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Indiana State Insurance Exchange
Summary:
 
Current Status in Establishing Exchange:
 
State will default to federally-run exchange.
 
Decision Process:
 
Executive Order.
 
Exchange Funding:
 
  • Indiana was one of the first three states to be awarded a federal Level One Establishment grant in May 2011. $6.9 million was given the Indiana Department of Insurance and Family and Social Services Administration, to update their information technology systems, develop a financial management plan, and acquire legal, actuarial, and financial expertise.
  • In September 2010 the Indiana Family and Social Services Administration was given a federal Exchange Planning grant of $1 million.
 
Benchmark Plan:
 
  • Since Indiana has not determined a benchmark EHB plan, the state will default to the largest small-group plan.
 
Additional Information:
 
 
  • The federal government will assume responsibility for running the exchange in 2014.

 

For More Information:

 

 

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