HIP Power Account

If you are a HIP member, you have a special savings account. This is called a Personal Wellness and Responsibility (POWER) Account. The first $2,500 of your health costs will be paid for with your POWER Account.

Things to know about your POWER Account if you have one:

• Your POWER Account is charged each time you get health care services.
• We will keep paying for your services, even if you use all of the money in your POWER Account before the year ends.
• You must renew your health care coverage each year. This is how you get a new $2,500 added to your account in January.
• We keep track of the money in your POWER Account. We will send you a monthly statement.

Fast Track to HIP

You may be eligible to join Indiana’s Fast Track program. If you are eligible, you will get a notice from the state with instructions on using the Fast Track option. Fast Track may allow you to start your benefits sooner. To learn more about Fast Track, visit the Fast Track section on the HIP Home webpage.

Tracking and Rolling Over Your POWER Account

Tracking and Rollovers

We track what’s in your POWER Account. You should track the funds too. Your yearly health care costs could be less than $2,500 per year. The amount left in your POWER Account may lower your POWER Account Contribution (PAC) for next year. If there is money left in your account for the next year, it is called a rollover. Any money that rolls over can be used toward the next year’s PAC. This can reduce how much money you owe for HIP Plus next year.

Preventive Care

The State will double your rollover funds if you get suggested preventive health care. The charts on this page can help you know what kind of care you might need.

Copays and Your POWER Account with HIP Basic

HIP Basic members have copays for services*. The first $2,500 of your health care costs each year are paid from the POWER Account. When you need health care, you will make your copay to the health care provider. The POWER Account will be used to pay for in-network health care services. If you spend more than $2,500, you will still have coverage and need to make copays.

*Pregnant women, Native Americans and Native Alaskans do not have copays or cost sharing.

POWER Account with HIP Plus

If you are a HIP Plus member you will not have copays for most services. The first $2,500 of your health care expenses each year are paid from the POWER Account. You will pay a small portion of your POWER Account each month. This is called a POWER Account Contribution (PAC).

Learn more about POWER Account Contributions (PAC).

Questions? Please call Member Services: 1-844-607-2829 (TTY: 1-800-743-3333), 8 a.m. to 8 p.m., Monday – Friday Eastern Time.

Notes

• Refunds for overpayments will be issued to members during the POWER Account reconciliation process. These are issued within 120 calendar days after the end of the member’s benefit period. Please call Member Services at 1-844-607-2829 between the hours of 8 a.m. and 8 p.m. Monday through Friday to learn more about refunds and rollovers.
• Members have the right to obtain a partial refund of their POWER Account Contribution if they leave the HIP program.