The state’s new Healthy Indiana Plan is health insurance for low-income adults like Mayes who don’t have other insurance and don’t qualify for Medicaid. Participants can choose between two major health insurance providers.
Basically, it works like this:
Participants have a health savings account of $1,100. Their contribution to that is based on the size of the participant’s family and the percentage of the income in relation to the federal poverty level. The contribution is something like 4% or $20 per week if your income is around 200% of the poverty level, and it goes down from there. The State funds the remainder.
Certain kinds of preventative care are covered up to $500 for no cost; after that the care comes out of the savings account.
Finally, the State buys a basic insurance policy from a commercial provider.