Consolidated Health Plans

What Consolidated Health Plans does

Consolidated Health Plans, operating commercially as Wellfleet, is a specialty accident and health insurance company and a subsidiary of Berkshire Hathaway, headquartered in Springfield, Massachusetts. The company was founded in 1993 and was acquired by Berkshire Hathaway and subsequently rebranded under the Wellfleet name. It operates through three legal entities — Wellfleet Insurance Company, Wellfleet New York Insurance Company, and Wellfleet Group, LLC (doing business as Wellfleet Administrators in California) — to underwrite insurance and provide administrative services across multiple U.S. jurisdictions.

The company is organized around four core product lines: Wellfleet Student (student health, accident, international student, and stop loss coverage for colleges and universities), Wellfleet Workplace (supplemental benefits including critical illness, accident, hospital indemnity, and short-term disability for employers), Wellfleet Special Risk (participant accident coverage for K-12 schools, amateur sports, camps, daycares, volunteers, and business travel), and Wellfleet Rx (a pharmacy benefit management solution positioned as exclusive to the college student population). The underlying technology is an insurance administrative platform and claims management system purpose-built for student health and specialty insurance products.

Wellfleet generates revenue through recurring insurance premiums collected via institutional B2B distribution channels, with pricing conducted on a quote-based, annual subscription model customized by organization type, risk profile, and coverage selections. Its primary customer segments are colleges and universities and their enrolled students, with secondary segments including K-12 schools, camps, daycares, employers, and volunteer organizations. Distribution is entirely direct-to-institution through specialized sales teams organized by product vertical, supplemented by dedicated product-line websites serving as marketing and lead generation channels.

Name

Consolidated Health Plans

Legal name

Consolidated Health Plans

Website

https://consolidatedhealthplan.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Short description

Consolidated Health Plans, operating as Wellfleet, is a Berkshire Hathaway subsidiary that underwrites student health, workplace supplemental, special risk, and pharmacy benefit insurance distributed through B2B institutional channels serving colleges, K-12 schools, employers, camps, and daycares across the United States.

Ownership category

akta.pro rank

Product category

Accident and Health Insurance

NAICS

Direct Health and Medical Insurance Carriers (524114), Direct Life, Health, and Medical Insurance Carriers (52411), Health and Welfare Funds (525120)

SIC

Accident & Health Insurance (6321), Hospital & Medical Service Plans (6324), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Student Health Insurance Plans (University-Sponsored) (FSAIAFAI)

akta.pro secondary industries

Large Group Health Insurance (Mid-Market & National Accounts) (FSAIAFAE), Level-Funded Group Health Plans (FSAIAFAC), Public Sector & Government Employer Group Health Plans (FSAIAFAF)

Keywords

• Student health insurance
• Accident insurance
• Supplemental benefits
• Specialty insurance
• Pharmacy benefits

Headquarters

HQ city

Springfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Student Health Insurance Premiums: Recurring insurance premiums collected from colleges and universities for student health coverage, including Student Health, Accident, ICS, and Stop Loss products
2. Workplace Benefits Insurance: Critical Illness, Accident, Hospital Indemnity, and Short Term Disability insurance products sold to employers and offered to employees as voluntary or employer-sponsored benefits
3. Special Risk/Participant Accident Coverage: Insurance coverage for amateur sports, camps, K-12 schools, daycares, volunteers, and special groups including international medical and business travel insurance
4. Pharmacy Benefit Management: Pharmacy solution exclusively for college students, providing prescription drug coverage as part of student health plans

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Consolidated Health Plans (operating as Wellfleet) designs, underwrites, and administers specialty accident and health insurance products for institutions and affiliated groups. Its core offerings include student health insurance plans for colleges and universities, supplemental workplace/voluntary benefits, special-risk and participant accident coverage for camps, schools, athletic programs, daycare, volunteers, and other special groups, and a dedicated pharmacy benefit solution (Wellfleet Rx) tailored to the college student market.

Product overview

Wellfleet is an accident and health insurance company (formerly Consolidated Health Plans) operating as a platform-plus-products architecture. The company offers four core product lines: Wellfleet Student (college health insurance), Wellfleet Workplace (supplemental benefits including Critical Illness, Accident, Hospital Indemnity, and Short Term Disability), Wellfleet Special Risk (Participant Accident coverage for various sectors including K-12, amateur sports, camps, daycare, volunteers, and business travel), and Wellfleet Rx (pharmacy solution exclusively for college students). Wellfleet is a Berkshire Hathaway company.

Differentiator

Problem solved

Functional benefit

Brands

• Wellfleet Student: Student health insurance solutions for colleges and universities, including Student Health, Accident, ICS, Stop Loss and more.
• Wellfleet Workplace
• Wellfleet Special Risk
• Wellfleet Rx

Products and services

• Wellfleet Student Health Insurance Group student health insurance plans for colleges and universities, providing medical coverage for enrolled undergraduate and graduate students (including international and study-abroad students), underwritten and administered on an institutional basis.
• Wellfleet Workplace Supplemental Benefits Voluntary and employer-paid supplemental accident, hospital indemnity, and related health benefits offered to employer groups (and through worksite brokers/consultants) to complement major medical coverage.
• Wellfleet Special Risk Insurance Participant accident and special-risk insurance covering injuries sustained during organized activities such as amateur sports, camps and clinics, daycare, K-12 programs, and volunteer or special group events, typically structured as group/seasonal policies for the sponsoring organization.
• Wellfleet Rx Student Pharmacy Solution Pharmacy benefit management and network solution tailored to the college student market, providing prescription drug coverage and a pharmacy network as part of the student health insurance offering.

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• UnitedHealthcare Student Resources: The student health insurance arm of UnitedHealth Group, the largest US health insurer. It is the most direct competitor to Wellfleet Student, offering comparable college-sponsored health plans with national scale and broader provider networks.
• Aetna Student Health: CVS Health-owned student health plan administrator serving colleges and universities nationwide. Directly competes with Wellfleet in the same institutional RFP process and offers similar mandated student health insurance products.
• AFLAC: Market leader in supplemental insurance products including accident, critical illness, and hospital indemnity — the same product categories offered through Wellfleet Workplace. Competes for employer-sponsored voluntary benefits.
• Unum Group: Major provider of disability, accident, and supplemental health benefits sold through employer channels. Overlaps with Wellfleet Workplace's Short Term Disability, Accident, and Critical Illness product lines in the same employer distribution motion.
• Markel Group: Specialty insurer with strong participant accident and special risk capabilities for camps, schools, amateur sports, and youth-focused organizations. Directly comparable to Wellfleet Special Risk across similar institutional customer segments.
• GeoBlue: Specialist in international student and scholar health insurance with global provider networks. Directly competes with Wellfleet's International Student (ICS) coverage in the same university and study-abroad procurement channel.

Broad incumbents

• Cigna Group: Global health services company offering commercial, international, and supplemental health products. Overlaps with Wellfleet in the international student (ICS) and supplemental workplace benefit categories as part of a much broader portfolio.
• Chubb: Large global property & casualty and accident & health insurer with a meaningful special risk and accident book. Overlaps with Wellfleet Special Risk in K-12, camps, and business travel accident coverage as part of a much broader portfolio.
• Elevance Health (Anthem): Major Blue Cross and Blue Shield licensee offering commercial, individual, and specialty health products. Several BCBS plans compete in student health and supplemental benefits markets, often through state-level licensed entities.
• CVS Health (Aetna): Parent of Aetna Student Health and Caremark PBM, providing a vertically integrated health, pharmacy, and retail platform. Relevant as a competitor to both the student health and Wellfleet Rx pharmacy lines, with significant scale advantages.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/wellfleetins
• Facebookfacebook.com/consolidatedhealthplans
• LinkedInlinkedin.com/company/consolidated-health-plans
• Instagraminstagram.com/wellfleetinsurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Consolidated Health Plans