How to Find the Best Indiana Medicare Advantage Plans

The best Medicare Advantage Plan in Indiana is the one that provides you with the benefits and coverages that you need. To assist you in finding a suitable plan, MoneyGeek compiled the top-rated plans in the state with broad benefits and widespread availability. In Indiana, the best PPO and HMO plans are Aetna Medicare Value Plan and IU Health Plans Medicare Select Plus, respectively.

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Last Updated: 9/23/2022
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MoneyGeek's guide shows you widely-available plans in Indiana with the highest rating based on the five-star quality rating system from Centers for Medicare & Medicaid Services (CMS). Our study shows the best Medicare Advantage Plans in Indiana based on different plan types, whether you need drug coverage or want to limit out-of-pocket costs.

The best for you may be different from these generalizations. Checking which hospitals and providers are in the network of the plan you purchase can be helpful when deciding if the plan is right for you.

If you're not looking for a Medicare Advantage plan but want to cover out-of-pocket costs that your base Medicare plan doesn't cover, MoneyGeek also ranked the best Medicare Supplement Plans in Indiana.

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Best Medicare Advantage Plans in Indiana

Best Medicare Advantage Plan in Indiana - Overall

One way shoppers can find the best Medicare Advantage Plan in Indiana is to compare different plans and see which ones offer the kind of coverage they need.

MoneyGeek found that the Aetna Medicare Value PPO Plan from Aetna Medicare is the best in Indiana if you need drug coverage, common benefits like vision, hearing and fitness coverages and a high star rating from the Centers for Medicare & Medicaid Services.

A Preferred Provider Organization (PPO) plan is more expensive than an HMO plan. However, it has a wider network and is more flexible when it comes to choosing your preferred specialist.

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Aetna Medicare

MoneyGeek found that the Aetna Medicare Value Plan is the best choice for a Medicare Advantage Plan in Indiana for those looking for a PPO plan.

The details of the plan include:

  • No monthly premiums
  • Includes drug coverage
  • An in-network max-out-of-pocket limit of $4,750
  • An overall star rating of 4.5 out of 5

Aetna Medicare’s Value plan has all the six common additional benefits, including vision, dental, hearing, fitness, worldwide emergency and telehealth. It also received the highest rating from the CMS and offers Part D drug coverage.

Having worldwide emergency included in its benefits makes it a good choice for travelers.

Best HMO Medicare Advantage Plan in Indiana

Depending on the benefits that you’re looking for in a plan, the best for you may be different from other shoppers.

MoneyGeek’s research found that the IU Health Plans Medicare Select Plus plan from Indiana University Health Plans is the best HMO Medicare Advantage Plan in Indiana for shoppers who are looking for drug coverage, a high star rating from the CMS and common benefits like vision, dental, hearing and transportation.

A Health Maintenance Organization or HMO plan is cheaper than other plan types like PPOs. However, with an HMO plan, you can only consult with specialists and providers that are within your network. You will also need to get a referral before seeing one.

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IU Health Plans

MoneyGeek found that the IU Health Plans Medicare Select Plus plan is the best HMO Medicare Advantage Plan in Indiana.

Here’s a summary of its details:

  • No monthly premiums
  • Includes drug coverage
  • Annual drug deductible of $200
  • An in-network MOOP limit of $2,950
  • An overall star rating of 4.5 out of 5 from CMS

IU Health Plans Medicare Select Plus has all the common benefits, which includes vision, dental, hearing, fitness, worldwide emergency and telehealth. It received the highest rating from the CMS. This plan also offers Medicare Part D coverage.

Best Medicare Advantage Plan in Indiana Without Drug Coverage

In Indiana, you will have more options if you don’t require Part D prescription drug coverage.

MoneyGeek’s findings show that whether or not you require drug coverage, IU Health Plans Medicare Select Plus HMO plan from Indiana University Health Plans is an excellent choice. It has the core benefits and a high star rating from the Centers for Medicare & Medicaid Services. Since prescription drug coverage is not mandatory, you can opt-out of this benefit.

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IU Health Plans

IU Health Plans Medicare Select Plus could be the best Medicare Advantage Plan in Indiana regardless of if you require drug coverage.

The plan details are below:

  • No monthly premium
  • An in-network MOOP limit of $2,950
  • An overall star rating of 4.5 out of 5 from CMS

All the common benefits are included in the IU Health Plans Medicare Select Plus plan, including vision, dental, hearing, fitness, worldwide emergency and telehealth. It also received a high rating from the CMS.

Best Medicare Advantage Plan in Indiana for Low Max Out-of-Pocket Costs

Medicare Advantage Plans tend to have low premiums or none at all. However, in most cases, this also means high out-of-pocket costs. To avoid this, a plan with a low in-network max-out-of-pocket limit is the preferable choice.

For a sample shopper in Indiana who wants to find a plan with a low in-network max out-of-pocket costs, MoneyGeek discovered that the Aetna Medicare Premier PPO plan from Aetna Medicare might be the best choice. It provides drug coverage, has a total of six common benefits and has a high star rating from CMS.

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Aetna Medicare

By filtering out plans with high max out-of-pocket limits, MoneyGeek found that the best Medicare Advantage plan in Indiana is the Aetna Medicare Premier plan from Aetna Medicare. This is best for shoppers who want to avoid high out-of-pocket costs regardless if they need or don’t need prescription drug coverage.

Here’s what you can expect when you buy this plan:

  • Monthly premium of $29
  • An in-network MOOP limit of $3,900
  • An overall star rating of 4.5 out of 5 from CMS

Having lower MOOP can help protect you from excessive costs. After you max out the MOOP limit of $3,900, this health plan will cover 100% of the costs of the covered benefits. This is especially helpful if you have significant medical needs within the year. Since this is a PPO plan, a separate out-of-network MOOP of $8,500 also applies.

Medicare Advantage Plan in Indiana - Statistics

In Indiana, there are 14 healthcare companies that provide Medicare Advantage Plans. The statistics about Medicare Advantage in Indiana found below might help you determine which plan features are uncommon versus prevalent.

1

Indiana Medicare Advantage Plans are a mix of HMO, PPO, PFFS and MSA, with 75.3% offering drug coverage

Preferred Provider Organization (PPO) plans account for 59.4% of all plans available in Indiana. Health Maintenance Organizations (HMO) plans account for 32.2% of all policies, while Private Fee-For-Service account for 2.3% of the policies and Medical Savings Accounts make up 6.1% of policies in the state. About 75.3% of these plans cover prescription drugs.

2

About 52% of Medicare Advantage Plans in Indiana have $0 premiums

In Indiana, there are 45 different plans with $0 premiums. That equates to 52% of all Medicare Advantage Plans on the market. The remaining 48%, on the other hand, charge a monthly premium of $43.80 on average.

3

Hearing, fitness and telehealth benefits are common in Indiana, with most plans offering them

Hearing, fitness and telehealth are the most common benefits in Indiana. Home safety devices & modifications, in-home support and emergency response devices are the most uncommon.

Methodology

MoneyGeek collected data from the Centers for Medicare & Medicaid Services 2022 MA Landscape Source Files released in October 2021. Plans in Indiana were filtered down to those that offer drug coverage (unless otherwise noted), offer six of the most common Medicare Advantage coverage benefits and are available to at least 50% of the population of Indiana based on county availability.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.