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About American Republic Insurance Company
American Republic was founded in Des Moines, Iowa in 1929 to provide affordable health and accident insurance products. Having survived the Depression, the company began expansion into other states in 1945, starting with Minnesota and eventually moving across the country.
In 1999, the company restructured to form a mutual holding company, American Republic Mutual Holding Company. All of the existing policyholders became members of the new company, with the insurance company as a subsidiary. In 2004 the company formed a partnership with World Insurance, and after some shuffling and name changing, American Republic Corp Insurance company became a wholly owned subsidiary of the main American Republic. The two companies offer a range of products in most states.
Today American Republic writes individual and family health insurance plans, plans for small business owners, whole life, convalescent care, and Medicare Supplement coverage. They remain headquartered in Des Moines, although they are licensed in all states with the exception of New York. The plans they offer vary by state, and products are sold through independent agents.
The Medicare Supplement plans offered by American Republic are different from state to state. Since the company does not offer these plans in our usual comparison state, California, we chose American Republic’s home state of Iowa to gather plan information.
The website lists only Plan F specifically, but states that to get more information on other plans, visitors should contact an agent. There is no comprehensive listing of available plans, and to see what is available in other states requires re-entering location information into the system. After some digging through the website, we were able to locate a comparison chart for all of the standard Medicare plans, although there is still no indication of which plans are available in which state.
Plan F is generally the most expensive of Medicare Supplement plans. It also offers the most coverage, paying for all coinsurance and deductibles and also offering foreign travel emergency coverage. There is a high deductible version of Plan F as well that generally has lower rates, but there is no indication on the American Republic site as to whether or not they offer this option.
Since all insurance companies selling Medicare Supplement are required to offer the most basic choice, Plan A, we can safely assume American Republic offers it, but can’t guess as to what other plans may be available. The offering of the most expensive plan available with limited mention of the fact that there are other options gives the impression that the company is looking to push Plan F due to the higher premiums.
American Republic does not offer rate information on the website. Quotes can be obtained by filling out an online form, contacting an agent, or calling the company directly. All of these options require that you provide personal information and are likely to result in solicitation attempts, which may bother some people.
Without a rate quote, we are not able to comment on the value offered by this company, and since they do not write Medicare Supplement insurance in our sample state, the numbers would only be local.
Ratings and Reviews
Locating the correct Better Business Bureau (BBB) file for this company is challenging, as there appear to be different records for various offices across the country. Although the website indicates the company is still headquartered in Des Moines, the BBB record that appears to pertain to the head office shows an address in Nebraska. This record has an A+ rating with no complaints on file in the past three years. The fact that multiple records in many cities exist, however, makes it difficult to get a clear picture.
Consumer Affairs has 33 reviews of American Republic. Of those, only 6 left star ratings, resulting in an overall rating of just under 2 stars. Most of the negative reviews indicate that the company denied claims, canceled policies, and raised rates. There are a few positive reviews, although only one of these refers to Medicare directly. There are a few reviews that appear to be written as rebuttals to the negative reviews, but these are not done in a particularly professional manner.
Overall there are only a few solid reviews of this company, but nothing to raise any red flags concerning their services.
The Bottom Line
American Republic does not offer a lot of information online, making it difficult to compare them to other similar companies. Without a clear list of what plans are offered and what the rates are, we are not able provide a recommendation for this company. The multiple BBB pages, the responses on reviews, and the pushing of the most expensive option for Medicare Supplement all combine to leave a general sense of uncertainty that will likely send insurance shoppers looking elsewhere.
For a list of companies that we recommend, visit our Best Insurance Companies page.