Best Cheap Health Insurance in Indiana 2019

Find the Cheapest Health Insurance Quotes in Your Area

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Residents of Indiana 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. We analyzed all health insurance plans in Indiana and found that either the CareSource Low Premium Silver or **Ambetter Balanced Care 5 ** was the cheapest Silver policy in every county. However, the monthly rates may differ by county. Ambetter's policy, for instance, costs between $238 and $366 per month for a 30-year-old depending on where you live in Indiana.

Cheapest Health Insurance Coverage by Metal Tier

We compared Indiana health insurance plans by metal tier and identified the cheapest policy in the state for each level of coverage. There are four different levels of coverage offered on the state marketplace, and we recommend using the table below as a baseline in comparing the different costs and benefits between each metal tier. For example, the Ambetter Balanced Care 5 is the cheapest Silver plan. It comes with a minimum monthly premium of $268 for a 40-year-old, but it has a deductible of $7,350. On the other hand, the minimum monthly premium for the cheapest Gold plan, the Ambetter Secure Care 1 with 3 Free PCP Visits, is $377. But the Gold health insurance policy has a much more affordable deductible of $1,000.

Metal tierCheapest planDeductibleOut-of-pocket maximumMonthly cost for 40-year-old
BronzeCareSource Bronze$7,250$7,350$259.55
Expanded BronzeCareSource Federal Simple Choice Bronze$6,650$7,350$293.60
SilverAmbetter Balanced Care 5$7,350$7,350$267.68
GoldAmbetter Secure Care 1 with 3 Free PCP Visits$1,000$6,350$377.19

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 on average $415 less per month than a 60-year-old for a Silver health plan in Indiana. But for a Gold plan, a 60-year-old would pay an average of $535 more per month than a 40-year-old, which is a difference of 112%.

Average Monthly Cost of Health Insurance Plans by Metal Tier in Indiana

Finding the Best Health Insurance Coverage in Indiana

The best cheap health insurance in Indiana will depend on the county you live in, as the same policy may have different rates depending on where you live. Your income will play a role as well. 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, like deductibles, copays and coinsurance. So 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, then 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, then 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 constant medical attention, or you're concerned about being able to pay out of pocket for an unexpected condition.

Silver Plans: Best for Those With Low Income or Average Medical Costs

Silver plans are a good balance between between the higher monthly premiums provided in a Gold plan and the higher out-of-pocket costs on 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 further lower your out-of-pocket expenses. Typical Silver plans cover about 70% of your health care costs while you pay 30%. But with CSR subsidies, you could qualify for a Silver plan that covers up to 94% of your health care costs.

Bronze Plans: Best for Young, Healthy People

Bronze plans offer lower monthly premiums compared to Silver and Gold plans. However, this comes with lower coverage, meaning higher out-of-pocket costs like deductibles, copays or coinsurance. So, if you need medical care during the year, you would have to pay more money before coverage kicks in. We wouldn'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 new plan tier that was introduced in the past year. 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.

Short-Term Health Insurance in Indiana

In Indiana, short-term health insurance is available; however, the state does not follow federal guidelines for this type of policy and instead sets its own regulations. This includes restricting the maximum length of the policy to six months and not allowing any renewals after the initial term.

Short-term health insurance may be a good 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.

Best Cheap Health Insurance Companies in Indiana

Although Indiana had four insurance companies on the health insurance marketplace in 2017, Anthem and MDwise left at the end of the year. Today, there are two health insurance companies on the Indiana state exchange: CareSource Indiana Inc. and Celtic Insurance Company. Although neither company is available in every county, together they cover the entire state. Out of the the two insurance companies available on the state exchange, CareSource is more widely available. CareSource offers policies in 79 counties versus 49 counties for Celtic. Regardless of availability, both companies provide affordable insurance options for all coverage tiers.

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. Below, you can see which policy has the best rates for your county, as well as sample monthly premiums for an individual, couple and family of three.

CountyCheapest Silver planSingle adult, age 40Couple, age 40Couple, age 40, and child
AdamsAmbetter Balanced Care 5$284$568$738
AllenCareSource Low Premium Silver$315$630$819
BartholomewCareSource Low Premium Silver$351$703$913
BentonCareSource Low Premium Silver$371$743$965
BlackfordCareSource Low Premium Silver$343$685$890
BooneAmbetter Balanced Care 5$364$729$947
BrownCareSource Low Premium Silver$368$735$955
CarrollCareSource Low Premium Silver$340$681$885
CassCareSource Low Premium Silver$319$637$828
ClarkAmbetter Balanced Care 5$296$592$769
ClayCareSource Low Premium Silver$389$778$1,011
ClintonCareSource Low Premium Silver$340$681$885
CrawfordCareSource Low Premium Silver$298$597$775
DaviessAmbetter Balanced Care 5$268$535$696
DeKalbAmbetter Balanced Care 5$284$568$738
DearbornCareSource Low Premium Silver$328$657$854
DecaturCareSource Low Premium Silver$351$703$913
DelawareCareSource Low Premium Silver$343$685$890
DuboisAmbetter Balanced Care 5$268$535$696
ElkhartCareSource Low Premium Silver$299$599$778
FayetteCareSource Low Premium Silver$357$714$927
FloydAmbetter Balanced Care 5$296$592$769
FountainCareSource Low Premium Silver$340$681$885
FranklinCareSource Low Premium Silver$328$657$854
FultonAmbetter Balanced Care 5$329$658$855
GibsonAmbetter Balanced Care 5$320$641$833
GrantCareSource Low Premium Silver$343$685$890
GreeneCareSource Low Premium Silver$295$589$765
HamiltonAmbetter Balanced Care 5$364$729$947
HancockCareSource Low Premium Silver$357$714$927
HarrisonAmbetter Balanced Care 5$296$592$769
HendricksAmbetter Balanced Care 5$364$729$947
HenryCareSource Low Premium Silver$357$714$927
HowardCareSource Low Premium Silver$319$637$828
HuntingtonAmbetter Balanced Care 5$284$568$738
JacksonCareSource Low Premium Silver$351$703$913
JasperCareSource Low Premium Silver$371$743$965
JayCareSource Low Premium Silver$343$685$890
JeffersonCareSource Low Premium Silver$298$597$775
JenningsCareSource Low Premium Silver$351$703$913
JohnsonCareSource Low Premium Silver$368$735$955
KnoxAmbetter Balanced Care 5$268$535$696
KosciuskoAmbetter Balanced Care 5$356$711$924
La PorteCareSource Low Premium Silver$306$612$795
LaGrangeCareSource Low Premium Silver$311$623$809
LakeAmbetter Balanced Care 5$329$659$856
LawrenceCareSource Low Premium Silver$368$735$955
MadisonCareSource Low Premium Silver$357$714$927
MarionAmbetter Balanced Care 5$364$729$947
MarshallCareSource Low Premium Silver$299$599$778
MartinCareSource Low Premium Silver$295$589$765
MiamiCareSource Low Premium Silver$319$637$828
MonroeCareSource Low Premium Silver$368$735$955
MontgomeryCareSource Low Premium Silver$340$681$885
MorganAmbetter Balanced Care 5$364$729$947
NewtonCareSource Low Premium Silver$371$743$965
NobleCareSource Low Premium Silver$311$623$809
OhioCareSource Low Premium Silver$328$657$854
OrangeCareSource Low Premium Silver$295$589$765
OwenCareSource Low Premium Silver$368$735$955
ParkeCareSource Low Premium Silver$389$778$1,011
PerryCareSource Low Premium Silver$295$589$765
PikeCareSource Low Premium Silver$295$589$765
PorterAmbetter Balanced Care 5$329$659$856
PoseyAmbetter Balanced Care 5$320$641$833
PulaskiAmbetter Balanced Care 5$329$658$855
PutnamCareSource Low Premium Silver$340$681$885
RandolphCareSource Low Premium Silver$343$685$890
RipleyCareSource Low Premium Silver$328$657$854
RushCareSource Low Premium Silver$351$703$913
ScottCareSource Low Premium Silver$298$597$775
ShelbyAmbetter Balanced Care 5$364$729$947
SpencerCareSource Low Premium Silver$295$589$765
St. JosephCareSource Low Premium Silver$299$599$778
StarkeCareSource Low Premium Silver$299$599$778
SteubenAmbetter Balanced Care 5$284$568$738
SullivanCareSource Low Premium Silver$389$778$1,011
SwitzerlandCareSource Low Premium Silver$328$657$854
TippecanoeCareSource Low Premium Silver$340$681$885
TiptonCareSource Low Premium Silver$340$681$885
UnionCareSource Low Premium Silver$357$714$927
VanderburghAmbetter Balanced Care 5$320$641$833
VermillionCareSource Low Premium Silver$389$778$1,011
VigoCareSource Low Premium Silver$389$778$1,011
WabashCareSource Low Premium Silver$311$623$809
WarrenCareSource Low Premium Silver$371$743$965
WarrickAmbetter Balanced Care 5$320$641$833
WashingtonCareSource Low Premium Silver$298$597$775
WayneCareSource Low Premium Silver$357$714$927
WellsAmbetter Balanced Care 5$284$568$738
WhiteCareSource Low Premium Silver$371$743$965
WhitleyAmbetter Balanced Care 5$284$568$738

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. Upon reaching 15, the monthly rate will increase as they grow older.

For example, the average monthly premium on a Silver plan for a family of four, assuming two 40-year-old parents and a child, is $1,182 in Indiana. If you were to add another child to the plan, the monthly premium would increase by $221. So for a family of five, the total monthly health insurance rate would be $1,403.

Family sizeAverage monthly cost of health plan
Single adult$370
Adult couple$739
Family of three (adult couple and a child)$960
Family of four (adult couple and two children)$1,182
Family of five (adult couple and three children)$1,403
Adults are assumed to be 40 years old. Sample rates are based on the average cost for a Silver plan in Indiana.

Comments and Questions

Editorial Note: The editorial content on this page is not provided or commissioned by any financial institution. Any opinions, analyses, reviews, statements or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by any of these entities prior to publication.