Cheapest Health Insurance in Indiana (2024 Plans)

Opting for metal tiers beyond Silver affects health insurance costs. Indiana's most affordable options are Anthem (BCBS) for Bronze, Expanded Bronze, Silver and Ambetter for Gold.

If you're looking to balance affordability with high quality and ample coverage options, MoneyGeek also analyzed the best health insurance in Indiana.

The most cost-effective plan in the Silver tier is the Anthem Silver Pathway Essentials 7200 offered by Anthem (BCBS), with a monthly cost of $395. It's essential to note that Silver plans are the most common due to their balance of monthly premiums and out-of-pocket costs. For individuals looking to reduce their monthly expenses further, Bronze plans may offer a more affordable rate, accepting higher out-of-pocket costs when seeking medical care.

Health insurance costs vary by metal tier and by the balance struck between monthly premiums and the potential out-of-pocket expenses, including deductibles.

Here are the most affordable health insurance plans from each metal tier:

• Bronze: Anthem Bronze Pathway Essentials 9450 ($331)
• Expanded Bronze: Anthem Bronze Pathway Essentials POS 5000 ($349)
• Silver: Anthem Silver Pathway Essentials 7200 ($395)
• Gold: Everyday Gold ($524)

For more information on affordable options, explore cheap health insurance plans that cater to a variety of needs and budgets.

The most affordable plan in the Silver tier in Indiana is the Anthem Silver Pathway Essentials 7200 from Anthem (BCBS), with a monthly cost of $395.

Silver plans are particularly beneficial for individuals and families seeking a balance between monthly premiums and out-of-pocket costs. Those who qualify for cost-sharing reductions can substantially lower their co-pays, deductibles, and other expenses, making Silver plans an excellent choice for moderate-income individuals. Cost-sharing reductions are only available on Silver plans and can make care more accessible and affordable when utilizing health care services.

The most cost-effective Gold tier health plan in Indiana is the Everyday Gold from Ambetter, available at a monthly cost of $524. This plan is the cheapest among its tier offerings. Below are the three least expensive Gold plans:

• Everyday Gold from Ambetter ($524 per Month)
• Standard Gold from Ambetter ($528 per Month)
• Everyday Gold + Vision + Adult Dental from Ambetter ($544 per Month)

Gold plans are particularly well-suited for individuals who expect to have high medical expenses throughout the year. They offer lower out-of-pocket costs when you receive care, which can be benefits those who frequently visit doctors or need regular prescriptions. Despite the higher monthly premiums, these plans may offer better overall savings for those anticipating significant health care needs.

The most affordable Bronze plan in Indiana is Anthem Bronze Pathway Essentials 9450 from Anthem (BCBS), with a monthly cost of $331.

Introducing the top three most affordable Bronze plans in Indiana:

• Anthem Bronze Pathway Essentials 9450 from Anthem (BCBS) ($331 per Month)
• Anthem Bronze Pathway Essentials 5500 from Anthem (BCBS) ($344 per Month)
• CareSource Marketplace Low Premium Bronze from CareSource ($367 per Month)

Bronze plans are designed to provide essential health benefits and are a good fit for individuals who want lower monthly premiums and can handle higher out-of-pocket costs when they need care. They are particularly suitable for those who are generally healthy and don't expect to need much medical care. These plans can also be a smart choice for people who want basic coverage as a financial safety net for unexpected medical emergencies.

Introducing the most affordable plan in the Expanded Bronze tier for Indiana, the Anthem Bronze Pathway Essentials POS 5000 from Anthem (BCBS), with a monthly cost of $349.

The top three most cost-effective Expanded Bronze plans in Indiana are:

• Anthem Bronze Pathway Essentials POS 5000 from Anthem (BCBS) ($349)
• Anthem Bronze Pathway Essentials POS 7500 Standard from Anthem (BCBS) ($352)
• Anthem Bronze Pathway Essentials 7500 Standard from Anthem (BCBS) ($352)

Expanded Bronze plans are ideal for individuals who want lower monthly premiums and can handle higher out-of-pocket costs in the event of significant medical services. These plans typically suit those who are in relatively good health and do not expect to need frequent medical care. Customers who choose Bronze plans are willing to trade lower monthly costs for higher costs when accessing care.

In Indiana, individuals earning up to 250% below the Federal Poverty Level are eligible for cost-sharing reductions on Silver plans, enhancing affordability by decreasing deductibles and out-of-pocket expenses.

The most affordable Silver plan for those earning between $14,580 to $21,870 annually is the Anthem Silver Pathway Essentials 7200 from **Anthem (BCBS), with a Maximum Out-of-Pocket cost of $750.

The two most affordable Silver plans with their costs are:

• Anthem Silver Pathway Essentials 7200 from Anthem (BCBS) ($395 per month; $750 MOOP)
• Anthem Silver Pathway Essentials 5900 Standard from Anthem (BCBS)($406 per month; $1,800 MOOP)

To access CSRs in Indiana, you must select a Silver plan. Income limits are for single individuals and vary with household size.

In Indiana, Health Maintenance Organization (HMO) plans are the most popular health insurance option. Those looking for alternatives to HMO plans can also find Exclusive Provider Organization (EPO) plans available in the state.

The most affordable HMO plan in Indiana is the Anthem Silver Pathway Essentials 7200 from Anthem (Blue Cross Blue Shield) which has a monthly cost of $395.

• HMO: Anthem Silver Pathway Essentials 7200 from Anthem (Blue Cross Blue Shield) ($395)
• EPO: Connect Silver 8000 Indiv Med Deductible from Cigna ($426)

EPO plans offer a different approach to health care, providing coverage within a specific network of doctors and hospitals. These plans may be suitable for individuals who do not need the flexibility of a larger network that HMO plans offer. However, if you prefer having a primary care physician to coordinate your care and referrals, then the HMO plan might be the better choice, with Anthem (Blue Cross Blue Shield) offering the most affordable HMO plan in Indiana.

Health insurance rates and availability of specific plans vary by county in Indiana, affecting the options and premiums for residents.

Comparing the most affordable plans in the largest and smallest counties by population shows this variation:

• Marion: "Anthem Silver Pathway Essentials 7200" from Anthem ($412)
• Ohio: "CareSource Marketplace Silver" from CareSource ($425)

The following table outlines all available plans in each county in Indiana.

Age matters a lot for health insurance prices in Indiana. An 18-year-old with a silver plan pays about $314 each month. But a 60-year-old with the same silver plan pays more, around $933. That's $619 more each month!

Now, about those metal tiers. They're like different levels of plans. For example, a 40-year-old with a bronze plan pays $349 monthly. If they choose a gold plan, the price goes up to $610. That means the gold plan costs $261 more per month than the bronze plan.

MoneyGeek broke down the different health insurance options available in Indiana. We explain private insurance that you can find in the marketplace, including the different metal levels like bronze, silver, gold and platinum. We also cover the details of Medicaid and Medicare programs. We aim to help you understand your health care choices so you can make the best decision for yourself and your family.

The open enrollment period in Indiana generally aligns with the federal Health Insurance Marketplace schedule, typically running from November 1 to December 15. Residents can shop for private health insurance coverage through the Marketplace during this time. If you want your coverage to start on January 1, you must enroll by December 15. If you miss this enrollment deadline, you may have to wait until the next open enrollment period to sign up unless you qualify for a Special Enrollment Period (SEP). SEPs are available for individuals experiencing certain life events, such as marriage, divorce, the birth of a child, or loss of other health coverage.

Medicaid is a government-funded health care program in the United States that provides medical assistance to low-income individuals and families. In Indiana, eligibility for Medicaid is determined based on income, with specific levels set for different groups such as pregnant women, children, adults without dependent children, individuals with disabilities, and elderly adults. The program also considers factors like family size and whether the individual is already receiving Supplemental Security Income (SSI). To qualify, applicants must meet both categorical and financial criteria, be U.S. citizens or legal residents, and reside in Indiana. Eligibility details can vary yearly based on changes in federal and state policies.

Medicare is a federal health care program primarily for individuals aged 65 or older, and younger people with certain disabilities or diseases. In Indiana, eligibility is based on age, disability status, or having end-stage renal disease or ALS. Medicare is divided into several parts:

• Part A covers hospital care, nursing facilities, and some home health services.
• Part B covers doctor visits, outpatient care, medical supplies, and preventive services.
• Part C, also known as Medicare Advantage, bundles A and B and often includes additional benefits like vision and dental.
• Part D covers prescription medications.

MoneyGeek found the best Medicare Advantage Plans in Indiana and the best Medicare Supplement plans in Indiana.

When looking for health insurance, you may have questions about cost and availability. MoneyGeek responded to frequently asked questions about cheap private health insurance in Texas to help you learn more.