer extras like dental and vision. Part D plans, like Value Script, provide low-cost generics with $0 copays at preferred pharmacies.
Members should review plan details during the Annual Enrollment Period (October 15–December 7). Centene’s resources ensure competitive pricing and broad networks. Compare plans on Medicare.gov to find the best fit.
Customer Service and Support
Wellcare’s customer service is available at 1-855-256-4620 (TTY 711). The myWellcare portal and Healthy Benefits+ app help manage plans and track benefits. Support is offered in multiple languages, including Spanish and Chinese.
Some members report long wait times or inconsistent support. Centene is upgrading systems to improve responsiveness. Contacting support early can resolve issues like coverage disputes or card activation.
Why Wellcare’s Ownership Matters
Who owns Wellcare shapes its direction and services. Centene’s financial strength supports Wellcare’s growth and innovation. The merger enhanced Wellcare’s ability to serve diverse populations with tailored plans.
However, integration challenges and market exits highlight areas for improvement. Members benefit from Centene’s scale but should stay informed about plan changes. Wellcare remains a leader in affordable healthcare.
Summary
Who owns Wellcare? Wellcare Health Plans, Inc. is owned by Centene Corporation, which acquired it in January 2020 for $17.3 billion. Headquartered in Tampa, Florida, Wellcare serves over 5.5 million members with Medicare and Medicaid plans. Centene’s ownership expands Wellcare’s reach, offering benefits like the OTC card and a $2,000 Part D cost cap in 2025. Despite challenges like state exits and customer service issues, Wellcare’s plans remain affordable and accessible. Review your plan annually to ensure it meets your needs.
FAQ: Frequently Asked Questions
Who owns Wellcare in 2025?
Wellcare is owned by Centene Corporation, a Fortune 100 healthcare company. Centene acquired Wellcare in January 2020 for $17.3 billion. It operates Wellcare as a subsidiary focused on Medicare and Medicaid.
How does Centene’s ownership affect Wellcare?
Centene’s ownership expands Wellcare’s plan offerings and pharmacy network. It supports benefits like the OTC card and $2,000 Part D cap. Integration challenges may affect customer service and coverage.
What plans does Wellcare offer?
Wellcare offers Medicare Advantage, Part D, and Medicaid plans. These include HMO, PPO, and D-SNP options with benefits like dental, vision, and OTC allowances. Check your plan’s EOC for details.
Where does Wellcare operate in 2025?
Wellcare operates in 36 states for Medicare Advantage and all 50 states for Part D. It exited six states (Alabama, Massachusetts, New Hampshire, New Mexico, Rhode Island, Vermont) for Medicare Advantage. Use Medicare.gov to verify availability.
How can I contact Wellcare for support?
Call 1-855-256-4620 (TTY 711) or use the myWellcare portal. The Healthy Benefits+ app also offers support. Contact early for issues like coverage denials or card activation.