Many people shopping Indiana individual health insurance quotes are transitioning from an uneconomical small group plan. Small business group health insurance plans don't always provide the cheapest health insurance coverage. Premium rises in your business health insurance could put on a quest to find Indiana individual health insurance quotes. Millions of self employed people have sought refuge from the ever growing costs in the most popular plans of the day, health savings accounts.
HSA's are high deductible plans that provide catastrophic coverage at affordable rates.
If you are an individual looking for cheap catastrophic Indiana health insurance quotes, a high deductible plan is a great way to keep the premiums low and still have comprehensive coverage when something major occurs. Make sure to opt for prescription drug coverage with no annual maximum benefit. It is not unheard of for certain cancer medications to cost $50,000 per year, and if the plan you select has you paying 25% of that, you are on the hook for $12,500. Most health insurance companies offer a plan with an enhanced drug benefit with a $2,500 to $3,000 stop loss amount on prescription drug costs.
Another thing to be conscience of is the fact that most major polices are a form of network health insurance or PPO. Which means not only to make sure your doctors participates in the company's specific network but also your local hospital. If and when you need to undergo a procedure, the onus of making sure all parties involved are in network will be on you. An out of network anesthesiologist can cost a small fortune so be aware and ask everyone involved if they are in your network.