Independence American Insurance Company, Delaware(DE):Contacts, Claims, Services, Ratings, Benefits

Independence American Insurance Company is a health insurance company that is domiciled in Delaware and headquartered in New York.
Independence American Insurance Company is a health insurance company that is domiciled in Delaware and headquartered in New York.

Are you looking for a reliable and affordable insurance company in Delaware?

If so, you might want to consider Independence American Insurance Company, a company that provides various types of insurance products and services, mainly in the area of vision and pet insurance.

The company is a subsidiary of Industrial Alliance Insurance and Financial Services Inc., a Canadian life and health insurance company. In this article, we will review the company’s history, products, ratings, and more.

We will also compare the company with some of its competitors and provide some tips on how to choose the best insurance company for your needs.

Who Owns Independence American Insurance Company Delaware?

Independence American insurance company is owned by Industrial Alliance Insurance and Financial Services Inc., a Canadian life and health insurance company that operates under the brand name iA Financial Group.

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with over 125 years of history and over 4 million customers in Canada and the U.S. .

Independence American Insurance Company is part of the Geneve Group, a holding company that owns several insurance companies in the U.S., such as Madison National Life Insurance Company, Standard Security Life Insurance Company of New York, and Independence Holding Company.

The Geneve Group is also owned by iA Financial Group, which acquired it in 2015 for $152.5 million .

Independence American Insurance Company Delaware Phone Number

If you want to contact Independence American Insurance Company Delaware, you can use the following phone number: (254) 297-2777. This is the phone number of the company’s office in Waco, Texas, where the company is domiciled. You can also use the toll-free number: (800) 736-7311, which is the phone number of the company’s parent company, iA Financial Group.

Alternatively, you can use other methods of communication, such as email, fax, online portal, or social media. Here are some of the contact details of the company:

The Products and Services Offered by the Independence American Insurance Company

Independence American Insurance Company offers a range of insurance products and services, such as:

  • Vision insurance: This product covers eye exams, glasses, contacts, and other vision costs. It has different plans and options, based on coverage, network, and cost. It also has a vision discount program, with discounts on vision care and products from providers .
  • Pet insurance: This product covers vet costs, like accidents, illnesses, surgeries, meds, and preventive care. It has different plans and options, based on coverage, deductible, reimbursement, and cost. It also has a wellness plan, which covers routine and preventive care, like shots, dental cleaning, and flea and tick prevention.
  • Medicare Supplement: This product provides coverage for some of the out-of-pocket costs that are not covered by Medicare, such as deductibles, coinsurance, and copayments. The product has different plans and options, depending on the level of coverage, network, and cost. The product also has a prescription drug plan, which covers some of the costs of prescription drugs .
  • Short-term medical: This product provides temporary coverage for medical expenses, such as doctor visits, hospital stays, emergency room visits, and surgery. The product is designed for people who are between jobs, waiting for employer coverage, or ineligible for other health insurance. The product has different plans and options, depending on the level of coverage, deductible, coinsurance, and cost .
  • Hospital indemnity:This product pays a fixed amount for each hospital day, no matter the actual medical costs. The product helps with other health insurance or out-of-pocket costs that are not covered by other insurance. The product has different plans and options, based on coverage, benefit period, and cost.
  • Fixed indemnity limited benefit: This product pays a fixed amount for each covered service or event, no matter the actual medical costs. The product helps with other health insurance or out-of-pocket costs that are not covered by other insurance. The product has different plans and options, based on coverage, benefit period, and cost.
  • Group and individual dental: This product covers dental costs, like exams, cleanings, fillings, crowns, and implants. It has different plans and options, based on coverage, network, and cost. It also has a dental discount program, with discounts on dental care and products from providers.

Independence American Insurance Company benefits

  • Medicare Supplement: This product can help you pay for some of the health care costs that Original Medicare does not cover, such as copayments, coinsurance, and deductibles. It can also cover some services that Original Medicare does not, such as foreign travel emergency care.
  • Short-term medical: This product can provide you with temporary health insurance coverage for a limited period of time, such as when you are between jobs, waiting for employer coverage, or missed the open enrollment period. It can cover some of the essential health benefits, such as doctor visits, hospitalization, emergency care, and prescription drugs.
  • Hospital indemnity: This product can provide you with a fixed cash benefit for each day you are hospitalized due to a covered illness or injury. You can use the cash benefit to pay for any expenses you may have, such as deductibles, coinsurance, transportation, or household bills.
  • Fixed indemnity limited benefit: This product can provide you with a fixed cash benefit for each covered service you receive, such as doctor visits, lab tests, x-rays, or surgery. You can use the cash benefit to pay for any expenses you may have, such as deductibles, coinsurance, or out-of-pocket costs.
  • Group and individual dental: This product can provide you with dental insurance coverage for preventive, basic, and major services, such as exams, cleanings, fillings, crowns, and implants. It can also cover orthodontic services for children and adults.
  • Pet insurance: This product can provide you with coverage for your pet’s veterinary expenses, such as accidents, illnesses, surgeries, diagnostics, and medications. It can also cover preventive care, such as vaccinations, flea and tick treatments, and dental cleaning.

The Financial Strength and Ratings of the Independence American Insurance Company

  • A.M. Best: A- (Excellent), the fourth-highest rating out of 16 possible ratings. This rating indicates that the company has an excellent ability to meet its ongoing insurance obligations.
  • Standard & Poor’s: BBB+ (Good), the eighth-highest rating out of 21 possible ratings. This rating indicates that the company has a good capacity to meet its financial commitments, but is more vulnerable to adverse economic conditions or changing circumstances than higher-rated insurers.
  • Moody’s: Baa2 (Stable), the ninth-highest rating out of 21 possible ratings. This rating indicates that the company has a moderate capacity to meet its financial obligations, but is subject to moderate credit risk and may face challenges in adverse operating conditions.

Independence American Insurance Company claims

  • Claim process: Contact IAIC, provide information and documents, cooperate with adjuster, review and accept offer, receive payment.
  • Claim status: Call or email IAIC, or visit their website and fill out a form.
  • Required documents for claims: Policy number, personal information, other driver’s information, insurance policy numbers, photos of accident, police report, medical bills, repair estimates.
  • Average claim approval time: Varies depending on claim complexity, evidence availability, cooperation, and adjuster workload. Some customers report weeks, others report months or years.
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