Replacing IU Health Plans: What Small Groups Need to Know

If your small business has been using IU Health Plans for group health insurance, you might already know about Anthem’s recent purchase of IU Health Plans. Because of this, IU Health Plans will not renew small-group policies in 2025. For many small businesses, this creates stress and worry—especially if you have employees who have ongoing treatment plans. But don’t panic. There are other Indiana Group Health Insurance options to make sure your team still gets the care they need.

Why IU Health Plans Are Going Away for Small Groups

IU Health Plans were popular among small businesses that had less than 50 employees with high medical claims. These plans offered:

  • Lower Drug Costs: Some expensive medications (for example, Mounjaro for diabetes) fell under a lower copay.
  • Broad Coverage: IU Health Plans had a wide range of drugs in their formulary, so many treatments were more affordable.

Now that Anthem owns IU Health Plans, they will not renew these small-group policies during the 2025 date. This means you can’t simply wait for your renewal packet and sign up again. You’ll need to shop for a new plan.

businesses have options for Indiana Group Health Insurance plans image shows employees working at table

How This Change Affects You

  • Less Time to Shop
  • Small employers often use their renewal notice to start evaluating health plans. If no notice arrives, you may be in a last minute’s situation to obtain coverage.
  • Higher Prescription Costs
  • If your employees rely on high-cost medications, there may be a disruption in coverage with a new carrier.

Your Options for New Coverage

  • Traditional Fully Insured Plans: ACA small group coverage where ongoing health conditions do not impact the plan.
  • Level-Funded: If your workforce has become healthy, you could look at level-funding. These plans can cost significantly less.
  • Individual Plans: In some situations you may be better off dropping group and moving to Individual health insurance. There are options to reimburse the employees for individual health insurance premiums.

How We Can Help with Indiana Group Health Insurance

We understand the challenges of switching from IU Health Plans. Our team will:

  • Review Your Current Coverage and find any gaps you need to fill.
  • Compare Different Companies to find plans that match your employees’ needs and budgets.
  • Help With Paperwork and make sure your transition is smooth and on time.

We want to help you find a plan that fits your team and keeps them healthy without breaking the bank.

Ready to Explore Your Indiana Group Health Insurance Options?

The end of IU Health Plans renewals may seem like a big problem, but it’s also a chance to find an Indiana Group Health Insurance plan that fits your group even better. Contact us at 317-803-4220.

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