Indiana § 27-8-10-4 Policies; deductible and coinsurance requirements; limitations

Indiana Statutes

§ 27-8-10-4 — Policies; deductible and coinsurance requirements; limitations

Indiana § 27-8-10-4

Title 27INSURANCE

Art. 8LIFE, ACCIDENT, AND HEALTH

Ch. 10Comprehensive Health Insurance

This text of Indiana § 27-8-10-4 (Policies; deductible and coinsurance requirements; limitations) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-8-10-4 (2026).

Text

(a)Subject to the limitation provided in subsection (c), an association policy offered in accordance with this chapter must impose a five hundred dollar ($500) deductible on a per person per policy year basis. The deductible must be applied to the first five hundred dollars ($500) of eligible expenses incurred by the covered person.

(b)Subject to the limitation provided in subsection (c), a mandatory coinsurance requirement shall be imposed at the rate of twenty percent (20%) of eligible expenses in excess of the mandatory deductible.

(c)The maximum aggregate out-of-pocket payments for eligible expenses by the insured in the form of deductibles and coinsurance may not exceed one thousand five hundred dollars ($1,500) per individual or two thousand five hundred dollars ($2,500) per famil

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(a) Subject to the limitation provided in
subsection (c), an association policy offered in accordance with this
chapter must impose a five hundred dollar ($500) deductible on a per
person per policy year basis. The deductible must be applied to the first
five hundred dollars ($500) of eligible expenses incurred by the
covered person.
(b) Subject to the limitation provided in subsection (c), a mandatory
coinsurance requirement shall be imposed at the rate of twenty percent
(20%) of eligible expenses in excess of the mandatory deductible.
(c) The maximum aggregate out-of-pocket payments for eligible
expenses by the insured in the form of deductibles and coinsurance
may not exceed one thousand five hundred dollars ($1,500) per
individual or two thousand five hundred dollars ($2,500) per family,
per policy year.
As added by Acts 1981, P.L.249, SEC.1. Amended by
P.L.253-1989, SEC.4.