In our analysis of Indiana's Marketplace Plans, Anthem has the lowest health insurance rates for 2026, with an average monthly premium of $540, 20% below the statewide average. Anthem's pricing advantage is sharpest at Bronze and Silver. At Gold and Platinum, Ambetter and CareSource price more competitively for members who expect to use their coverage regularly.
Cheapest Health Insurance in Indiana (2026)
Updated: July 3, 2026
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Key Takeaways
Anthem provides the lowest health insurance rates in Indiana, with monthly premiums averaging $540. Its rate is 20% below the statewide average.
Anthem provides the most affordable coverage for young adults, adults, seniors and HMO plans in Indiana, while Cigna has the cheapest EPO plan at $573 monthly.
Ambetter's Gold plan at $711 monthly carries Indiana's lowest Gold deductible at $863. Members who expect to hit their deductible each year pay $3,114 less overall with Ambetter Gold than Anthem's Bronze plan, despite paying $303 more per month.
Most Affordable Health Insurance Companies in Indiana
Anthem | Cheapest Overall | $540 | $127 | $6,480 | $1,524 |
Cigna Healthcare | Lowest-Cost Specialist Access | $665 | $2 | $7,980 | $24 |
Ambetter | Cheapest Gold Coverage | $696 | $29 | $8,352 | $348 |
CareSource | Cheapest Platinum Plans | $828 | $161 | $9,936 | $1,932 |
* We calculate average monthly rates by taking the rounded average of each provider’s monthly plan rates in Indiana. We calculate average monthly savings by subtracting the statewide average monthly rate from each provider’s average. Your actual rates differ based on age, location and chosen plan.
Indiana's 2026 marketplace operates through HealthCare.gov with five carriers selling plans. No carrier on the exchange offers a PPO. Every plan priced below the statewide average is an HMO or EPO, where care is limited to in-network providers outside emergencies.
Anthem
Cheapest Overall
MoneyGeek Rating
5/ 5
5/5Affordability
5/5Deductible
5/5MOOP
Average Monthly Rate
$540Average MOOP
$6,664Average Deductible
$4,400
Ambetter
Cheapest for Gold Coverage
MoneyGeek Rating
3.7/ 5
4.4/5Affordability
2.5/5Deductible
2.5/5MOOP
Average Monthly Rate
$696Average MOOP
$5,489Average Deductible
$3,268
Cigna
Lowest-Cost for Specialist Access
MoneyGeek Rating
5/ 5
5/5Affordability
5/5Deductible
5/5MOOP
Average Monthly Rate
$665Average MOOP
$5,802Average Deductible
$3,187
CareSource
Least Expensive for Platinum Plans
MoneyGeek Rating
3.8/ 5
4.2/5Affordability
3.6/5Deductible
2.9/5MOOP
Average Monthly Rate
$828Average MOOP
$5,979Average Deductible
$3,629
Cheapest Indiana Health Insurance Providers by Profile
Anthem wins seven of eight profile categories, at $1,024 per month for 60-year-olds, it posts the lowest Silver-tier average in Indiana for that age group.
Seniors who qualify for Medicare should compare it first. Marketplace plans for 60-year-olds cost more than twice what younger adults pay and Medicare Advantage plans often price well below both.
Anthem | $289 | $3,464 | $5,224 | $2,861 | |
Teens | Anthem | $344 | $4,134 | $5,224 | $2,861 |
Anthem | $386 | $4,636 | $5,224 | $2,861 | |
Adults | Anthem | $482 | $5,787 | $5,224 | $2,861 |
Anthem | $482 | $5,787 | $5,224 | $2,861 | |
Anthem | $497 | $5,969 | $8,450 | $3,500 | |
Cigna Healthcare | $573 | $6,873 | $5,802 | $3,187 | |
Anthem | $1,024 | $12,288 | $5,224 | $2,861 |
* Rates shown are averages for silver-tier plans, using the following ages for each group: teens age 18, young adults age 26, adults age 40, seniors age 60. For plan type costs, we used average rates for 40-year-olds.
Compare Cheap Indiana Health Insurance Plans
Anthem holds the five lowest-cost positions in the Silver HMO table for 40-year-olds, with monthly premiums from $473 to $497. Ambetter's Standard Silver is at $538, CareSource's entry at $588 is the only plan with $3 generic drug pricing, relevant for members on maintenance medications. Find the most affordable health insurance options in Indiana suited to your situation:
Data filtered by:
HMO
Silver
40
No
| Anthem | Anthem Silver Essential 7000 ($0 Virtual Pcp + $0 Select Drugs + Incentives) | $473 | $5,543 | $3,543 |
| Anthem | Anthem Silver Essential 6000 Standard ($0 Virtual Pcp + $0 Select Drugs + Incentives) | $479 | $5,657 | $3,100 |
| Anthem | Anthem Heart Healthy Silver Essential 4500 ($0 Virtual Pcp + $0 Select Drugs + Incentives) | $480 | $5,436 | $2,650 |
| Anthem | Anthem Silver Essential 7000 Adult Dental/Vision ($0 Virtual Pcp + $0 Select Drugs + Incentives) | $481 | $5,543 | $3,543 |
| Anthem | Anthem Silver Essential 3500 Hsa (+ Incentives) | $497 | $3,940 | $1,470 |
| Ambetter | Standard Silver | $538 | $5,657 | $3,100 |
| Ambetter | Focused Silver | $543 | $5,321 | $3,436 |
| Ambetter | Standard Silver + Vision + Adult Dental | $553 | $5,657 | $3,100 |
| Ambetter | Focused Silver + Vision + Adult Dental | $557 | $5,321 | $3,436 |
| Caresource | Low Premium Silver 6200 $3 Generic Drugs | $588 | $5,979 | $3,629 |
The filtered table defaults to Silver-tier HMO plans for a 40-year-old.
How to Find the Cheapest Health Insurance in Indiana
Indiana's five marketplace carriers offer plans across four metal tiers. Premiums, deductibles and MOOP costs each affect your total annual expense. These steps help you find coverage that fits your budget and how often you need care.
- 1Choose a plan type within your budget
Your ideal coverage depends on how often you need care. A 40-year-old on Anthem's cheapest Bronze plan at $408 monthly pays $74 less per month than Silver but accepts a deductible $4,752 higher. If you rarely see a doctor, Bronze is the lower total-cost option.
- 2Check if you qualify for subsidies
Your family size and annual income determine subsidy eligibility for 2026. Indiana shoppers earning between 100% and 250% of the Federal Poverty Level, $15,960 to $39,900 for a single adult in 2026, qualify for cost-sharing reductions on Silver plans. These reductions can cut deductibles and out-of-pocket maximums below what the plan's standard Silver cost-sharing shows. Silver can cost less in total than Bronze for this income range, even though Bronze has the lower monthly premium. CSRs are only available on Silver plans through HealthCare.gov.
Enhanced premium tax credits that reduced marketplace costs from 2021 through 2025 were not extended for 2026. Hoosiers above $63,840 annually receive no premium tax credit this plan year. If you received a subsidy in 2025, verify your 2026 eligibility and recalculate before comparing plan prices.
- 3Review Medicare Options if You Qualify
Adults 65 and older should compare Medicare options before buying a marketplace plan. In MoneyGeek's Indiana data, 60-year-old marketplace coverage averages $1,024 monthly with Anthem, more than twice the $482 rate for 40-year-olds. Medicare Advantage plans and Medicare Supplement plans often cost less and provide broader provider access for this age group.
Indiana residents earning up to $22,025 annually, the equivalent of 138% of the 2026 Federal Poverty Level, qualify for the Healthy Indiana Plan, the state's Medicaid program. Monthly costs for HIP 2.0 range from $0 to $27 depending on income. Apply at in.gov/fssa or call 877-GET-HIP9. Marketplace plans cost more for this income group in every scenario.
- 4Verify prescription coverage
Check each plan's drug formulary before enrolling. Prescription cost-sharing varies by tier across carriers. Anthem's Silver plans include $0 virtual PCP visits and $0 select drug pricing on several plans, a feature that affects total annual cost for members who use maintenance medications. A plan with a $30 lower monthly premium can cost more overall if your medications land on a higher formulary tier.
Common medications like metformin, lisinopril and atorvastatin appear on lower tiers across most Indiana marketplace plans. Brand-name drugs and specialty medications vary by carrier. The same drug can cost $10 on one plan and $90 on another. Check each plan's formulary on HealthCare.gov before enrolling.
- 5Shop during Open Enrollment period
Indiana uses the federal marketplace through HealthCare.gov. Open enrollment is from November 1 to January 15, per the Centers for Medicare and Medicaid Services. Outside that window, enrollment requires a qualifying life event such as job loss, marriage or having a child. Missing the January 15 deadline means waiting until the following November, so submit your application before that date even if you're still comparing plans.
- 6Review network providers carefully
Confirm your current doctors and preferred hospitals accept any plan you're considering. In Indiana, no carrier offers a PPO, so every plan limits coverage to its specific network. Out-of-network care means paying full cost outside emergencies.
Anthem's HMO and POS networks aren't identical. A provider in one may not be in the other. Ask the provider's billing office to verify acceptance for the specific plan name, not just the insurance company name, before enrolling.
Cigna's EPO allows direct specialist access without referrals. Anthem's HMO and most POS plans require a referral first. Network fit matters more in Indiana than in states with PPO options, because there's no out-of-network fallback when a referral is delayed.
Cheap Indiana Health Insurance: FAQ
Find answers to common questions about affordable health insurance in Indiana:
What is the cheapest health insurance in Indiana?
Anthem is the cheapest health insurance in Indiana, with Silver plans averaging $540 monthly for 40-year-olds.
What are the downsides of a cheap health insurance plan?
Cheap health insurance plans come with high deductibles ( $5,000 to $8,000 annually), limited provider networks that forces you to switch doctors and restricted coverage that excludes essential services like mental health care or physical therapy. This results in higher actual costs despite lower monthly premiums.
Do I qualify for subsidies on health insurance in Indiana?
You qualify for health insurance subsidies in Indiana if your household income falls between 100% and 400% of the Federal Poverty Level, as defined by the U.S. Department of Health and Human Services. That range is $15,960 to $63,840 for individuals in 2026.
Indiana uses the federal marketplace through HealthCare.gov, where you can apply and get real-time eligibility verification based on your income information.
What are cost-sharing reductions and how do they affect Silver plan costs in Indiana?
Cost-sharing reductions lower deductibles and out-of-pocket maximums on Silver plans for Indiana shoppers earning between 100% and 250% of the Federal Poverty Level, $15,960 to $39,900 for a single adult in 2026. The reductions are applied automatically when you enroll in a Silver plan through HealthCare.gov at a qualifying income. For shoppers in that range, Silver can cost less in total than Bronze despite the higher monthly premium. CSRs don't apply to Bronze, Gold or Platinum plans.
What is the Healthy Indiana Plan and who qualifies in 2026?
The Healthy Indiana Plan (HIP 2.0) is Indiana's Medicaid program for adults ages 19 to 64. Individuals earning up to $22,026 annually, roughly 138% of the 2026 Federal Poverty Level, may qualify. Monthly costs range from $0 to $27 depending on income. HIP 2.0 covers the same essential health benefits as marketplace plans. Apply at in.gov/fssa or call 877-GET-HIP9. Every marketplace plan costs more for anyone who qualifies.
When can I enroll in health insurance in Indiana?
In Indiana, you can enroll in health insurance during Open Enrollment from November 1 to January 15. You may also qualify for Special Enrollment throughout the year if you experience a qualifying life event such as losing your job, getting married or having a baby.
Is Anthem available in every Indiana county?
Anthem is the cheapest option statewide but availability differs by county. If Anthem plans are not available in your county, Cigna, UnitedHealthcare and Ambetter offer competitive rates across most Indiana counties. Enter your ZIP code on HealthCare.gov to see which carriers and plans are available where you live.
How much does family health insurance cost in Indiana?
Family health insurance costs in Indiana depend on the number of people covered and their ages. A family of four pays two to three times the individual rate. Anthem offers Indiana's most affordable family plans, with the same HMO structure and a Silver-tier MOOP of $5,224 per person.
What is the difference between HMO and EPO plans in Indiana?
An HMO requires you to choose a primary care doctor who coordinates your care and provides referrals to see specialists. An EPO allows direct specialist access without referrals but limits coverage to a specific network with no out-of-network benefits.
Indiana's 2026 marketplace offers Anthem's HMO plans and Cigna's EPO plans as the two dominant plan structures. Choose HMO for lower premiums and coordinated care. Choose HMO for lower premiums and coordinated care. EPO is worth the $91 higher monthly cost if you see specialists regularly and want direct access without a referral.
How We Decided the Cheapest Health Insurance Companies in Indiana
We gathered plan data from the federal health insurance marketplace for Indiana consumers aged 18 to 60, analyzing five carriers across all available metal tiers and plan types. Rates for five age profiles, 18, 26, 40, 50 and 60-year-olds, 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 usually mean higher deductibles and out-of-pocket maximums when you need care.
Related Pages
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he produces original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He covers economics and insurance at MoneyGeek, and his work has been featured in The Washington Post, The New York Times and NPR, among other outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data. No insurance company partnership influences his recommendations.
Mark holds a B.A. from Boston College and an M.A. in Economics and International Relations from Johns Hopkins University. He started his career in financial risk management at State Street and is also a five-time “Jeopardy!” champion.
Sources
- HealthCare.gov. "Welcome to the Health Insurance Marketplace." Accessed July 3, 2026.