# WellCare Health Plans

WellCare Health Plans is an Asset Manager based in Tampa, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Tampa, United States
- **Region:** North America
- **Address:** Tampa, FL, United States
- **Assets under management:** Undisclosed
- **Website:** wellcare.com

## Regulatory record

- **Reports private funds:** No

## About

Explore Medicare Advantage Plans through Wellcare, which offers affordable options with benefits you can't get with Original Medicare. Get started today.

## Questions

### Who owns WellCare Health Plans?

WellCare is a wholly owned subsidiary of Centene Corporation, a publicly traded managed care and health insurance company based in St. Louis, Missouri. Centene acquired the firm in January 2020 in a transaction valued at approximately $17 billion. WellCare operates within Centene’s Government Services segment.

### What insurance products does WellCare offer?

WellCare provides Medicare Advantage plans — including HMOs, PPOs, D-SNPs, and C-SNPs — as well as standalone Medicare Part D prescription drug plans. Its products are sold directly to individuals eligible for Medicare, largely through a network of independent insurance brokers. The firm’s product suite is built around government-funded healthcare, not commercial group insurance.

### Does WellCare manage investments for outside capital?

WellCare does not manage third-party capital or act as a limited partner in investment funds. The subsidiary holds no disclosed private equity, venture, or real estate portfolio. Any treasury and asset management functions are conducted at the parent level by Centene Corporation.

### How does WellCare's acquisition by Centene affect its operations?

The acquisition, finalized in January 2020, positioned WellCare as a distinct consumer brand within Centene's broad government-services platform. While its products remain marketed under the Wellcare name, back-office, treasury, and corporate governance functions are integrated into the publicly listed parent. The deal consolidated WellCare’s Medicare expertise with Centene’s existing Medicaid and marketplace footprint.

## Related profiles

- [Independent Financial](https://altss.com/profile/independent-financial)

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Last updated: 2026-06-03T20:00:00.000Z

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