Your State Government's Oversight of Health Insurance in Indiana
The Indiana State Government is responsible for developing, implementing and overseeing insurance regulations within the state. In fulfilling this mission, the State Government will generally work to balance the rights of consumers within a business environment that supports a robust economic growth rate. Within the area of health insurance, the State Government serves three major constituent groups: consumers, insurance providers, and independent brokers.
The State Government's primary element of control for assuring a fair health insurance system involves the licensing and oversight of insurance providers and independent brokers. For insurance providers, the State Government develops minimum standards for insurance products and performs periodic financial statement reviews, ensuring taxation requirements are met. For insurance brokers, the State Government establishes professional licensing qualifications, manages broker license testing and license issuance, oversees continuing education requirements, and collects broker license fees. The State Government is also responsible for investigating insurance fraud, especially as it affects consumers or when it is harmful to the state's business environment.
For health insurance consumers, the State Government provides public information and consumer guidelines to help residents find their best health insurance options. The State Government is also available to help consumers file appeals with their health insurance provider when a dispute arises over policy coverage or terms. And, the State Government is responsible for administering the State's Medicare program where subsidized health insurance is available to low income families, children who do not have health insurance, seniors, or the self-employed.