IHC Independence Holding Company

American Independence Corp. (NASDAQ: AMIC) today announced the completion of an Internal Revenue Service income tax audit covering the 2003 and 2004 tax years. As discussed in AMIC�s annual report on Form 10-K for the period ended December 31, 2007, the Internal Revenue Service was conducting an audit of AMIC�s 2003 and 2004 consolidated income tax returns. AMIC is pleased to announce that the Internal Revenue Service has successfully concluded its audit of the consolidated income tax returns for such years and made no changes to the reported tax for those periods. About American Independence Corp. AMIC, through Independence American Insurance Company and its other subsidiaries, offers health insurance solutions to individuals and employer groups. AMIC provides to the individual and self-employed markets health insurance and related products, which are distributed through its subsidiaries, Independent Producers of America, LLC and healthinsurance.org, LLC. AMIC markets medical stop-loss, small group major medical, and managed care insurance and reinsurance through managing general underwriters, including IndependenceCare Holdings LLC, Marlton Risk Group LLC and Risk Assessment Strategies, Inc.