Best Indiana Health Insurance (2023 Plans)

MoneyGeek’s study found that US Health and Life Insurance Company is the best overall health insurance provider in Indiana, earning a MoneyGeek score of 67 out of 100. This company is known for having higher chances of approval, as it denies fewer claims than similar insurers.

In this research, we analyzed data from 20 Silver EPO and 16 Silver HMO plans to determine the category winner.

Anthem (BCBS) is Indiana's best health insurance provider for low out-of-pocket costs, earning a MoneyGeek score of 55 out of 100. This company has a 14.67% chance of denying claims. It tends to have, however, an affordable MOOP cost.

For this category, we analyzed 11 Gold EPO and five Gold HMO plans and compared scores with other insurers.

Cigna provides the best affordable health insurance in Indiana, receiving a MoneyGeek score of 68 out of 100.

To find the cheapest provider, we put more weight on each company’s affordability score. Specifically, plans with lower monthly premiums got the highest ranking. Keep in mind that lower monthly premiums will indicate higher out-of-pocket costs as a trade-off — which is ideal for policyholders who don’t anticipate needing as much care.

We surveyed 20 Silver EPO plans and 16 Silver HMO plans to determine the company winner and plan recommendations for this category.

MoneyGeek also analyzed the cheapest health insurance in Indiana for those who just want the cheapest rates.

Scoring 68 out of 100 with MoneyGeek, the best health insurance for Indiana residents with low income is Cigna.

MoneyGeek’s analysis for the low-income category favored low monthly premiums and only scored health insurance companies that offer plans with cost-sharing reductions (CSRs).

CSRs are discounts that lessen your MOOP and deductible if your income falls below 250% of the federal poverty level (FPL), helping you avoid the typical trade-off of higher out-of-pocket expenses for lower premiums. Whereas a standard Silver plan pays about 70% of health care costs, cost-sharing is higher for CSR plans. For individuals in Indiana, for example:

• Annual income between $27,180 and $33,975 (201%–250% of the FPL) qualifies for a plan that pays about 73% of health costs
• Annual income between $20,385 and $27,180 (151%–200% of the FPL) qualifies for a plan that pays about 87% of health costs
• Annual income below $20,385 (up to 150% of the FPL) qualifies for a plan that pays about 94% of health costs

Note that these brackets shift depending on the number of people in your household.

With a MoneyGeek score of 61 out of 100, Cigna has the best health insurance for young adults in Indiana.

To find the best companies for young adults, we scored providers selling Bronze or Catastrophic plans, which tend to have the cheapest premiums but the highest out-of-pocket costs. Catastrophic plans are only available to those under 30 years old.

For this category, we rated the following numbers of plan tiers and types in Indiana:

• Bronze: Four EPO plans; five HMO plans
• Expanded Bronze: 19 EPO plans; six HMO plans; two POS plans

Health insurance providers can offer different plan types. Here are the best providers for all plan types available in Indiana:

• HMO: Anthem (BCBS) (MoneyGeek score: 100 out of 100)
• EPO: US Health and Life Insurance Company (MoneyGeek score: 65 out of 100)

Note that we limited our recommendations to Silver plans. This metal tier balances costs and coverage, making it ideal for the average person who wants adequate health care coverage at an affordable price.

In Indiana, there are 20 Silver EPO and 16 Silver HMO plans.

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.

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.

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:

• Part A (Hospital Insurance): Covers inpatient hospital stays, skilled nursing facilities and hospice care, lab tests and surgeries
• Part B (Medical Insurance): Covers outpatient care from doctor visits, home health care, preventive services and durable medical equipment
• Part D (Prescription drug coverage): Pays for the cost of prescribed medication

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.