Low cost Indiana health insurance plans save money and also provide comprehensive benefits. Rates from all of the top Hoosier State carriers such as Anthem Blue Cross and Blue Shield (Group and Senior), UnitedHealthcare (Temporary and Senior)), Ambetter, and CareSource are provided so you can quickly consider your Marketplace, Medicare, and non-subsidized options. Inexpensive short-term plans are also available if coverage is needed for less than 12 months. Policies can be approved within 24 hours.
We research and update affordable individual and family policies and illustrate the lowest rates available for Hoosier State residents. NOTE: Several carriers no longer offer private under age-65 coverage in the state, including IU Health Plans, MDwise, PHP, Assurant, Humana, Aetna, and Cigna. In the future, if these companies return, we will include them in our quote engine. Exchange availability is different each year, and new non-Obamacare plans frequently become available. Currently, the only states that offer less than three Marketplace companies are Indiana, Alabama, Alaska, Connecticut, Delaware, DC, Hawaii, Iowa, Kentucky, Maryland, Mississippi, Nebraska, Rhode Island, South Dakota, Vermont, West Virginia, and Wyoming.
Utilize Our Unbiased And Professional Assistance
There are no costs for utilizing this website, and we are committed to saving consumers money and helping you choose the best available plan. We understand that many consumers prefer to do business by phone or email, so our Agency is typically available 24/7. We are live persons! Complete plan descriptions and historical rates are easily provided, along with a simplified enrollment process. While a low premium is the goal of all consumers, low out-of-pocket expenses are equally important. Marketplace plans can have maximum out-of-pocket expenses up to $8,150, although several Silver and Gold tier plans offer lower amounts. Examples are the CareSource Marketplace Low Deductible Silver ($6,600), CareSource Marketplace Standard Silver ($6,800), Ambetter Secure Care 5 ($5,900), and Ambetter Secure Care 15 ($3,950) plans.
Senior Medicare Supplement, Advantage, and Plan D prescription drug plans are offered in all counties. Prices, benefits, and out-of-pocket expenses (including copays and deductibles) can vary. When policies renew, rates and coverage may also change, although prior notification will be given. Applicants that are under age 65 can easily transition to Senior product coverage. It’s also common that one spouse will be Medicare-eligible while the other spouse is covered under a Marketplace plan.
In a matter of moments, you can compare, save and apply online for affordable personal Indiana Marketplace plans, both on and off the Exchange. We make it easy to find the most popular private and self-employed medical coverage. Purchasing a policy may not be as expensive as you think. There are many inexpensive policies that fit within your budget and give you the coverage you expect to have. Common expenses, such as office visits, Urgent-Care, ER and inpatient or outpatient claims, are covered with many possible deductible and copay options.
We’ll review your current options and also keep you informed on statewide and national reform and how it could possibly reduce (or, unfortunately…increase) your rates. The State Exchange Marketplace provides a federal tax subsidy to help pay premiums. The amount of the subsidy is based on your total household income in conjunction with the Federal Poverty Level (FPL). We can easily and quickly calculate the amount you are eligible to receive.If you are eligible for Medicaid or Medicare, specific options are available.
Federal Subsidy Estimates (Takes The Form Of Instant Tax Credit)
Listed below are current subsidy estimates from random individual and family examples. We selected Lake County, although amounts can vary. For example, Marion County would generate a higher subsidy, while St. Joseph County would result in a slightly lower subsidy.
Single person age 25 with $18,000 income – $3,480
Single person age 35 with $28,000 income – $3,000
Single person age 45 with $35,000 income – $2,760
Married couple ages 30 with $32,000 income – $7,448
Married couple ages 40 with $50,000 income – $5,760
Married couple ages 50 with $60,000 income – $8,928
Married couple ages 30 with two children and $70,000 income – $9,488
Married couple ages 40 with two children and $70,000 income – $10,668
Married couple ages 50 with two children and $80,000 income – $13,308
Single parent age 30 with one child and $45,000 income – $3,924
Single parent age 40 with one child and $45,000 income – $2,388
Indiana “short-term temporary” coverage is perhaps the cheapest option available. Rates are almost always 40%-60% less than popular comprehensive plans and this type of policy is ideal if you are unemployed, just graduating, between jobs or are waiting for Medicare. For example, a healthy 30-year-old male residing in Indianapolis can purchase short-term coverage for only $36 per month ($5,000 deductible) or $40 per month ($2,500 deductible) through the IHC Group. A 50-year-old married couple (two persons) can purchase coverage for $129 per month ($5,000 deductible) or $152 per month ($2,500 deductible).
Lower deductibles are available through IHC and most other carriers. UHC (also known as “Golden Rule),” also offers inexpensive options, and we’ll be happy to review all of the companies for you. Deductibles as low as $500 are available, and coverage can be kept for up to 12 months. Up to 12 months of coverage is also offered through National General Life in selected states. NG utilizes the Aetna PPO network for its plans.
Important Note: Short-term policies are not eligible for instant tax-credit subsidies and generally, any medical expenses you incur from pre-existing conditions will not be paid. Also, since maternity is often excluded, temporary plans are not considered “qualified,” an not offered through the Marketplace. Extended therapy (mental and physical) are generally limited, and a deductible may apply to all services. Preventative benefits may be covered, but typically the deductible and coinsurance are not waived.
How To Lower Your Premium
Many other affordable options can be viewed by simply increasing the deductible. Often, premiums will reduce by hundreds of dollars per month without having any impact on covered office visits and prescriptions. Increasing coinsurance and copays will also save money, especially when non-generic prescriptions are utilized.
For example, the CareSource Marketplace Bronze plan costs less than the CareSource Marketplace Low-Premium Silver plan, since pcp and specialist office visits are subject to a deductible instead of a copay. For extremely healthy applicants, selecting the cheapest option is usually very cost-effective. However, the CareSource Low Premium Silver plan option offers lower copays for both pcp and specialist office visits, and features a smaller deductible. The premium difference is also not significant.
Ambetter’s least expensive plan is the Essential Care 1, which has a deductible of $8,150. The maximum out-of-pocket expenses are also $8,150. However, for a slightly higher premium, the Ambetter Balanced Care 12 offers copays for pcp and specialist visits ($35 and $70) along with $25 and $60 copays for generic and non-preferred brand drug prescriptions.
Previously, other low-cost policies were “Saver” and Value” plans offered by UnitedHealthCare and Anthem. Typically, they included limited office visit benefits, generic and formulary prescription coverage and higher out-of-pocket expenses on major medical claims. “Saver” and “Value” policies were cheap alternatives to higher-priced plans, but are now no longer offered.
If you were being treated for a major condition or were uninsurable prior to 2014, the Indiana Comprehensive Health Insurance Association (ICHIA) offered coverage to individuals and families who could not qualify for medical insurance coverage because of their pre-existing conditions. The program was extended for one month to January 31st, before ending. With Marketplace policies readily available, there was no longer a need to continue the ICHIA.
To qualify for benefits, you had to have been previously denied for coverage and not be eligible for Medicare. Additional qualifications also had to be met. Of course, starting in 2014, pre-existing conditions were not a factor when underwriting an application.
Shopping Made Easy
We know that shopping for healthcare insurance can be time-consuming, frustrating and quite frankly…not a lot of fun! We can help. By providing your zip code at the top of the page, the process of finding the best options for you will begin. If you have a grandfathered plan, although benefits may be limited, it may be advantageous to keep. We can easily explain which choice is best for you.
We know you’ll like the rates, and the companies you view are all top-rated. There is no obligation or cost for using our expertise and experience.