A POWER Account is similar to a deductible. It is the amount you have to pay before the insurance company will cover the remaining costs.
POWER Accounts are funded in an amount equal to $1,100 for every HIP member.
The POWER Account is funded through one or more of the following:
MDwise POWER Account features include:
A member’s POWER Account is used to pay the first $1100 of HIP covered services.
Preventive care services are not deducted from the POWER Account.
Members may not use their POWER Account to pay for ER copayments.
As a member of the Healthy Indiana Plan, there are special rules to follow. Once you are eligible for the Healthy Indiana Plan, you will get a letter that will let you know what your monthly contribution is. You must pay this each month.
Reminder: If you do not pay your monthly contribution, you will be disenrolled from the program. We will send you a statement each month to remind you. If you are disenrolled due to non-payment, you cannot re-enroll for 12 months and there will be a 25% penalty on the remaining balance with your POWER Account.
After you make your initial contribution
, the Healthy Indiana Plan will add the State portion of the funds you will need to get health care services. This money will go into your POWER Account.