One of the most popular options for persons that either are or will soon be unemployed is an Indiana short-term health insurance policy. It is the most inexpensive type of health insurance in Indiana and typically takes less than a day to have a policy approved. Rates are extremely low since a plan such as this provides benefits that are mostly subject to a deductible. UnitedHealthcare and Humana often offer the lowest prices in Indiana and you can view rates (for any type of policy) by providing your zip code at the top of the page.

If you are not working, it also may be important not to commit to any type of long-term policy where you are required to keep coverage for a year or longer. For that reason, it is advisable to pay your premiums on a monthly basis. Every company offers a monthly billing method and some will also allow you to be billed directly at home at no extra cost. Paying monthly simplifies the cancellation process in case you quickly find coverage through a new employer. and you are able to cancel a policy ay any time during the month.

But just because you are unemployed does not mean that comprehensive plans are not available. For families with young children, office visit and prescription benefits may be needed. To keep rates as low as possible, deductibles of $3,500 or higher can be utilized along with increased coinsurance limits. Much higher deductibles are typically available that will further reduce premiums. Self employed persons also like these options, since they can utilize rich benefits at a discounted rate.

To duplicate benefits that were available through an employer (or ex-employer), COBRA may be available, although coverage could be extremely costly. Often, private medical plans are less expensive for individuals and families in Indiana than COBRA. However, you would have to submit an application and be accepted. Most companies will approve applicants with pre-existing conditions. However, more serious conditions could cause the application to be denied. For example, if you were 50 pounds overweight and took medications for high cholesterol and elevated blood pressure, there is a large chance of having an application denied.

For single or married persons that have been without health care benefits AND have a serious medical condition (cancer or diabetes, for example), the Indiana Risk Pool (ICHIA) may be a strong option to consider. Rates are fairly reasonable and if you have been denied for coverage and meet other specific criteria, you can apply with them. This program has helped thousands of unemployed and/or low income qualified persons in Indiana obtain health insurance.

To put it quite simply…being unemployed doesn’t mean you can’t purchase cheap medical insurance in Indiana. Take a few moments to request a quote near the top portion of the page and you can view the best options!

Shop Around!

That’s right. You won’t know how much you can save unless you know what other carriers will charge you. There might be very little difference or you may save thousands of dollars each year. We make it easy for you to compare the best health care in Indiana. And with more than three decades of experience, we’re confident the quotes you view will be the least expensive options offered by the most reputable companies.

Only Pay For What You Need

Of course, it’s impossible to accurately predict what your medical expenditures are going to be in a given year. However, chances are that they will closely approximate the expenses from immediate prior years. Thus, if you have averaged about one annual non-preventive office visit in the last five years, there’s a good chance that that pattern will continue. And if your health is good, you can change plans at any time.

This should not be the sole criteria you use when making your health care choices. There also may be extra “add-ons” that you are not using or are likely to use, such as maternity benefits, generic prescription coverage with high copays and dental or vision benefits that may not be needed. But don’t delete any coverage without first consulting an experienced broker.

Consider an Indiana HSA

Indiana has very affordable Health Savings Account rates. Anthem and UnitedHealthcare are usually the carriers with the lowest rates. Humana and Medical Mutual are often “in the ballpark” and should be given some consideration.

With an HSA, you have much greater control over how your health care dollars are spent and who gets them. Usually, there is “Network” coverage which allows the insured to choose a doctor, specialist or other medical facility for treatment.

Although a “High Deductible” plan is required to accompany the HSA, the reduction in premiums offers the opportunity to deposit significant amounts of money in an account that pays for qualified expenses with tax-deferred dollars. You can freely take money out of the account since you retain complete control.

Is It Preventive?

Under most catastrophic AND comprehensive medical plans in Indiana, recognized preventive expenses are paid in full by the health insurance company. Clearly, it is important to closely monitor your billing statements and make sure they are coded correctly. If not, you may pay out of pocket for a procedure that should be covered in full. Since these lists tend to get updated every year, we’ll keep you current on any recent additions.

You select a deductible. The most popular options are $2,500, $3,500 and $5,000. You also pick the coinsurance, which is the percentage of the out-of-pocket expenses you pay after the deductible has been met. Typically, there is a cap so you aren’t subject to more than a few thousand dollars of risk. The 0% coinsurance option is what we recommend most, although the 20% option will be a little bit less expensive. Of course, you may have to pay more if you have a large claim.

Compared to other medical insurance options in Indiana, the Lumenos plan is very attractive. Depending on the number of persons to be insured, you could save between $500 and $4,000 per year. And since the policy is HSA-eligible, you can pick your favorite bank, set up a Health Savings Account, and begin to earn tax breaks for approved medical, vision and dental expenses. Anthem Blue Cross Blue Shield is one of the most respected insurers in the state and most providers participate in their Network. Since Aetna and UniCare no longer offer individual coverage in the state, this policy is more popular than ever!

Any authorized preventive expense is paid by Anthem. You have no deductible to meet and no coinsurance or waiting period. Although the list of covered preventive items is extensive, the most common may be annual physicals, mammograms, children well visits and OBGYN exams. Other covered health care expenses will be negotiated on your behalf so you pay less than someone who was not insured.

Here are a few sample  monthly rates for the Lumenos 0% coinsurance policy. I based the costs on a healthy 40 year old male living in Wayne County.

$96   $5,500 Deductible

$126  $3,500 Deductible

$155  $2,500 Deductible

$231  $1,500 Deductible

Naturally, rates will vary depending on the number of persons insured, zip code, existing health conditions and ages of applicants. However, the more persons that are insured on the policy, the more potential savings could result from owning an Anthem Indiana Health Savings Account vs. another type of plan. However, we realize that this plan is not the perfect fit for every individual or small business owner. For that reason, we provide detailed information all available types of  plans.

We make it easy for you to view details of this plan or apply for coverage. By using the “Free Quote” box at the top of this page, you can compare the Anthem HSA plan with other affordable Indiana medical insurance options.  We constantly update rates and information so the free information you receive is accurate.

Naturally, the best advice we provide, is designed to save you money on health insurance. We specialize in individual and family coverage from the best Indiana companies, such as Anthem Blue Cross, Medical Mutual, Humana and UnitedHealthcare. By keeping you updated on design changes and rate decreases (and increases), you’ll pay the minimum premium required to maintain solid coverage. If a carrier reduces their rates, we’ll make sure you know.

When companies no longer offer coverage in the state (such as Aetna), we’ll recommend exactly what you should do if you are a current customer of theirs. If a carrier substantially increases their rates, we’ll review all of your alternatives, including methods to reduce the existing cost of your present coverage. If you no longer need the type of policy you are paying for, we’ll recommend the best alternatives.

Our Indiana health insurance information is free since we charge no fees. That’s right! Whether you live in Indianapolis, Richmond or South Bend, it makes no difference.  All of the quotes on this website are provided without any charge. If you apply for a policy, there is no cost. When you view your free quotes (at the top of the page where you request it), you pay nothing at all for the in-depth detailed analysis we provide.

Comparing different Indiana medical insurance plans can be very challenging. Our free assistance makes it easy to quickly determine what coverages you need, what company offers the most affordable option, and how to easily apply for the policy that will offer a solution to your needs. There is more information on this website than almost every other resource that will help you make an informed decision. And an informed decision saves you money!

Since there are so many different types of Indiana health insurance plans, we have purchased the premier website quoting system in the US. When you view rate quotes, you not only can compare the costs of different plans, but you can limit your searches to short-term plans, HSA policies, plans from just one carrier like Anthem Blue Cross, and many other possibilities. Our focus is on allowing you to see information quickly, understand it, utilize our help (if needed), apply for coverage and get approved!

Rates are electronically updated each day so we can maintain a high degree of accuracy. We realize that in order to maintain our respected leadership position, we must not only provide helpful free content, but we must also ensure that whether you are applying for medical coverage in Indiana or just visiting, your experience is positive. That’s what separates this website from all of the others.

Of course, they have less than 1000 active individual policies in the state and that number is certain to dwindle quickly, as current customers seek to change to other companies. However, their group contracts will remain in place. Aetna rates for individual plans were typically very high so, it was difficult for them to compete with Anthem and UnitedHealthOne. Even smaller companies such as Celtic often could compete with their rates. Aetna also did not offer popular “temporary” plans.

Undoubtedly, recent health care reform had a hand in Aetna’s decision. The “80% Rule,” (requires insurers to spend 80% of premium dollars on health care) was the primary reason for the exit. And it may have impacted Cigna, Guardian, Pekin and American Community Mutual who also pulled out of Indiana. Who will be the next company to leave the state?  We’re not sure although we don’t believe it will be UnitedHealthOne or Anthem Blue Cross. We’re not sure about any other carriers.

The impact on Indiana health insurance rates could be significant. The proposed “Exchanges” that are to be fully operational in 2014, are designed to aid consumers (with the help of brokers) find affordable health care. But it may not work that way. If more companies exit the marketplace, there will be less choices and presumably, higher premiums. And consumers may not be able to keep the plans they already have.  However,it appears brokers/agents will have a role in the Exchanges.

Rates could be substantially higher and with fewer insurers participating, the long-term effects could be troubling.  And certainly, there will be a temptation by many people to simply avoid buying insurance until absolutely necessary. Because the scheduled penalties for not having health care are so light, it’s possible that no major health insurers will want to stay in the marketplace, resulting in government-run medical care. That is a scenario that very few want to see.

Ironically, Aetna offers very affordable plans in nearby Ohio and Pennsylvania. Their “Value” policies, that feature limited prescription and office visit benefits, are priced competitively in most areas. Their HSA rates also compare favorably to UnitedHealthOne and Blue Cross.

But Indiana was just not a sustainable state. Anthem Blue Cross Blue Shield and UnitedHealthOne hold a huge chunk of the market and Medical Mutual, a non-profit company, seems poised to capture additional customers. Humana, Assurant and Celtic all have niche products that may gain a little more business in the upcoming months. Of course,you can view their rates through our website.

Since we represent all Indiana residents (not just those insured by one particular company), we’ll help you compare plans from all of the companies operating in the state. Whether you’re a present or past customer of Aetna, we’re here to make sure you have the best health care your dollars will buy. Even though Aetna is not available, by viewing free quotes on our website, you can compare alternative plans.

Currently, Indiana residents can select any level of coverage they want. If you want a lower premium, you can pick a plan with a high deductible. If you have small children whose second home is the physician’s office, you can buy a policy with low copays and low deductibles. Unless you have major health issues, you have complete control over what type of medical coverage you buy and which company you buy it from. Yes…it is true that Indiana has less carriers offering policies than several neighboring states, but there are still plenty of choices.

Even if you have a major illness, there are state-sponsored options that will assist you. The Indiana Risk Pool offers health care coverage to individuals and families that may not be able to qualify (medically) for coverage. The Indiana Primary Health Care Association can also offer some assistance. There are also a few other options.

But in 2014, things may change. If you have major health problems, and can’t afford insurance, you’re probably going to be a major benefactor of national health care reform. You’ll pay very little and receive excellent coverage.

However, if you have no medical conditions and your family income is near or above $95,000, your Indiana health insurance rate will probably go up. A lot. It might even soar! How much? It’s hard to say since folks in Congress can’t seem to agree on how much Obamacare will cost and who has to pay for it. Rates could double. Or maybe the increase will be closer to 20%. Nobody seems to know. But every time a cost analysis is done, the numbers seem to increase.

Of course…what happens if either the Supreme Court rules unfavorably on Indiana health care reform or a new administration in 2012 repeals Obamacare? A lot would depend on how that new administration acts  and what they intend to do about rising health insurance costs in Indiana. There are actually many positive changes that the “Affordable Health Care Act” has introduced (such as removing lifetime caps) that should be protected.

My solution is quite simple. Let’s keep the mandatory preventive benefits on most policies. That has worked well. Let’s also keep the State “Risk Pools” for folks that are uninsurable. But let’s ratchet up the usage and implementation of Health Savings Accounts. HSA plans are becoming more popular each year and it would be a shame if some day Congress took them away from us.

Add some tax credits and allow tax-free interest accumulation on the savings portion. Reward anyone who utilizes their qualified preventive benefits on a regular basis, completes a smoking-cessation or takes a weight-reduction course. Emphasize usage of generic drugs and eliminate all ER visits unless medically necessary. Steps like these will reduce everyone’s rate and put more money in the consumer’s pocket.

My idea will reduce Indiana health insurance premiums by hundreds of thousands of dollars. But what do I know? I only have been in the health care business for 31 years!

Choosing the right deductible is nearly impossible, since it assumes you can somehow mysteriously determine your health insurance expenses for the next few years. But you can base your estimates on your expenses from the last 2-5 years as normally, they are a fairly reliable (OK…somewhat reliable) predictor. But as you get older, your risk of a serious illness increases, which also should be considered.

Let’s use a hypothetical family in South Bend for an example (no particular reason for using this city). Our family consists of a married couple (both age 50) with two teen-age children. A catastrophic medical plan with a $5,000 deductible will cost approximately $338 per month. A $1,000 deductible will cost approximately $565 per month. That’s a big difference.

By increasing the deductible, the annual savings is about $2,700 per year. Of course, if you have a major claim, the additional out of pocket cost would be $4,000. However, if you had a major claim every other year (which is a lot!), you would come out ahead with the higher deductible. So it appears that a higher deductible is worth consideration for a family that purchases catastrophic coverage.

Using the same hypothetical family in South Bend, a comprehensive Indiana medical insurance plan with a $5,000 deductible would cost approximately $587 per month. But lowering the deductible to $1,000 will raise the premium to a whopping $1,046 per month. So, by saving $4,000 on a major claim, you would pay more than $5,000 per year extra! That doesn’t sound like such a good deal you get with the lower deductible.

Of course, rates can significantly vary in different areas of the state, and ages and medical conditions of family members can impact your decision making process. Also, on an Indiana individual policy (only one person insured), the savings by raising the deductible will not be as significant when compared to a multi-person household.

We’ll be happy to take the time to discuss your Indiana medical insurance options and review what impact higher and lower deductibles will have on your rate. You can also request a free quote at the top of the page. There is never an obligation and you’ll be able too compare many deductible options from multiple companies.

Indiana short-term insurance is cheap because it is generally used when your need for coverage is less than one year. There are no required physicals and the standard application has less than 10 medical questions. If you’re not being treated for any major medical conditions, there’s a good chance your application will be approved within a few days (or less). And of course, as always, the rates you view on our website are the lowest available from the major carriers. If you do have some medical issues, you still could qualify for a policy.

Despite the quick approval, it’s important to understand that pre-existing conditions are not covered and most prescriptions and office visits are subject to a deductible. Typically, deductible options range from $500 to $2,500. Since it is unlikely that you will be submitting a claim, a higher deductible may make more sense…unless you have a claim! Once a deductible has been reached, most companies pay for benefits at 80%. Your portion, of course, would be 20%.

Although many companies offer temporary health care coverage in Indiana, usually, the least expensive options are policies with UnitedHealthOne, Celtic or Humana. Anthem, in selected areas, offers competitive rates. It’s usually cheaper to pay for your coverage with one payment, although all carriers offer a monthly payment option. At any time, a policy can be canceled and you’ll receive a refund for the unused coverage. These types of plans are ideal if you need coverage to be effective very quickly and you are mainly concerned with the most expensive type of claim. In fact,you can apply for another policy while a short-term plan is in effect.

Sample Monthly Rates for a 35 year-old male (Central Indiana)

$41 UnitedHealthcare Medical Value

$51 Humana Single Pay

$52 Celtic Single Pay

$53 UnitedHealthcare Medical Plus

Sample Monthly Rates for a family of three (35 year-old male and family with one child)

$96 UnitedHealthcare Medical Value

$116 Humana Single Pay

$123 UnitedHealthcare Medical Plus

$127  Celtic Single Full Pay

Of course, many other deductible options are available. We’re always happy to take the time to review your options and ensure this type of short-term coverage meets your individual or family needs. Feel free to email us, call us (888) 513 6446 or compare rates by using the Free Quote feature at the top of the page.

Consumers Life Insurance Company offers various health insurance plans to individuals and families. They are a subsidiary of Medical Mutual of Ohio, a popular health care provider in nearby Ohio for the last 70 years. A few years ago, Medical Mutual took over the in force portfolio of Consumers Life. There was no stoppage of coverage of policy benefits.

The Indiana Wellness HSA plan is a simple concept. Once the deductible has been met, 100% of covered expenses are paid with no lifetime or annual limit. Many deductible options are offered, although the most common choices are $2,500 and $5,000. Preventive expenses (qualified) are not required to meet any deductibles, copays or waiting periods. This is one of the big advantages of this type of plan, since the combination of annual physicals and other related expenses could be costly.

Since the policy is HSA-eligible, a separate account can be created by a bank of your choice. Qualified medical, dental and vision expenses can then be paid with tax-deductible dollars. You remain in complete control of the deposits you make into the account. You never forfeit any of the funds if they were not used by the end of the calendar year. Most banks will pay a small interest on some or most of your account balance. The “savings account” feature is completely optional as you are not required set up an account.

Sample Consumers Life Wellness HSA Monthly Rates In The Evansville Area

35 Year-Old Male

$93 $5,000 Deductible

$119 $3,000 Deductible

$132 $2,500 Deducible

35 Year-Old Male & Female Plus One Child

$294 $5,000 Deductible

$384 $3,000 Deductible

$430 $2,500 Deductible

You can view your specific quotes at the top of the page by providing your zip code.

Policy Details

Of course, the least expensive type of health insurance is a “temporary” plan. Rates are extremely low although this type of coverage is designed  for only a few months of coverage. However, you can keep coverage in effect for a year, if necessary. Pre-existing conditions are excluded from coverage and typically all benefits are subject to a deductible. Most companies allow you to renew coverage one time (subject to approval), so it is still possible to use this type of policy for longer than 12 months…if you change carriers. But if your health changes, it could become an issue.

The most popular Indiana temporary  policies are UnitedHealthcare’s “Short Term Medical Plus” and “Short Term Medical Value” plans, Humana’s “Short Term” plan,  Anthem’s  “Blue Short Term” plan and Celtic’s “Short Term Silver” and “Short Term Gold” plans. Each of these policies cost significantly less than an individual or family comprehensive contract. How much less? Sometimes as much as 45%-70% less. That’s a lot of savings! UnitedHealthcare will offer the lowest premium in most portions of Indiana.

Most temporary or short-term plans feature short applications and simplified underwriting. Typically, if you can answer “No” to about 6-10 medical questions, you will be approved within 48 hours. We’re always happy to help you with the application process and help determine which company and plan is best for you. These types of health care plans are commonly used for students that just finished school, workers that lost their job or anyone needing to get coverage quickly if their current policy is lapsing. Or, if you just need time to decide about your long-term coverage, temporary plans will give you more time.

The other type of “cheap” Indiana health insurance is a catastrophic policy that is designed to cover major medical claims. Rates are very inexpensive and policies can be paid on a monthly basis. Although mandated preventive benefits are provided (no waiting period or deductible), symptomatic office visits are not covered and prescriptions are usually just discounted. If you are able to pay for office visits out of your own pocket, the savings may make this policy a great choice. And after a few years of coverage (or longer), the savings may  offset your out-of-pocket expenses.

UnitedHealthcare’s “Saver 80” plan is a popular low cost catastrophic plan that is competitively priced in most parts of the state. It is ideal for individuals and families that are willing to pay out-of-pocket for non-preventive office visits and expenses. The savings is often hundreds of dollars per month in lower premiums. Anthem’s “SmartSense” and Celtic’s “Basic” plans are additional options to consider, although they are more expensive than the “Saver 80” plan. However, they do provide more coverage including 2-3 office visit benefits per year along with generic RX protection.

“Cheap” medical coverage is available in Indiana. And you can still have some of the coverages found in much more expensive plans. Indianainsurancehealth.com provides the lowest available rates offered by each carrier. You can view your free quotes by placing your zip code in the “Quote” section at the top of the page. Naturally, there is never any obligation!