The most affordable health insurance policies in Indiana are offered by Anthem, with an average monthly premium of $540. Anthem offers the best overall affordability statewide, though options differ by county. Consider Cigna Healthcare, UnitedHealthcare, Ambetter and Caresource for competitive health plan rates in the state.
Cheapest Health Insurance in Indiana (2026)
Updated: December 21, 2025
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Key Takeaways
Anthem offers the lowest health insurance rates in Indiana with monthly premiums averaging $540, making it 20% cheaper than the state average.
Anthem provides the most affordable coverage for young adults, adults, seniors and HMO plans in Indiana, while Cigna Healthcare offers the cheapest EPO plans at $573 monthly.
Choose your coverage level based on your budget, verify subsidy eligibility and get quotes from multiple insurers to find the best rates.
Most Affordable Health Insurance Companies in Indiana
| Anthem | $540 | $127 | $6,480 | $1,524 |
| Cigna Healthcare | $665 | $2 | $7,980 | $24 |
| UnitedHealthcare | $672 | $5 | $8,064 | $60 |
| Ambetter | $696 | $29 | $8,352 | $348 |
| Caresource | $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.
Anthem
MoneyGeek Rating
5/ 5
5/5Affordability
5/5Deductible
5/5MOOP
Average Monthly Rate
$540Average MOOP
$6,664Average Deductible
$4,400
Cheapest Indiana Health Insurance Providers by Profile
We've outlined the most affordable companies in Indiana. Your ideal plan varies based on age, plan type preference and metal level. You should also weigh premiums against deductibles and maximum out-of-pocket (MOOP) costs.
| Children | Anthem | $289 | $3,464 | $5,224 | $2,861 |
| Teens | Anthem | $344 | $4,134 | $5,224 | $2,861 |
| Young Adults | Anthem | $386 | $4,636 | $5,224 | $2,861 |
| Adults | Anthem | $482 | $5,787 | $5,224 | $2,861 |
| HMO | Anthem | $482 | $5,787 | $5,224 | $2,861 |
| With Health Savings Account Eligibility | Anthem | $497 | $5,969 | $8,450 | $3,500 |
| EPO | Cigna Healthcare | $573 | $6,873 | $5,802 | $3,187 |
| Seniors | 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.
Cheapest Indiana Health Insurance by Metal Level
Your metal tier choice affects your monthly premiums and out-of-pocket costs when you need medical care. Bronze plans offer the cheapest monthly payments but require more cost-sharing when you visit doctors. Platinum plans cost more each month but minimize expenses for medical visits. Infrequent visits make Bronze plans economical, while regular health care needs favor Gold or Platinum coverage.
Anthem provides the most affordable Indiana health insurance for both Bronze and Silver plans at $408 and $482, respectively. For higher-tier coverage, Ambetter offers the cheapest Gold plans at $711, while Caresource has the lowest Platinum rates at $1,148. Choose based on your health care needs.
| Catastrophic | Anthem | $401 | $4,807 | $10,600 | $10,600 |
| Bronze | Anthem | $408 | $4,897 | $7,613 | $7,613 |
| Expanded Bronze | Anthem | $425 | $5,105 | $7,556 | $4,875 |
| Silver | Anthem | $482 | $5,787 | $5,224 | $2,861 |
| Gold | Ambetter | $711 | $8,530 | $5,550 | $863 |
| Platinum | Caresource | $1,148 | $13,770 | $3,900 | $0 |
* Rates shown are the provider's average at the given metal tier for 40-year-olds.
Compare Cheap Indiana Health Insurance Plans
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 | HMO | Silver | $5,543 | $3,543 | 40 | No |
| Anthem | Anthem Silver Essential 6000 Standard ($0 Virtual Pcp + $0 Select Drugs + Incentives) | $479 | HMO | Silver | $5,657 | $3,100 | 40 | No |
| Anthem | Anthem Heart Healthy Silver Essential 4500 ($0 Virtual Pcp + $0 Select Drugs + Incentives) | $480 | HMO | Silver | $5,436 | $2,650 | 40 | No |
| Anthem | Anthem Silver Essential 7000 Adult Dental/Vision ($0 Virtual Pcp + $0 Select Drugs + Incentives) | $481 | HMO | Silver | $5,543 | $3,543 | 40 | No |
| Anthem | Anthem Silver Essential 3500 Hsa (+ Incentives) | $497 | HMO | Silver | $3,940 | $1,470 | 40 | No |
| Ambetter | Standard Silver | $538 | HMO | Silver | $5,657 | $3,100 | 40 | No |
| Ambetter | Focused Silver | $543 | HMO | Silver | $5,321 | $3,436 | 40 | No |
| Ambetter | Standard Silver + Vision + Adult Dental | $553 | HMO | Silver | $5,657 | $3,100 | 40 | No |
| Ambetter | Focused Silver + Vision + Adult Dental | $557 | HMO | Silver | $5,321 | $3,436 | 40 | No |
| Caresource | Low Premium Silver 6200 $3 Generic Drugs | $588 | HMO | Silver | $5,979 | $3,629 | 40 | No |
How to Find the Cheapest Health Insurance in Indiana
Follow these steps to identify affordable coverage that fits your health care requirements.
- 1Choose a plan type within your budget
Your ideal coverage depends on your health status and financial situation. Determine how much you can spend monthly on premiums, then assess your medical needs and risk factors like age and lifestyle. The right type of plan balances affordability with adequate coverage.
- 2Check if you qualify for subsidies
Your family size and annual income determine whether you're eligible for 2026 health insurance subsidies. These financial credits help people earning between 100% and 400% of the Federal Poverty Level. Families with lower incomes get bigger subsidies.
- 3Explore Medicare options if you qualify
Adults 65 and older should look into Medicare programs first. Both Medicare Advantage plans and Medicare Supplement plans often cost less than marketplace insurance and provide greater choice in doctors and coverage options.
- 4Verify prescription coverage
Check each plan's drug formulary for medications you take regularly. Insurance companies place drugs on different cost tiers, and some plans offer better pricing on common prescriptions than others.
- 5Shop during Open Enrollment period
The annual enrollment window runs from November 1 through January 15. You can also enroll outside this period if you have a qualifying life event like job loss, divorce or a new baby.
When comparing options, evaluate coverage types, insurer ratings, total costs and whether your doctors accept the plan.
- 6Review network providers carefully
Make sure your current doctors and preferred hospitals participate in any plan you're considering. Out-of-network care costs much more, and some plans require referrals to see specialists. Contact providers directly to confirm they accept the specific plan, not just the insurance company.
Cheapest Health Insurance in Indiana: Bottom Line
The cheapest health insurance providers in Indiana are Anthem, Cigna Healthcare and UnitedHealthcare. These are our recommendations, though you should get quotes from multiple companies across different plan types and tiers.
Cheap Indiana Health Insurance: FAQ
Find answers to frequently asked questions about affordable health insurance in Indiana:
What is the cheapest health insurance in Indiana?
Anthem offers 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 (often $5,000 to $8,000 annually), limited provider networks that may force 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 may qualify for health insurance subsidies in Indiana if your household income falls between 100% to 400% of the Federal Poverty Level (roughly $15,060 to $60,240 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.
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.
How We Decided the Cheapest Health Insurance Companies in Indiana
We gathered plan information from the federal health insurance marketplace for consumers aged 18 to 60, specifically examining costs for 18, 26, 40, 50 and 60-year-olds. 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 typically mean higher deductibles and out-of-pocket maximums when you need care.
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About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.