Health Insurance Cost Calculator

Total Cost Estimate

Monthly Premium ($)

Annual Deductible ($)

Coinsurance You Pay (%)

Out-of-Pocket Maximum ($)

Expected Annual Medical Costs ($)

Expected Annual Prescription Costs ($)

Plan Comparison (Low vs High Deductible)

Low Deductible Plan Monthly Premium ($)

Low Deductible Plan Deductible ($)

Low Deductible Plan OOP Max ($)

High Deductible Plan Monthly Premium ($)

High Deductible Plan Deductible ($)

High Deductible Plan OOP Max ($)

Expected Annual Medical Costs ($)

Formula

Total Cost = Annual Premiums + min(Deductible Paid + Coinsurance, Out-of-Pocket Max)

Frequently Asked Questions

How do I choose between a low and high deductible plan?

If you expect significant medical expenses, a low deductible plan may save money despite higher premiums. If you're generally healthy, a high deductible health plan (HDHP) with an HSA can save on premiums and provide tax advantages.

What counts toward my out-of-pocket maximum?

Deductibles, copays, and coinsurance typically count toward your out-of-pocket maximum. Premiums and out-of-network charges usually do not count.

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