Future Medical Cost Projector
Future Medical Cost Projector
Free future medical expense calculator
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Formula
PV = Σ (Annual Cost × (1+inflation)^y) / (1+discount)^y
Frequently Asked Questions
Why use present value for future medical costs?
Lump-sum settlements are paid today but cover future expenses. Present value converts future costs to todays equivalent using a discount rate.
What is medical inflation?
Healthcare costs rise 5-7% annually on average, faster than general inflation (~3%). This significantly increases long-term care costs.