LifeWise Health Plan of WA
Major Rating Factors:
Weak profitability index (1.1 on a scale of 0 to 10) with 36.1 million in losses in the current year. Weak overall results on stability tests (1.1) based on inconsistent enrollment growth in the past five years due to declines in 2019 and 2022. Rating is significantly influenced by the acceptable financial results of PREMERA. Weak liquidity (0.1) as a spike in claims may stretch capacity.
Other Rating Factors:
Excellent overall capitalization (8.1) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent quality investment portfolio (8.4) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
WA
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
PREMERA
Investment Rating
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Company Address
7001 220th Street, SW
Mountlake Terrace, WA 98043
Mountlake Terrace, WA 98043
Phone Number
(425) 918-4000
NAIC Number
52633
Website
Largest Affiliates
