WellPoint Inc is an Indiana corporation incorporated on July 17, 2001. WellPoint is a health benefits company in terms of commercial membership in the United States, 35.7 million medical members. The Company offers a spectrum of netw...ork-based managed care plans to the large and small employer, individual, Medicaid and senior markets. Its managed care plans include preferred provider organizations, or PPOs; health maintenance organizations, or HMOs; point-of-service plans, or POS plans; traditional indemnity plans and other hybrid plans, including consumer-driven health plans, or CDHPs; and hospital only and limited benefit products. In addition, The Company provides a managed care services to self-funded customers, including claims processing, underwriting, stop loss insurance, actuarial services, p...rovider network access, medical cost management, disease management, wellness programs and other administrative services. It also provides various specialty products and services including life and disability insurance benefits, dental, vision, behavioral health benefit services, radiology benefit management, analytics-driven personal health care guidance and long-term care insurance. Finally, the Company provides services to the Federal Government in connection with the Federal Employee Program, or FEP, and various Medicare programs. The Company is licensed to conduct insurance operations in all 50 states through its subsidiaries. The Company manages its operations through three reportable segments namely Commercial; Consumer; and Other. Commercial and Consumer segments both offer a mix of managed care products, including PPOs, HMOs, traditional indemnity benefits and POS plans, as well as a variety of hybrid benefit plans, including CDHPs, hospital only and limited benefit products. Commercial segment includes Local Group (National Accounts and certain other ancillary business operations (dental, vision, life and disability and workers’ compensation). Business units in the Commercial segment offer fully-insured products and provide an array of managed care services to self-funded customers, including claims processing, underwriting, stop loss insurance, actuarial services, provider network access, medical cost management, disease management, wellness programs and other administrative services. Consumer segment includes senior, State-Sponsored and Individual business. Senior business includes services such as Medicare Advantage (including private fee-for-service plans and special needs plans), Medicare Part D, and Medicare Supplement, while State-Sponsored business includes its managed care alternatives for Medicaid and State Children’s Health Insurance Plan programs. Individual business includes individual customers under age 65 and their covered dependents. Products for National Accounts and Local Group customers with a larger employee base are generally sold through independent brokers or consultants retained by the customer and working with industry specialists from its in-house sales force. The managed care industry is highly competitive, both nationally and in its regional markets. The Company competes with other health benefits plans for the contracts with hospitals, physicians and other providers. The Company’s operations are subject to state, federal and international regulation throughout the jurisdictions in which it does business.