Cheapest Health Insurance in Indiana (2026)

Anthem has the cheapest health insurance in Indiana at $540 per month for a 40-year-old. Cigna Healthcare, UnitedHealthcare and Ambetter price between $665 and $696, within $31 of each other. Anthem costs $1,500 less per year than Cigna Healthcare, the next-most-affordable option.

Among Cigna Healthcare, UnitedHealthcare and Ambetter, a $31 monthly price range means the choice of plan type matters more than the premium difference. EPO plans from Cigna Healthcare and UnitedHealthcare allow specialist access without a referral. Anthem's $540 monthly average is $125 below the next-most-affordable option, with an HMO or POS structure that requires referrals from a primary care doctor to see specialists.

*Rates shown are based on the rounded average of each provider's monthly plan rates in Indiana. Average savings show how much cheaper each provider is compared to the statewide average. Your actual rates will vary based on age, location and chosen plan.

Compare Indiana's 2026 health insurance plans by type, metal level, age and HSA eligibility.

The filtered table defaults to Silver-tier HMO plans for a 40-year-old.

Anthem has the cheapest Bronze and Silver HMO plans at $408 and $482 per month for a 40-year-old. Ambetter has the cheapest Gold HMO at $711 per month. Ambetter Gold's annual spending cap, the most you pay per year for covered care, is $5,550, or $326 more than Anthem Silver's $5,224.

Ambetter Gold costs $229 more per month than Anthem Silver, or $2,748 more in annual premiums. Ambetter Gold's higher annual spending cap adds another $326, so total spending exceeds Anthem Silver by $3,074 in a worst-case year. HMO plans require a primary care referral to see specialists and don't cover out-of-network care outside emergencies.

UnitedHealthcare has the cheapest Bronze and Gold EPO plans in Indiana at $492 and $767 per month for a 40-year-old. Cigna Healthcare has the cheapest Silver EPO at $573 per month.

EPO plans let members see any in-network specialist without a primary care referral. At Silver tier, EPO's no-referral access costs $91 more per month than Anthem's Silver HMO, or $1,092 more per year. EPO plans don't cover out-of-network care outside emergencies.

Anthem has the cheapest health insurance at every age in Indiana. Under 30, Anthem's Catastrophic HMO at $286 per month at age 18 has a $10,600 deductible equal to the plan's annual spending cap. Catastrophic plans are open to people under 30 or those with a qualifying hardship exemption.

At 40, Anthem's Bronze HMO at $408 per month is the lowest-cost option. By 60, Anthem's Bronze HMO costs $867 per month, more than double the rate at 40, for the same coverage and deductible. The $459 monthly premium increase from age 40 to 60 amounts to $5,508 more per year.

HSA-eligible plans include access to a health savings account, where members set aside pretax dollars for qualified medical expenses. Anthem's Catastrophic HMO at $401 per month has a $10,600 deductible equal to the plan's annual spending cap.

Cigna Healthcare's Expanded Bronze EPO costs $435 per month, $34 more than Anthem's Catastrophic HMO, or $408 more per year. Cigna Healthcare's deductible is $5,229, which is $5,371 lower than Anthem's $10,600. The $408 annual premium increase for Cigna reduces the deductible by $5,371.

Anthem's Bronze HMO at $408 per month has the lowest total annual cost for low ($1,000) and moderate ($5,000) medical usage. Low and moderate usage both fall below Anthem Bronze's $7,613 deductible, so insurance pays nothing in either case. Since insurance pays nothing in either case, Anthem Bronze's $408 monthly premium is the only cost variable.

For high annual care ($20,000), Anthem's Expanded Bronze HMO at $434 per month costs less overall than regular Bronze. Anthem's Expanded Bronze plan's lower annual spending cap saves $151 per year over regular Bronze at the $20,000 care level.

Indiana's five marketplace carriers offer plans across four metal tiers. Premiums, deductibles and annual spending caps each affect your total annual expense.

We gathered plan data from the federal health insurance marketplace for Indiana consumers to identify which insurers have the lowest premiums for different plan types and demographics. 

Our Analysis Approach

We collected plan data from five carriers across all available metal tiers and plan types for consumers aged 18 to 60. Rates for consumers at ages 18, 26, 40, 50 and 60 cover the full pre-Medicare age range.   

Plans with the lowest monthly premiums for 40-year-olds ranked as cheapest overall because this age group is most common demographically and provides clear comparison. Age-specific rankings use their respective premium costs, but cheaper plans have higher deductibles and out-of-pocket maximums when you need care.