IHC Specialty Benefits, Inc. Well Positioned to Respond to Changes in U.S. Health Insurance Markets

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IHC Specialty Benefits is well positioned to accelerate its growth in 2017 and beyond if, as many expect, the administration of President-elect Donald Trump and the new Congress move swiftly to change health insurance markets in the United States.

IHC Specialty Benefits

Our indemnity, gap, and short-term medical plans are currently very popular, and we expect that our sales will accelerate as consumers and small business owners address the uncertainties surrounding reform of the Affordable Care Act.

In a statement today, IHC Specialty Benefits, Inc. (IHCSB), a member of The IHC Group, announced the company is confident that it is well positioned to accelerate its growth in 2017 and beyond if, as many expect, the administration of President-elect Donald Trump and the new Congress move swiftly to change health insurance markets in the United States.

David Kettig, Chief Executive Officer of IHC Specialty Benefits, commented, “While we certainly do not know all of the changes that the new administration will bring to healthcare financing, IHC Specialty Benefits today has the varied portfolio of group and individual specialty health products that consumers are seeking.

“Our indemnity, gap, and short-term medical plans are currently very popular, and we expect that our sales will accelerate as consumers and small business owners address the uncertainties surrounding reform of the Affordable Care Act. In addition, our distribution has asked The IHC Group to develop new products and to consider re-introducing major medical products if the reforms brought by the new administration create an environment in which we can do so profitably, ” he added.

The IHC Group recently enhanced its specialty benefit product mix by launching two new health insurance plans. Specifically, The IHC Group launched Care Access Plan, a hospital indemnity plan for individuals and families as well as Link, a new gap plan designed for employers who are looking to minimize employees’ financial exposure to high deductibles and out of pocket limits on health plans.

For more information about The IHC Group and its health product offerings, please contact Dave Keller at 952-746-6610 or Dave(dot)Keller(at)IHCGroup(dot)com.

About The IHC Group
Independence Holding Company (NYSE: IHC) is a holding company that is principally engaged in underwriting, administering and/or distributing group and individual disability, specialty and supplemental health, pet, and life insurance through its subsidiaries since 1980. The IHC Group owns three insurance companies (Standard Security Life Insurance Company of New York, Madison National Life Insurance Company, Inc. and Independence American Insurance Company) and IHC Specialty Benefits, Inc., which is a technology-driven insurance sales and marketing company that creates value for insurance producers, carriers and consumers (both individuals and small businesses) through a suite of proprietary tools and products (including ACA plans and small group medical stop-loss). All products are placed with highly rated carriers.

“IHC” and “The IHC Group” are the brand names for plans, products and services provided by one or more of the subsidiaries and affiliate member companies of The IHC Group (“IHC Entities”). Plans, products and services are solely and only provided by one or more IHC Entities specified on the plan, product or service contract, not The IHC Group. Not all plans, products and services are available in each state.

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Jeena Choi