Short-term health plans in Indiana
- Indiana has its own state regulations regarding short-term health plans.
- Short-term plan terms can’t last more than six months in Indiana, and can’t be renewed.
- Indiana conducts rate reviews of short-term plans.
- At least eleven insurers offer short-term plans in the state.
Indiana sets state short-term regulations
How long can short-term plans last in Indiana?
Short-term plan terms can’t last more than six months in Indiana, and cannot be renewed. Enrollees are allowed to apply for a new short-term plan that can take effect after the first plan ends, but it has to be a new, separate plan, with a new deductible and out-of-pocket exposure.
And any medical conditions that occur while a person is covered by a short-term plan will be pre-existing conditions when the person applies for another short-term plan (meaning that they either won’t be covered under the subsequent short-term plan, or will result in the application being rejected if the condition is serious enough).
The Trump Administration’s new rules for short-term plans are clear in stating that states may continue to impose tighter regulations than the new federal rules. So short-term plans in Indiana continue to have maximum terms of six months.
Additional Indiana regulations on short-term
The Indiana Department of Insurance conducts rate reviews for short-term plans, which must be filed using the state’s basic actuarial memo outline.
At least eleven insurers offer short-term plans in Indiana
- Companion Life
- Everest Prime
- HCC Life Insurance Company
- Independence American Insurance Company
- Madison National Life Insurance Company
- National General
- Standard Life
- Standard Security Life
- UnitedHealthcare (Golden Rule)
- United Security Health and Casualty
Louise Norris is an individual health insurance broker who has been writing about health insurance and health reform since 2006. She has written dozens of opinions and educational pieces about the Affordable Care Act for healthinsurance.org. Her state health exchange updates are regularly cited by media who cover health reform and by other health insurance experts.