An applicant’s medical history will determine if additional medical information is needed. Typically, a phone interview is the first step in this process. Based on the disclosure on the application or the disclosure in the phone interview, we may request medical records. We make every effort to obtain these records in a timely manner; however, we are dependent upon the medical provider to cooperate in furnishing this information to us. The agent or applicant can contact the medical provider to urge action to expedite the process.

This is your authorization to allow IAC to bill your monthly premium through your employer (or association). IAC will be unable to bill your premium on a payroll deduction basis without your authorization.

To insure that the money will be applied to the correct applicant, we ask that separate checks be submitted for each application.

The money submitted with the application is placed in a special holding account until coverage is approved. If approved, this money is transferred from the special holding account and applied toward the first month’s premium. If not approved, the money in the special holding account is refunded directly to the primary applicant, less any non-refundable items.

The monthly premium is based on age, geographic area, gender, tobacco use, the plan and benefit options selected, and any appropriate fees. Premiums may then be adjusted based on the applicant’s health status and/or occupation.

In order for coverage to be issued, we must receive at least 85% of the required premium prior to initiating coverage.

As long as an underwriting determination can be made within sixty days from the date on which the application was signed, coverage may be issued with your requested effective date. You can assist us in our ability to make an underwriting decision within this time frame by timely meeting any requirement for the issuance of the policy, such as completing telephone interviews, or encouraging your physician to provide medical records if requested. If coverage cannot be issued within sixty days of the date the application was signed, a new fully completed and signed application and a date other than the original requested effective date might be required.

Yes, if the Optional Prescription Drug card is removed, the premium applicable to the drug coverage will be eliminated. However, if there is a separate distinct increase in premium for medical history, this will not be removed.

Specified Condition Waiver Riders do not expire. In most situations, they can be reviewed for possible removal after a minimum of 12 months provided the insured has not been seen or treated within the previous 12 months and complete medical records are submitted with the request.