Summary: Best Health Insurance In Indiana
Best Health Insurance Companies In Indiana
Cheapest Health Insurance by Plan Type in Indiana
Health insurance companies that sell policies on the Affordable Care Act (ACA) marketplace may offer four types of health plans. Indiana insurers provide three types: exclusive provider organization (EPO), point of service (POS) and health maintenance organization (HMO) plans.
- Cheapest EPO in Indiana: Cigna Healthcare
- Cheapest POS in Indiana: Anthem Blue Cross and Blue Shield
- Cheapest HMO in Indiana: Anthem Blue Cross and Blue Shield
How Much Does Health Insurance Cost in Indiana?
Health insurance costs in Indiana vary by age, location, metal tier chosen, whether you smoke and the plan type you choose. Your health and gender aren’t factors in premiums when you buy a health plan from the Affordable Care Act marketplace.
Cost of HMO, EPO and POS Plans in Indiana
Our analysis found that HMOs average $533/month, EPOs average $540/month and POS plans average $407/month in Indiana. Here are average premiums among the top health insurance companies in Indiana.
| Company | HMO cost per month | EPO cost per month | POS cost per month | Learn More |
|---|---|---|---|---|
| Anthem Blue Cross and Blue Shield | $487 | N/A | $407 | On Healthcare.com’s Website |
| Cigna Healthcare | N/A | $515 | N/A | On Healthcare.com’s Website |
Cost of Health Plans by Metal Tier in Indiana
Silver health plans cost an average of $514/month in Indiana. Here’s a look at costs among the top-scoring Indiana health plans in our analysis.
| Company | Bronze or Expanded bronze plan cost per month | Silver plan cost per month | Gold plan cost per month | Learn More |
|---|---|---|---|---|
| Anthem Blue Cross and Blue Shield | $406 | $482 | $702 | On Healthcare.com’s Website |
| Cigna Healthcare | $454 | $501 | $702 | On Healthcare.com’s Website |
Average Cost of Bronze Plans in Indiana at Age 27
ACA law allows children to stay on a parent’s health plan until age 26. After that, they may need their own plan from the state’s health insurance marketplace. Since younger people usually need less healthcare, we looked at average prices for bronze plans at age 27 in Indiana. Overall, expect to pay an average of $375 a month for a bronze plan at age 27.
Average Cost of Silver Plans in Indiana at Age 40
Silver plans are the most popular health plan tier and have an average cost of $440 a month for 40-year-olds in Indiana. Here’s a look at the average costs by county.
Average Cost of Gold Plans in Indiana at Age 60
Before you’re eligible for Medicare at age 65, you may be looking for a good health plan. Gold plans can be a smart choice for older people who may require more healthcare. The average cost for a gold plan at age 60 in Indiana is $1,313 a month. Here’s how average costs look in Indiana counties.
How to Find the Best Health Insurance Plan in Indiana
Platinum Plans: Good for People Who Need Frequent Healthcare
Platinum plans are the priciest ACA marketplace plans and they’re also the most rare. Less than 10% of ACA plans are platinum plans, so there’s a good chance you might not even have the option.
If a health insurance company in your region sells platinum plans, these types of plans may work for you if you need regular healthcare and multiple expensive prescriptions. Platinum plans have low health insurance deductibles and coinsurance, so you pay less when you get healthcare. But they also have the highest premiums, so you pay the most to have coverage each month.
Gold Plans: Good for People Who Want Lower Out-of-Pocket Expenses
Gold plans have lower out-of-pocket costs than silver or bronze plans, but they come with higher health insurance premiums. If you get regular healthcare, a gold plan could be a smart option since you will pay less when you receive care compared to a silver or bronze plan.
You’ll want to consider the cost of premiums with the out-of-pocket costs like coinsurance and deductibles when you’re choosing an ACA plan.
Silver Plans: Good for People Who Want to Balance Premiums and Out-of-Pocket Costs
If you don’t want to pay very high deductibles but also don’t want to pay high premiums, a silver plan might be a smart option. Silver plans have lower out-of-pocket costs than bronze plans and lower premiums than platinum and gold plans, which make them a good balance.
Silver and bronze plans are the most common ACA plans offered, so you shouldn’t have a problem getting a silver plan in your region.
Bronze Plans: Good for People Who Desire the Lowest Premiums
Bronze plans are a top option if you don’t use healthcare often and want the cheapest monthly premium payment. The downside is that bronze plans have higher out-of-pocket costs when you go to the doctor or get prescriptions.
If you want the cheapest health plans that still offer comprehensive coverage, a bronze plan could be the best choice.
Some health insurance companies also have “expanded bronze” plans. These plans come with higher coinsurance levels for in-network care (up to 65%) than standard bronze plans (average of 60%).
More: Bronze, Silver, Gold or Platinum Health Insurance
Catastrophic Plans: Good for Young People Who Don’t Plan to Need Healthcare
The ACA marketplace offers catastrophic health insurance to people under age 30 and those facing severe economic issues like homelessness. If you’re eligible for a catastrophic plan, you may like its low costs but beware of the high out-of-pocket costs.
One thing that makes catastrophic plans different from other health insurance policies is that they don’t have coinsurance. Instead, you’ll have to deal with an extremely high deductible when you receive care. Once you’ve spent that deductible amount on healthcare, a catastrophic plan pays the rest of your in-network healthcare costs for the year.
Methodology
We analyzed Affordable Care Act marketplace health insurance companies in Indiana to determine the best options. Our ratings are based on:
- Average premiums (30% of score): We calculated average premiums for health insurance companies that offer ACA plans in Indiana. Averages were based on premiums for buyers ages 21, 27, 30, 40, 50 and 60. Source: HealthCare.gov.
- Complaints made to state insurance departments (30% of score): We used complaint data from the National Association of Insurance Commissioners.
- Average silver plan deductible (20% of score): The deductible is how much you have to pay for healthcare in a year before the health plan begins picking up a portion of the costs. Companies with health plans that had low deductibles got more points. Source: HealthCare.gov.
- Breadth of health plans (10% of score): Health insurance companies may offer up to four types of plan benefit designs (PPO, HMO, EPO and POS). We gave points to companies that offer more types of plans. Source: HealthCare.gov.
- Metal tier offerings (10% of score): The ACA marketplace has four metal tier levels. We gave points to companies that offered more tier options. Source: HealthCare.gov.
Read more: How Forbes Advisor Rates Health Insurance Companies
Find The Best Health Insurance In Indiana
On Healthcare.com’s Website
