World Insurance Company provides health and dental insurance products and services in the United States. The company markets its products through independent insurance agencies. World Insurance Company was formerly known as World Accident Association and changed its name in December, 1928. The company was founded in 1903 and is based in Omaha, Nebraska. World Insurance Company operates as a subsidiary of American Enterprise Mutual Holding Company.

World Insurance Company constantly examines and evaluates the marketplace in order to gain a better understanding of consumer needs. Our product implementations and process improvements have helped us create a strong financial picture, which, in turn, translates into peace of mind for our insured customers.

About World Insurance Company

 Establishing trust with our insured customers and providing them peace of mind is one of the reasons World Insurance Company has been in business for more than 100 years. Their 15,000 independently contracted agents sell our various health products to folks in 46 states. And their continuing goal is to deliver quality health insurance products at an affordable price.

Their numerous health plans – with various deductible amounts, copayments and optional benefits – give you the flexibility to match your coverage to your needs and budget.

World Insurance Company, Inc.

Corporate Headquarters:
11808 Grant Street
Omaha, Nebraska 68164
402-496-8000
CEO:
Ronald A. Williams
Employee Number:
35,276
2008 Revenue:
Under $20 Million

Product Types Offered

Individuals

World Insurance Company offers Health Products for individuals, families and sole proprietors under the age of 65 and not eligible for Medicare. World Insurance Company Advantage Plans for individuals, families and the self-employed are designed to make it easy for you to find and choose the coverage that's right for you and your family.

Currently, World Insurance offers the following types of coverage:

HSA – Qualified Major Medical Insurance
World offers a health plan specifically designed to work in conjunction with Health Savings Accounts (HSAs). This health plan, along with an HSA, offer individuals the opportunity to obtain lower cost health insurance, help control their health care costs and save any unused HSA funds for future medical expenses on a tax-favored basis. Contributions to an HSA are tax-deductible, subject to the limits established by the Internal Revenue Service.

Major Medical Insurance
Everyone does not have access to health insurance through their employer, or sometimes they may be looking for coverage for their spouse or children. In order to meet these coverage needs World offers health insurance plans for individuals and families that help defray the expenses incurred for hospital, medical or surgical expenses.

Short-Term Major Medical Insurance
Do you need insurance coverage for a brief period of time? Their plan provides interim in-hospital coverage for people between insurance coverage’s for the temporarily unemployed, students who have graduated and are coming off their parents’ plans or those who have not yet qualified for their new employer’s group insurance coverage.

Dental Insurance
The dental insurance coverage provides preventive, basic and major dental coverage. Preventive care is offered immediately, with other services covered after a waiting period. Coverage is effective the first day of the month following the date we receive your application and initial premium.
World Insurance company offers five plan types:

1. WorldCARE Flex Advantage
   Features an array of coinsurance options – ranging from 100% “in network” with Flex Advantage 100 (PPO plan), to 60% with Flex Advantage 60 (PPO plan). All Flex Advantage major medical plans provide up to $2 million in lifetime coverage per insured person – with the option of increasing this lifetime benefit to $5 million, per insured person.
2. WorldCARE HD Advantage
   This high deductible line of major medical plans offer six different PPO (Preferred Provider Organization) options – three for families, three for individuals and qualifies for use with a Health Savings Account (HSA).
3. WorldCARE Value Advantage
   This plan offers medical options that provide comprehensive protection for you and your family against large medical expenses. WorldCARE Value Advantage was designed to help individuals and families pay for large medical expenses.
4. WorldCARE Short-Term Medical
   Thisis a convenient, affordable, temporary health insurance solution for individuals and families. A perfect choice for recent graduates, people between jobs, temporary employees or new employees awaiting activation of group coverage.
5. WorldCARE Dental
   World’s dental insurance coverage that provides preventive, basic and major dental coverage. Preventive care is offered immediately, with other services covered after a waiting period.

Provider Network

World Insurance Company has a very big provider networks. You can use, World Insurance Company’s online provider directory to learn more about doctors, hospitals, other medical services, dentists, vision care providers and pharmacies that work with your World Insurance Company plan.
Find Provider link – which allows you to verify that your current provider is in one of our PPO (Preferred Provider Organization) networks is just one of the customer-friendly features you’ll experience with World.

Recent News

Here are some of the most recent news regarding World Insurance Company:

A.M. Best Affirms Ratings of American Enterprise Mutual Holding Company Subsidiaries and Homesteaders Life Company. No co-pays

Mergers & Acquisitions Week, January 28, 2009 —  A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of oa-o of American Republic Insurance Company (American Republic) (Des Moines, IA) and World Insurance Company (World) (Omaha, NE), subsidiaries of American Enterprise Mutual Holding Company (American Enterprise) (Des Moines, IA). The outlook for these ratings is stable.

Additionally, A.M. Best has affirmed the FSR of B++ (Good) and ICR of obbb+o of Homesteaders Life Company (Homesteaders) (Des Moines, IA). The outlook for these ratings is positive. (Continue Reading)

Rating

World Insurance Company’s rating, as rated by A.M. Best Company. A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors.

Financial Strength Rating
Rating: A- (Excellent)
Affiliation Code: g (Group)
Financial Size Category: VIII ($100 Million to $250 Million)
Outlook: Stable
Action: Affirmed
Effective Date: January 13, 2009