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MoneyGeek Logo IconBest Health InsuranceIndiana
2023

Best Health Insurance in Indiana

Best Overall for Health Insurance in Indiana

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.

MoneyGeek Pick: US Health and Life Insurance Company

US Health and Life

pros

No recorded denied claims

Plans have affordable maximum out-of-pocket (MOOP) costs

Various health plans to choose from

cons

Plans are relatively more expensive than most plan types

COMPANY HIGHLIGHTS

The US Health and Life Insurance Company is MoneyGeek’s top pick for the best overall health insurance provider in Indiana. It offers four Silver plan types, all of which are EPOs. For most plan types, you can save a lot by staying inside your provider network for services to be covered.

On average, US Health and Life Insurance Company offers premiums at $431 per month. Plans have a high MOOP cost of $8,075. The average denial rate for this insurer is 0%, which means it is highly likely that this insurer will approve your claims and cover your required health care services.

Plan Recommendations

Among the Silver plans US Health and Life Insurance Company offers in Indiana, MoneyGeek recommends the following:

  • Ascension Personalized Care Balanced Silver: $458 per month; MOOP $5,400
  • Ascension Personalized Care Low Premium Silver: $403 per month; MOOP $8,900
  • Ascension Personalized Care Standard Silver: $406 per month; MOOP $8,900
  • Ascension Personalized Care No Deductible Silver: $457 per month; MOOP $9,100

Best Health Insurance in Indiana for Low Out-of-Pocket Costs

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.

MoneyGeek Pick: Anthem (BCBS)

Anthem Blue Cross and Blue Shield

pros

The average denial rate for claims

Affordable out-of-pocket maximums

Affordable premiums

cons

Limited variety in health plan types

COMPANY HIGHLIGHTS

Anthem (BCBS) offers three different Gold plans in Indiana. The average MOOP cost from these plans is $6,467, the lowest among insurance plans in Indiana. While not the cheapest, this provider ranks third among the most affordable providers, offering premiums for its health plans at $596 per month. It rarely denies claims.

Anthem (BCBS) only offers HMO plans, which can be an excellent option for policyholders looking for cheaper monthly payments. However, if you want flexibility when choosing your providers, you may want to have a plan with a larger provider’s network like PPO.

Plan Recommendations

We recommend the following low MOOP health plans from Anthem (BCBS):

  • Anthem Gold Pathway Essentials 2000 Std: $602 per month; MOOP $8,700
  • Anthem Gold Pathway Essentials 2200 ($0 Virtual PCP + $0 Virtual Chat + $0 Select Drugs): $596 per month; MOOP $6,000
  • Anthem Gold Pathway Essentials 2700: $592 per month; MOOP $4,700

Best Cheap Health Insurance in Indiana

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.

MoneyGeek Pick: Cigna

Cigna

pros

Ranks first out of five providers for offering the most affordable health plans

Lower instances of denying claims than similar providers

Offers various plan types

cons

Its health plans tend to have higher out-of-pocket maximums

COMPANY HIGHLIGHTS

Of five health insurance companies, Cigna has the cheapest average premium of $387 per month. The average MOOP cost for its health plans is $8,900. This provider also has an excellent record of processing policyholder claims, which means there is a low chance of denial rate.

Cigna has six Silver plans for buyers to choose from in Indiana. HMOs are good options if you want low monthly payments and are comfortable staying within your provider’s network when you need care. EPOs, on the other hand, may provide you the flexibility to consult with a larger network.

Plan Recommendations

Our top six best affordable plans from Cigna are:

  • Cigna Connect 3000: $388 per month; MOOP $9,100
  • Cigna Connect 3800 Enhanced Diabetes Care: $386 per month; MOOP $9,100
  • Cigna Connect 4200 Enhanced Asthma COPD Care: $387 per month; MOOP $9,100
  • Cigna Connect 6500: $386 per month; MOOP $9,100
  • Cigna Connect 8100: $391 per month; MOOP $8,100
  • Cigna Simple Choice 5800: $385 per month; MOOP $8,900

Best Health Insurance for Low Income in Indiana

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.

MoneyGeek Pick: Cigna

Cigna

pros

Most affordable premiums for those with low income

An excellent insurer for claims management

Various plan types to offer

cons

A high average MOOP cost of $7,233 for its plans

COMPANY HIGHLIGHTS

Cigna may be the best option in Indiana for residents with limited income or resources. Its low-income health plans for those in the 201%–250% FPL bracket average $387 per month and $7,233 MOOP. It has an excellent record for claims management or a lesser record of denied claims.

Cigna offers six Silver HMO plans with cost-sharing reductions.

Plan Recommendations

The Cigna Simple Choice 5800 ranks as the best health insurance plan from CIGNA. Those in lower income brackets can get access to lower overall out-of-pocket costs for the same premium:

  • 201%–250% of the FPL: $387 per month; MOOP $7,233
  • 151%–200% of the FPL: $387 per month; MOOP $2,917
  • Up to 150% of the FPL: $387 per month; MOOP $1,267

Best Health Insurance for Young Adults in Indiana

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

MoneyGeek Pick: Cigna

Cigna

pros

Excellent claims management

Cheapest premiums

Various plan types to choose from

cons

Highest average MOOP cost

COMPANY HIGHLIGHTS

Cigna offers health insurance plans for young adults in Indiana at an average rate of $275 per month and $8,813 MOOP — seven Expanded Bronze EPO plans and one Bronze EPO plan. This company denies roughly 15.88% of insurance claims, which is fairly average compared to similar insurers.

Metal tiers dictate the amount of coverage you’ll have. Catastrophic, Bronze and Expanded Bronze tend to be popular among younger adults in good health who don’t need much coverage.

Plan Recommendations

Here are Cigna's best health plans for young adults:

  • Cigna Connect 0: $258 per month for 18-year-olds and $289 per month for 26-year-olds; MOOP $9,100
  • Cigna Connect 3500: $245 per month for 18-year-olds and $275 per month for 26-year-olds; MOOP $9,100
  • Cigna Connect 6800 Enhanced Diabetes Care: $243 per month for 18-year-olds and $273 per month for 26-year-olds; MOOP $9,100

Best Health Insurance by Plan Type in Indiana

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.

MoneyGeek Pick for HMO: Anthem (BCBS)

Anthem Blue Cross and Blue Shield
COMPANY HIGHLIGHTS

Anthem (BCBS) offers a total of 10 HMO Silver plans averaging at $421 per month and $7,780 MOOP. Among the two insurers we reviewed in Indiana based on plan type, Anthem (BCBS) has the lowest denial rate.

HMO (Health Maintenance Organization) plans are the most common plan type. They tend to have lower monthly payments than other plan types but restrict your covered services to a specified provider network. You’ll also need a referral to see a specialist.

Plan Recommendations

For Silver-tier HMO plans, we recommend getting the:

  • Anthem Silver Pathway Essentials 2800 ($0 Virtual PCP + $0 Virtual Chat + $0 Select Drugs: $427 per month; MOOP $9,100
  • Anthem Silver Pathway Essentials 3500 ($0 Virtual PCP + $0 Virtual Chat + $0 Select Drugs: $426 per month; MOOP $9,100
  • Anthem Silver Pathway Essentials 4200 ($0 Virtual PCP + $0 Virtual Chat + $0 Select Drugs: $425 per month; MOOP $9,100

MoneyGeek Pick for EPO: US Health and Life Insurance Company

US Health and Life
COMPANY HIGHLIGHTS

The US Health and Life Insurance Company sells four EPO Silver plans in Indiana at an average rate of $431 per month with a MOOP average of $8,075. This insurer rarely denies health insurance claims.

Plan Recommendations

Consider the following EPO Silver plans from US Health and Life Insurance Company:

  • Ascension Personalized Care Balanced Silver: $458 per month; MOOP $5,400
  • Ascension Personalized Care Low Premium Silver: $403 per month; MOOP $8,900

Best Short-Term Health Insurance in Indiana

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.

mglogo
MoneyGeek Top Pick: National General Accident & Health
National General Accident & Health

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.

How to Find the Best Health Insurance for You in Indiana

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.

  • doctor icon

    Understand when a health insurance plan will cover you

    HMO plans restrict your coverage to care received within your provider’s designated network. EPO plans often require a primary care physician to be fully covered but may make exceptions to consult with an out-of-network coverage for medical emergencies. The latter tends to be more expensive due to this. Indiana has 32 HMO plans and 40 PPO plans available.

  • money2 icon

    Weigh the cost of premiums vs. the cost of care

    Plans with lower monthly premiums usually have higher out-of-pocket costs. For example, a US Health and Life Insurance Company may average $431 per month, but its out-of-pocket maximum is $8,705. That means the most you’ll end up paying out of pocket in one year (apart from your monthly premium) is $8,705.

Consider Indiana Medicare or Medicaid if You’re Eligible

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.

Frequently Asked Questions About Health Insurance in Indiana

In the following section, MoneyGeek answered frequently asked questions about health insurance costs and availability in Indiana.

About Brenna Kelly, Licensed Health Insurance Agent


Brenna Kelly, Licensed Health Insurance Agent headshot

Brenna Kelly is a licensed health insurance agent and health insurance content manager at MoneyGeek. Licensed in Florida, Brenna is qualified to advise on medical insurance, disability, long-term care, critical illness, Medicare Supplements and Medicare Advantage Plans. She combines her experience in content production with expert insight into state, regional and local health insurance markets and policies. Brenna has also earned a Bachelor of Science and Master of Arts in Applied Sociology from the University of Central Florida.