The health insurance landscape in Indiana includes several options for individuals and families. As a result of the Affordable Care Act, Indiana residents that do not have access to employer-based health plans have many ways to buy Obamacare health benefits that qualify as minimum essential coverage.
In addition to getting healthcare benefits from Indiana’s federally facilitated exchange or public programs such as Medicaid and CHIP, Indianians can shop also buy ACA-compliant coverage in the private marketplace. Websites such as HealthCare.org allow Indiana residents to get major medical health insurance quotes, shop for plans and enroll in coverage online. Furthermore, HealthCare.org allows consumers to shop for dental insurance, which may or may not be available through Indiana’s exchange, and short term health insurance, supplemental health insurance, and Medicare supplement plans, which are not sold on state-based or federally facilitated exchanges.
Indiana and the Affordable Care Act
The federal government runs Indiana’s health insurance exchange. When Indianians buy healthcare benefits through the federal health insurance marketplace, they may be eligible for income-based financial assistance. Premium tax credits help lower what consumers pay in health insurance premiums each year, and cost-sharing subsidies help reduce out-of-pocket spending on deductibles, coinsurance and copayments.
Those who do not qualify for financial assistance may opt to shop the private marketplace through sites such as HealthCare.org, where they may have access to different plan options and provider networks.
Employers with 50 or fewer full-time employees can offer health insurance through the state federally facilitated Small Business Health Options Program (SHOP).
Medicaid expansion in Indiana
Indiana is among the states that have expanded Medicaid to single, low-income adults under the Affordable Care Act. Low-income individuals that believe they might qualify for Medicaid can apply and enroll through the state’s federally facilitated exchange. More information about Medicaid can be found at the Indiana Family and Social Services Administration website.
The state’s Children’s Health Insurance Program, helps low-income children gain access to health insurance. Visit the Indiana Family and Social Services Administration website for more information about Indiana CHIP, which is known as Hoosier Healthwise.