ICHRA in Indiana.
The ICHRA itself is federal — a fixed, tax-free monthly allowance your employees use to buy their own individual plans. What's local is the market underneath it. Here is what that market looks like in Indiana.
The Indiana market underneath it.
Indiana buys marketplace plans on HealthCare.gov, the federal exchange, across 92 counties and 17 rating areas. It is also the rare state that pays employers to make the switch: Indiana has a small-employer HRA tax credit on the books (IC 6-3.1-38) for companies that replace a traditional group plan with a health reimbursement arrangement.
Where employees buy plans
HealthCare.gov — the federal exchange, or directly from carriers off-exchange.
How premiums are set
Premiums vary by age (up to a 3:1 ratio), by rating area, and by tobacco use — Indiana follows the federal default, so insurers may charge tobacco users up to 50% more. With 92 counties across 17 rating areas, an Indianapolis budget prices differently from Evansville or Fort Wayne, so compute from your team's real ZIP codes.
What we price here
Every individual plan in our live 2026 artifact for Indiana — 92 counties across 17 rating areas, from government rate filings.
2027 Open Enrollment
Hoosiers buy 2027 plans on HealthCare.gov November 1, 2026 – January 15, 2027; enroll by December 15, 2026 for coverage starting January 1. (A federal rule that would have shortened the window was vacated by a federal court in June 2026; CMS confirmed the January 15 end date in July 2026 while its appeal is pending.)
Legislation watch
Indiana is the state that actually enacted an HRA incentive: IC 6-3.1-38 (HEA 1004-2023, amended by HEA 1210-2026 retroactive to January 1, 2026) gives employers with fewer than 50 employees that adopt an HRA in lieu of a traditional group plan a nonrefundable credit — the lesser of the actual contribution or $400 per covered employee in year one, $200 in year two — under a $10M statewide annual cap, with a 10-year carryforward and, for taxable years after 2025, pass-through owners claiming their share. The statute defines the HRA by reference to IRC §9831(d), so confirm with your tax adviser that your arrangement type qualifies (as of August 2026).
Indiana questions.
Does Indiana really have a tax credit for switching to an HRA?
Yes — IC 6-3.1-38, enacted in 2023 and cleaned up in 2026. Employers with fewer than 50 employees that adopt an HRA in lieu of a traditional group plan can claim up to $400 per covered employee in the first year and $200 in the second, subject to a $10M statewide annual cap. The statute cross-references IRC §9831(d), so have a tax adviser confirm your arrangement qualifies before counting on it.
Why do Indiana ICHRA budgets depend on ZIP code?
Indiana has 17 rating areas, and carriers price the same plan differently across them. An allowance computed for an Indianapolis team can be wrong in Gary or Bloomington — which is why we price from your actual census, not a state average.
See your Indiana team's number.
Insurf, Inc. is not a licensed insurance agency, does not sell insurance, and receives no commissions; enrollment applications are submitted by an individually licensed insurance producer. This page is an educational overview — not an offer of coverage, not a recommendation to buy any plan, and not financial, tax, legal, medical, coverage, or insurance advice.