{"data":{"id":"us-in/ic-27-8-10-4","jurisdiction":"us-in","citation":"IC 27-8-10-4","heading":"Policies; deductible and coinsurance requirements; limitations","body":"Sec. 4. (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.\n(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.\n(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.","path":["TITLE 27. INSURANCE","ARTICLE 8. LIFE, ACCIDENT, AND HEALTH","Chapter 10. Comprehensive Health Insurance"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-8-10-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"a78055f9d304a5bc460d67ad0ca61332d36655ce77d67cc29f32ae8d1b1a0a4d","source_id":"us-in","stale":false,"prev":"us-in/ic-27-8-10-3.6","next":"us-in/ic-27-8-10-5"},"notice":"GroundRules: Original legal text. Not legal advice."}