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Best Cheap Health Insurance in Indiana 2022

Best Cheap Health Insurance in Indiana 2022

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The cheapest health insurance in Indiana is the CareSource Marketplace Low Premium Silver plan, which was the most affordable plan in all 92 counties in the state.

Indiana residents can find cheap health insurance on their state exchange, but the best plan depends on your medical condition, financial situation and the region in which you live.

Cheapest health insurance coverage by metal tier

The average health insurance premium in Indiana for a 40-year-old across all metal tiers is $437 per month. This represents a 4% decrease in the average cost of coverage compared to 2021.

We compared Indiana plans by metal tier and identified the most affordable health insurance policy in the state for each level of coverage. There are four levels of coverage offered on the state marketplace, and we recommend using the table below as a baseline when comparing the different costs and benefits among metal tiers.

Metal tier
Cheapest plan
Monthly cost
Maximum out-of-pocket
BronzeAmbetter Essential Care 1$367$8,600$8,600
Bronze ExpandedCareSource Marketplace Bronze First$313$7,700$8,700
SilverCareSource Marketplace Low Premium Silver$378$6,500$8,700
GoldAmbetter Secure Care 5$548$1,450$6,300

For example, the CareSource Marketplace Low Premium Silver is the cheapest Silver plan. It comes with a minimum monthly premium of $378 for a 40-year-old, but it has a deductible of $6,500. On the other hand, the minimum monthly premium for the cheapest Gold plan, the Ambetter Secure Care 5, is $548. But the Gold health insurance policy has a much more affordable deductible of $1,450.

Cheapest health insurance companies in Indiana

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The age of each person insured and coverage tier are two important factors that affect your monthly premium. As your age increases, premiums across all metal tiers increase. For example, a 40-year-old would pay an average of $486 less per month than a 60-year-old for a Silver health plan in Indiana. But that same 40-year-old would pay premiums 28% more expensive than what a 21-year-old would pay.


Finding your best health insurance coverage in Indiana

The best health insurance in Indiana for you will depend on the county you live in, as the same policy may have different rates depending on your location. Your income will also play a role. Indiana expanded Medicaid under the Affordable Care Act, so you can qualify for coverage if your household income is up to 138% of the federal poverty level.

Gold is the highest tier, followed by Silver, Expanded Bronze and Bronze. Premiums for Gold plans are more expensive than for Silver plans, but these policies offer significantly lower out-of-pocket expenses, such as deductibles, copays and coinsurance.

If you have high recurring medical costs, such as expensive prescriptions, or you think you may become sick, a Gold plan may be the most cost-effective option for you. On the other hand, if you are young, healthy and have no expected medical costs in the near future, a lower-tier plan will keep your monthly premiums low while ensuring you have coverage in case of any medical emergencies.

Gold plans: best for high expected medical costs

If you use or expect to use your insurance often, Gold plans will typically offer you the best balance of costs since they tend to offer lower deductibles and copays. This will offset the higher monthly rates you can typically expect to pay for Gold policies. Ultimately, these health plans are best if you have high expected medical costs, such as chronic conditions that may require regular medical attention, or you're concerned about being able to pay out of pocket for an unexpected situation.

The cheapest Gold plan in Indiana is the Ambetter Secure Care 5. Compare all tiers in the state above.

Silver plans: best for people with low income or average medical costs

Silver plans are a good balance between the higher monthly premiums in a Gold plan and the higher out-of-pocket costs in Bronze plans. If your household income falls between 139% and 250% of the national poverty level, you can qualify for cost-sharing reduction (CSR) subsidies, which would lower your out-of-pocket expenses even more. Typical Silver plans cover about 70% of your health care costs, while you pay 30%. With CSR subsidies, you could qualify for a Silver plan that covers up to 94% of your health care costs.

The cheapest Silver plan in Indiana is the CareSource Marketplace Low Premium Silver. Compare all tiers in the state above.

Bronze plans: best for young, healthy people

Bronze plans offer lower monthly premiums compared to Silver and Gold plans. However, they come with lower coverage, meaning higher out-of-pocket costs like deductibles, copays or coinsurance. This means if you need medical care during the year, you would have to pay more money before coverage kicks in. We don’t recommend these policies unless you can afford the higher deductibles, copays and coinsurance in case of a medical emergency.

Expanded Bronze plans are a plan tier introduced four years ago. This tier increases the coverage on a typical Bronze plan, which may cover about 60% of your health care costs. The Expanded Bronze plans cover up to about 65% of your costs.

The cheapest Bronze plan in Indiana is the Ambetter Essential Care 1. Compare all tiers in the state above.

Short-term health insurance in Indiana

In Indiana, short-term health insurance is available. The state allows plan terms of up to 364 days with a maximum of 36 months if you choose to renew.

Short-term health insurance may be an ideal option for coverage if you are currently between jobs or missed open enrollment. However, in Indiana, these plans do not cover the essential health benefits laid out in the Affordable Care Act (ACA). Therefore, if you purchased a short-term plan, you would likely receive no coverage for preexisting conditions or the essential health benefits.

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Best cheap health insurance companies in Indiana

There are currently three health insurance companies on the Indiana state exchange. These issuers are CareSource Indiana Inc., Celtic Insurance Company/Ambetter and Anthem Blue Cross and Blue Shield.

Cheapest health insurance plan by county

We compared the most affordable Silver policies available on the state exchange by county to help you get started on your search for the best health insurance plan in Indiana. The table below shows which policy has the best rates for your county, as well as sample monthly premiums for an individual, couple and family of three.

County name
Cheapest plan
Age 40
Couple, age 40
Couple, age 40 & child
AdamsCareSource Marketplace Low Premium Silver$378$755$981
AllenCareSource Marketplace Low Premium Silver$378$755$981
BartholomewCareSource Marketplace Low Premium Silver$378$755$981
BentonCareSource Marketplace Low Premium Silver$378$755$981
BlackfordCareSource Marketplace Low Premium Silver$378$755$981
BooneCareSource Marketplace Low Premium Silver$378$755$981
BrownCareSource Marketplace Low Premium Silver$378$755$981
CarrollCareSource Marketplace Low Premium Silver$378$755$981
CassCareSource Marketplace Low Premium Silver$378$755$981
ClarkCareSource Marketplace Low Premium Silver$378$755$981
ClayCareSource Marketplace Low Premium Silver$378$755$981
ClintonCareSource Marketplace Low Premium Silver$378$755$981
Show All Rows

Average cost of health insurance by family size

The cost of health insurance for your family in Indiana will largely be affected by the tier and health plan you select, the number of people covered and their ages. Adding children to your health insurance plan will cost an additional flat rate for coverage until they are 15 years old. Upon reaching age 15, the monthly rate will increase as they grow older.

For example, the average monthly premium on a Silver plan for a family of three, assuming two 40-year-old parents and a child, is $1,124 in Indiana. If you were to add another child to the plan, the monthly premium would increase by $259. For a family of five, the average total monthly health insurance rate would be $1,642.

Family size
Average cost
Individual + Child$691
Couple Age 40$865
Family of three (Adult couple and a child)$1,124
Family of four (Adult couple and two children)$1,383
Family of five (Adult couple and three children)$1,642

Adults are 40 years old, while children are 14 or younger.

Health insurance rate changes in Indiana

Health insurance policy premiums are set by insurers on the marketplace, then sent to the Indiana exchange for approval. Between 2021 and 2022, the average cost of health insurance in Indiana decreased by 4% across all plans. The cost of a Gold plan decreased 5% — the largest change of any metal tier. The cost of Bronze Expanded plans decreased the least, by just 2%.

Metal tier
Change 2022 vs. 2021
Bronze Expanded$332$372$365-2%

Rates are based on a 40-year-old adult.


Rates and health insurance policy information for Indiana were sourced from the Centers for Medicare & Medicaid Services (CMS) government website. The data used in this analysis was based on the CMS Public Use Files (PUF). ValuePenguin then calculated the average premiums across metal tier, family size and region. Plans and providers for which county-level data was included in the CMS Crosswalk file were used in our analysis; those excluded from this dataset may not appear.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.


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