What is the purpose of the HIP Plus Power account?

The purpose of the HIP Plus Power account is to contribute towards deductibles associated with healthcare costs. The HIP Plus program is designed as part of Indiana's Healthy Indiana Plan, which is aimed at providing healthcare coverage to low-income individuals and families. One of its features is to help account for out-of-pocket expenses, specifically by allowing participants to use funds from the Power account to pay toward their deductibles and coinsurance.

This focus on assisting with deductibles is critical because it helps ensure that individuals can access necessary medical services without the burden of high upfront costs. By providing this financial support, the HIP Plus Power account complements the overall healthcare coverage provided through the plan, ensuring that lower-income individuals receive comprehensive assistance with their healthcare needs.