Cheapest Indiana Health Insurance (2023 Plans)

Indiana residents who want different coverage than Silver plans may consider other marketplace options. Cigna has the lowest monthly premiums for Bronze and Expanded Bronze plans, while Ambetter may work for those seeking the most affordable Gold plan.

MoneyGeek also found the best health insurance in Indiana by analyzing providers and plans balance cost and service.

Anthem Silver Pathway Essentials 5800 Std from Anthem (BCBS) is the least expensive HMO plan for the average Indiana resident, at around $413 per month.

Health insurance plans are divided into tiers, with the lowest generally offering the least coverage at the cheapest premiums.

Here's a list of the most affordable health insurance plans in Indiana by tier and average monthly cost:

• Bronze: Cigna Simple Choice 9100 ($324 per month)
• Expanded Bronze: Cigna Simple Choice 7500 ($339 per month)
• Silver: Cigna Simple Choice 5800 ($385 per month)
• Gold: CMS Standard Gold ($514 per month)

Paying for a higher premium usually results in a lower deductible and out-of-pocket maximum.

MoneyGeek discovered the most affordable Silver plan is Anthem Silver Pathway Essentials 5800 Std from Anthem (BCBS). It costs around $413 per month.

In this tier, the three cheapest health insurance in Indiana are:

• Anthem Silver Pathway Essentials 5800 Std from Anthem (BCBS): $413 per month
• Anthem Silver Pathway Essentials 6550 ($0 Virtual PCP + $0 Virtual Chat + $0 Select Drugs) from Anthem (BCBS): $415 per month
• Anthem Silver Pathway Essentials 6000 ($0 Virtual PCP + $0 Virtual Chat + $0 Select Drugs) from Anthem (BCBS): $417 per month

Silver plans are often referred to as "middle-tier" because they offer a reasonable blend of cost and coverage. This category is often right for people with moderate health care needs.

In this section, MoneyGeek focuses its recommendations on HMO plans since they are the most widely accessible in Indiana. However, note that they aren't necessarily the cheapest Silver plan options.

Ambetter's CMS Standard Gold is Indiana’s most affordable Gold health insurance. The monthly cost is around $514.

Overall, these three are the cheapest gold options:

• CMS Standard Gold from Ambetter: $514 per month
• Everyday Gold from Ambetter: $517 per month
• Ambetter Virtual Access Gold - Virtual PCP selection required from Ambetter: $518 per month

Gold is the most expensive health insurance plan option because it's the most comprehensive. You get what you pay for, even in health insurance.

The most affordable Bronze plan in Indiana, the Cigna Simple Choice 9100 from Cigna, costs about $324 per month.

The three least expensive options in this tier are:

• Cigna Simple Choice 9100 from Cigna: $324 per month
• Anthem Bronze Pathway Essentials 6550 ($0 Virtual PCP + $0 Virtual Chat + $0 Select Drugs) from Anthem (BCBS): $328 per month
• Anthem Bronze Pathway Essentials 9100 Std from Anthem (BCBS): $330 per month

Bronze plans are typically the least expensive of the standard health insurance options. In exchange, you have to pay for more out of pocket when the need arises.

We found that Cigna's Cigna Simple Choice 7500, at $339 per month, is the least expensive.

The three cheapest health insurance options in Indiana for this tier are:

• Cigna Simple Choice 7500 from Cigna: $339 per month
• Cigna Connect 6800 Enhanced Diabetes Care from Cigna: $340 per month
• Cigna Connect 7600 Enhanced Asthma COPD Care from Cigna: $340 per month

Expanded Bronze plans have a lot in common with traditional Bronze plans, except the former offer additional coverage for a bit more money.

You may qualify for reduced copayments if your household income is less than 250% of the Federal Poverty Level (FPL).

The lowest-cost plan in Indiana is the Cigna Simple Choice 5800. Its maximum out-of-pocket cost adjustments are as follows:

• Income lower than $20,385 per year (less than 150% of FPL): Cigna Simple Choice 5800 ($1,700 MOOP)
• Income from $28,386 to $27,180 per year (151% to 200% of FPL): Cigna Simple Choice 5800 ($3,000 MOOP)
• Income from $27,181 to $47,565 per year (201% to 250% of FPL): Cigna Simple Choice 5800 ($7,200 MOOP)

These cost-sharing estimates assume you're a single adult in Indiana. They may differ if your household includes more than one person.

Indiana residents can choose from two types of health insurance plans: HMO and EPO.

MoneyGeek identified that the least expensive health insurance plan for the latter is:

• EPO: Cigna Simple Choice 5800 from Cigna ($385 per month)

HMOs and EPOs are managed care plans offering services in a specified network of doctors and hospitals. EPO members, however, can receive services from providers outside their plan's network, giving them more flexibility than HMO members.

Insurance carriers in Indiana don't have to offer plans statewide. Residents in some counties may buy different plans or see different prices for the same plan.

Consider the Silver plans in the most and least populated counties in Indiana: Marion and Ohio, respectively:

• Marion County: Anthem Silver Pathway Essentials 5800 Std ($432 per month)
• Ohio County: CareSource Marketplace Low Premium Silver ($432 per month)

The following table shows the different Silver plans that are available in your county:

The average monthly health insurance premium for a 40-year-old in Indiana varies depending on the metal tier. Lower-level metal tiers are less expensive but have higher deductibles.

Here's how it impacts the average monthly premium for a 40-year-old in Indiana:

• Bronze: $716
• Expanded Bronze: $1,121
• Silver: $862
• Gold: $1,177

Costs may also vary by age group. For example, the average monthly premium for a Silver plan for middle-aged adults is $862; for young adults, it's $616; and for seniors, it's $1,831.

MoneyGeek used data from private health insurance plans in Indiana to find the most affordable options. These plans can be purchased during their annual open enrollment periods.

If you have a low income, are a senior or have a disability, you may be eligible for Medicaid or Medicare. These government programs provide health care at lower costs.

In Indiana, you must enroll in a health plan during an open enrollment period of November 1 to December 15. During this time, you can change or add to your current plan. Coverage begins at the start of the next calendar year.

Health insurance in Indiana comes in Bronze, Expanded Bronze, Silver and Gold tiers. Each has characteristics making it worthwhile for some people.

• Bronze plans have lower monthly premiums than Silver plans but have higher out-of-pocket costs for care. A Bronze plan may be the right choice if you're healthy and want to save on your monthly premium.
• Expanded Bronze plans are like Bronze plans but offer more coverage for an extra charge. If you have high-deductible health insurance and want slightly more coverage, an Expanded Bronze plan might be the best option.
• Silver plans are designed for people seeking moderate out-of-pocket costs and premiums. Cost-sharing reductions may be available. This is generally recommended for healthy people who can afford life's "just in case" costs.
• Gold plans provide the most comprehensive benefits and have lower deductibles than the other tiers.

The Indiana Medicaid program offers a range of health coverage options to people with low incomes or with certain disabilities. Depending on eligibility, you may receive benefits like doctor's services, medication and hospital stays.

Medicaid recipients usually don't have to pay for their medications and health care services, but they may be responsible for a small fee.

Medicare is the government’s health insurance program for the elderly. People 65 years old or older, with disabilities, and veterans are eligible to apply. This program covers hospital and medical insurance along with prescription drugs.

When you’re enrolled in Medicare, you pay monthly premiums for health and drug coverage. You also might have to pay additional amounts out of pocket for care.

The best Medicare Advantage and the best Medicare Supplement plans in Indiana are also available. These help guide people who want to complement their existing policies with offers from private companies.

Health insurance can be confusing, especially for first-timers. MoneyGeek answers some of the most common questions from people looking for health insurance in Indiana to help you get started: