Updated: September 9, 2024
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Best Health InsuranceIndianaBest Health Insurance in Indiana
Why Trust MoneyGeek? We downloaded plan data for Indiana directly from the Centers for Medicare & Medicaid Services (CMS). MoneyGeek’s scoring methodology balances costs, claims approval and plan types to find the best providers in the state.
Plan data was updated with the CMS exchange data released in October 2023 for the 2024 enrollment period.
Ambetter offers the best health insurance in Indiana with a MoneyGeek score of 79 out of 100. It has low out-of-pocket costs, denies fewer claims than average and is considered to have affordable plan options.
For this analysis, we evaluated a total of 37 Silver plans in Indiana, which included both EPO and HMO types.
Exceptionally low claim denial rates
Favorable maximum out-of-pocket costs
Limited plan options available
MoneyGeek's top pick for the best health insurance in Indiana is Ambetter. The issuer provides 10 Silver EPO plans with an average plan rate of $445 per month. The average MOOP cost for these plans is $7,830.
Ambetter offers exclusively Silver EPO plans. EPO plans typically allow members to visit specialists without a referral, making it easier to get the care they need.
Ambetter has a denial rate of about 15%, which is lower than much of the competition.
Plan Recommendations
MoneyGeek recommends the following Silver plans:
Ambetter offers the best health insurance in Indiana for low out-of-pocket costs, with a MoneyGeek score of 84. It provides the cheapest plan options, has lower out-of-pocket costs and denies fewer claims compared to other insurers.
We evaluated 21 Gold EPO and Gold HMO plans for this analysis in Indiana.
Offers affordable premium rates
Low out-of-pocket costs
Rarely denies claims
Limited plan options available
MoneyGeek's top pick for the best health insurance in Indiana for low out-of-pocket costs is Ambetter. It offers eight Gold EPO plans. EPO plans often give you the benefit of lower premiums if you choose doctors and hospitals in the plan's network.
It offers an average plan rate of $559, and the average maximum out-of-pocket cost for these plans is $7,300.
Ambetter has a denial rate of 14.84%, which is lower than most of the competition.
Plan Recommendations
MoneyGeek recommends the following Gold and Platinum plans:
Anthem (BCBS) is the best cheap provider for cheap health insurance in Indiana, getting a score of 82 out of 100.
Anthem provides the most affordable plan options, has lower than average out-of-pocket costs and receives fewer claim denials compared to most other providers.
For this review, MoneyGeek checked 18 Silver EPO plans and 19 Silver HMO plans in Indiana. Plans with lower monthly costs were given more weight, but usually these plans mean you might pay more yourself when you need healthcare.
Affordable premium rates
Low out-of-pocket maximum costs
Fewer claims denied
MoneyGeek's top pick for the best cheap health insurance in Indiana is Anthem (BCBS). It offers five Silver plans.
Anthem provides HMO Silver plans in Indiana. The HMO plans may require choosing a primary care physician and getting referrals for specialists.
It offers an average plan rate of $416, and the average maximum out of pocket cost for these plans is $8,070.
Anthem has a denial rate of 23%, which is lower than most of the competition.
Plan Recommendations
MoneyGeek recommends the following cheap Silver plans:
Anthem (BCBS) offers the best health insurance in Indiana for those with low income, scoring 78 out of 100. It has rates that are lower than average, less out-of-pocket costs than many and does not deny claims as often as other providers.
In Indiana, we looked at 18 Silver EPO plans and 19 Silver HMO plans to find the best ones for low-income individuals.
We picked the best health insurance for low-income people by looking for plans with low monthly costs and helping with cost-sharing reductions (CSRs). CSRs make it so if you don't earn a lot of money, you don't have to pay as much when you go to the doctor or hospital. Regular Silver plans pay for about 70% of what it costs to get care, but CSR Silver plans pay for more, like this:
The amount of money you can make to get these benefits changes if you have more or fewer people in your family.
Low premium rates
Rarely denies claims
Lower diversity of plan types offered
MoneyGeek's top pick for the best health insurance in Indiana for those with low income is Anthem (BCBS). It provides plans that are affordable for people earning below 250% of the federal poverty level. Anthem offers five Silver CSR plans, with an average monthly cost of $416 and an average MOOP of $6,940.
Anthem does not offer PPO or POS plans, but EPO plans typically have lower premiums, which can be a benefit to policyholders. The company denies claims more frequently than competitors.
Plan Recommendations
Anthem's top-rated plan offers lower out-of-pocket expenses for the same premium for people in different income brackets. Here are some of the lower overall out-of-pocket costs based on income levels:
Aetna provides the best health insurance in Indiana for young adults, with a MoneyGeek score of 74 out of 100.
Aetna has plans with some of the cheapest rates, low out-of-pocket costs and a better than average record of not denying claims. Remember, only people younger than 30 years old can choose a Catastrophic plan.
For this analysis, we looked at four Bronze HMO plans, 16 Expanded Bronze EPO plans, nine Expanded Bronze HMO plans and two Expanded Bronze POS plans in Indiana.
Affordable premium rates
Low out-of-pocket maximum costs
Denies claims more often than average
Limited plan options available
Aetna is the top pick for young adults looking for health insurance in Indiana. It offers three Expanded Bronze plans, which are a good choice for people who need less medical care. There is no mention of Catastrophic or Bronze plans from the best issuer.
Aetna does not offer PPO or POS plans in Indiana. One common benefit of EPO plans is that they often come with lower premiums while still providing quality care within a network of doctors and hospitals.
Aetna offers an average plan rate of $290, and the average maximum out-of-pocket cost for these plans is $8,767. It has a 21% denial rate, which is lower than most of the competition.
Plan Recommendations
MoneyGeek recommends the following plans for young adults:
Health insurance companies have many kinds of plans. The best providers for all plan categories are:
Silver plans were picked for these recommendations because they balance how much you pay each month and how much you pay when you get care. Silver plans work well for people who go to the doctor or need medicine often.
In Indiana, there are 18 Silver EPO plans and 19 Silver HMO plans you can choose from.
MoneyGeek's top pick for the best health insurance in Indiana for Silver EPO plans is Ambetter with 10 plans. It offers an average plan rate of $445, and the average maximum out-of-pocket cost for these plans is $7,830. Ambetter has a low denial rate of around 15%, which means it denies fewer claims than average.
Silver EPO plans are a mix of good and bad points. They are pretty popular, being the third most common plan type. One good thing is you don't always need a referral to see a specialist, which makes getting care easier. But like HMOs, you must stay in the Ambetter network for your care unless it is an emergency, so your choices are a bit limited.
We suggest the following Silver EPO plans from Ambetter:
MoneyGeek's top pick for the best health insurance in Indiana for Silver HMO plans is Anthem (BCBS). It offers five different HMO plans. These plans have an average monthly cost of $416, and the average maximum out-of-pocket cost is $8,070. The provider has a denial rate of 22.74%, which is higher than average.
Silver HMO plans are less expensive than other types of plans. They usually need you to choose doctors in their network or in case of an emergency. To see a special doctor, you need to get permission from your main doctor first. They are good for saving money each month if you can visit doctors in the plan's network.
We suggest the following Silver HMO plans from Anthem (BCBS):
With a MoneyGeek score of 95 out of 100, National General Accident & Health ranks as the best short-term health insurance provider in Indiana. Short-term health insurance is an excellent solution if you’re looking to fill temporary gaps in coverage. It is generally affordable as it does not cover all the essential health benefits that the Affordable Care Act (ACA) typically requires.
Having comparably the highest coverage limits offered, National General Accident & Health becomes our top pick if you need coverage short term. It offers flexible contract terms as short as three months up to three years.
Indiana's best health insurance provider depends on each policyholder's budget and health care needs. You may need to determine how much you are willing to pay each month and match this with the care you need. Take a look at different ways you can shop for health insurance.
Understand when a health insurance plan will cover you
Health insurance can have different rules about where you can go for care. "In-network" means the doctors and hospitals have a deal with your insurance to charge less. "Out-of-network" does not have this deal, so they can charge more. Some plans let you visit any doctor, but others only pay if you go to doctors they know.
In Indiana, plans that let you choose any doctor are not as common. Plans that only pay for doctors they work with are more common, but they might cost less.
There are 18 EPO plans and 19 HMO plans in Indiana.
Weigh the cost of premiums vs. the cost of care
When you look for health insurance, it's important to choose a plan that fits what you need. You should think about how much you pay each month and the most you might have to pay for medical services in a year.
Some plans have a small amount you pay every month but a big amount you may have to pay for doctors or hospitals. Other plans cost more each month, but if you go to the doctor a lot, you wouldn't have to spend as much on medical services.
Take the Clear Silver plan from Ambetter. It has a MOOP of $5,400, which is lower than the other Silver plans it offers. This plan's monthly cost is $432, which is more than the average for Ambetter's Silver plans.
Low monthly costs and a low MOOP are great, especially if the plan gives you good medical service options.
If you are age 65 or older with a qualifying illness or disability, you may start looking at Medicare. Medicare is a federal health insurance program that offers subsidies for health care services for qualified individuals. The following parts are:
Take a look at the following resources we have on the best Medicare Advantage and the best Medicare Supplement plans in Indiana.
In addition to Medicare, another federal government program to help low-income individuals receive coverage is called Medicaid. Individuals with an income below 133% of the Federal Poverty Level (FPL) for your household size may be eligible for Medicaid.
In the following section, MoneyGeek answered frequently asked questions about health insurance costs and availability in Indiana.
The best health insurance in Indiana for 2024 is provided by Ambetter. However, the best choice for you will depend on your unique circumstances and needs.
The best health insurance plan balances affordability with adequate coverage. As you look among options, you may come across cheap plans, which often will have limited services for your medical needs. What is "adequate" varies among individual insurers.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
