Affordable Indiana medical insurance policies provide quality health care to Indiana individuals, families and small businesses that pay their own premiums. Fortunately, there are many attractive options that can give you generous benefits at a rate that’s within your budget. Of course, our job is to find these plans and make it easy for you to choose and apply for coverage. Rates in the Hoosier state are often much lower than consumers realize.
One of the best methods to keep premiums within your budget, and still maintain high quality health care, is to purchase a medical insurance policy with a higher deductible on the catastrophic expenses. This allows you to continue to pay low amounts ($15-40 on average) for most office visits and prescriptions. Yet, your rate will be very reasonable. And whether you have two or twenty covered office vists in a year, you may be able to avoid paying anything but small copayments.
The Anthem Blue Cross SmartSense plan should be at or near the top of your list. It’s a popular personal policy that pays for all of your preventive expenses (as specified by the “Affordable Care Act”) and waives any copayments or waiting periods. Additional covered benefits for females include well-woman checkups, domestic violence counseling, and of course, the hotly debated FDA-approved contraception methods. However, three non-preventive office visits are also included in the benefits package (subject to a $35 copayment). Anthem will negotiate on your behalf to reduce the cost of any additional office visits.
There are two RX options with the Anthem plan. By “upgrading,” you’ll have much better benefits for non-generic prescriptions. The deductible is most often applied to larger expenses (i.e. hospital visits). With choices from $500 to $10,000, it’s easy to customize a plan to fit your budget. Of course, don’t forget that higher deductibles, although lowering your premium, mean you’re taking a greater out-of-pocket potential risk.
Temporary medical plans are the most affordable types of health care policies. Many companies, including Anthem, UnitedHealthOne and Humana offer contracts that have a combination of cheap rates, simple applications, quick approvals, and comprehensive major medical coverage.
Although you typically can only purchase a policy for a year’s worth of coverage (or less), and pre-existing conditions are not honored, it may give you that “quick fix” you need if you are without coverage or transitioning from one job to another. Excusions for prior conditions may possibly be covered on an alternative type of plan.
One of our favorite low cost plans is UnitedHealthOne’s “Saver 80” policy. It’s cheap, simple to understand and if your application is approved, coverage can begin in 15 days. The “Affordable Health Care Act” requires all policies to provide unlimited lifetime covered benefits. This change makes the Saver 80 plan even more attractive. Once the deductible is met, most large health care costs are covered (subject to any applicable coinsurance or exclusion). A $10,000 deductible is available if you wish to take the increased risk.
When you purchase a policy, of course, your health may change at any time. Maybe in a few years. Maybe in 15 years. But regardless of the seriousness of your medical conditions, your insurer can not cancel you because your health changed. For example, if you develop an illness such as cancer or heart disease, and incur $1 million of medical bills in a calendar year (extremely unlikely), your personal policy must be renewed without interruption. Of course, if the provider stops offering policies in Indiana or files for bankruptcy, that would be a different situation.
Affordable insurance in Indiana can be found. Our website provides you with free quotes from the top companies and we’re confident you’ll find the perfect plan for you and your family’s needs. After you compare different policies, if you wish to apply for benefits, the process is very simple and typically, you will not be asked to take a physical.