How much does Health Insurance cost in Indiana?
Health Insurance is said to be the most important out of all insurance plans and every family or individual should have a secure and reliable health and medical insurance plan. However, it is true that most families are unable to afford this service; either because they overestimate the costs or are unaware of cheap insurance plans. If you live in Indiana and are searching for a solid health insurance plan, worry no more! Read ahead to find out all you need to know about Health Insurance and its costs in Indiana.
INDIANA COMES IN AS ONE OF THE FIVE CHEAPEST STATES FOR LOW COST HEALTH INSURANCE!
Here’s good news for all those planning to apply for health insurance plans! Indiana has been declared number 1 out of the five cheapest states in regards to health insurance and benefits cost. Indiana has an average monthly premium of $278 which is relatively affordable compared to other states. To top this off, Indiana also offers various other plans to help cater all income groups and ensure that everyone has access to health insurance plans regardless of their income and class. This is a big change from just a few years ago.
TYPES OF HEALTH INSURANCE IN INDIANA
· ACA MARKET PLACE PLANS (Obama Care)
ACA or Affordable Care Act Plans were introduced under Obama’s leadership and the sole purpose of this plan was to make health insurance accessible to all public groups. Before Obama Care was introduced, health insurance companies had the option of deciding an annual limit over their insurance spending but since ACA has been introduced, there is no limit over essential health care spending. ACA plans also covers vital medical factors which are costly such as birth pills and lifesaving drugs. If you cannot afford private health insurance, opting for ACA is the best option as it relatively less costly and provides various benefits.
Individual Term Plans
These are private health insurance plans. You can contact the insurance companies directly or hire a broker to fix your insurance plan on your behalf. To hire brokers or search for valid and suitable health insurance plans, you can log onto http://indyhealthagent.com/. Most popular private health insurance companies in Indiana are: United Healthcare, IHC, ASPEN, National General, and Companion Life.
Indemnity health insurance plans are relatively more costly than your average plans. There is no restriction of hospitals and the insurance company reimburses the medical bills incurred to the client. If you can afford to spend a higher portion of your income on health insurance plans then indemnity plans is the best option to go for. The most reliable indemnity health insurance company in Indiana is Freedom Life (US Health)
Medicare or Medicare advantage plans are contracts between private health insurance companies and Medicare. These plans come in two parts; A and B. Both the plans have different qualification criteria such as age, income etc. The plans cover most of the health care benefits and are cheaper than private plans. You can apply for Medicare insurance plans at http://medicare.gov/.