Officials say Indiana residents will see triple the number of health plans on federal exchange

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INDIANAPOLIS — Officials say Indiana residents will have more than triple the number of health insurance plans to choose from when the federal insurance exchange enrollment period starts in November.

Indiana Department of Insurance attorney Tina Korty told a legislative panel Thursday that some insurers took a "wait-and-see" approach during first year of the exchanges under the Affordable Care Act.

The Times of Munster and the Post-Tribune report nine insurers will offer a total of 975 plans in Indiana for the coming year, up from three companies and 278 plans. Korty says a 5 percent average increase in exchange premiums is expected.

Democratic state Sen. Karen Tallian questioned whether Indiana should establish its own state-run insurance exchange, but Korty said the Pence administration believes it would be too costly.

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