Budgeting
Health Insurance Calculator
Estimate your total annual health insurance cost from premiums, deductible, and expected medical use.
Add your premium, deductible, and typical care to see the full yearly cost of a plan, not just the monthly sticker price.
Budgeting
Try the calculator
Example
A plan with a low premium but a high deductible can cost more than expected once you add real medical use, so compare the full annual picture.
Results
Estimated annual cost
$7,400
Annual premium
$5,400
Projection
Distribution view
Result reading
The visual trend is moving up, with an approximate change of $2,000 across the period shown.
Planning cue
Use the output as a scenario test rather than a promise. Small input changes can materially change the result.
Simplified model ignoring out-of-pocket maximums, copays, and subsidies. For ACA plans, premium tax credits can lower the real premium substantially.
How it works
What the result is showing you
These sections explain what the calculator measures, which assumptions matter most, and where the number can be misleading.
Premium is not the whole cost
The monthly premium is only the start. Deductibles, copays, and coinsurance determine how much you pay out of pocket before and after the deductible is met.
Low premium, high deductible
Plans with cheaper premiums often shift more cost to you when you actually use care. If you expect regular medical needs, a higher premium with lower cost sharing can be cheaper overall.
Match the plan to your use
Estimate your likely visits and prescriptions for the year, then add premium plus expected out-of-pocket costs to compare plans on equal footing.
FAQ
Frequently asked questions
Quick answers to the questions people ask most about this calculator.
What is coinsurance?
Coinsurance is the percentage of costs you pay after meeting your deductible, with the plan paying the rest. A 20% coinsurance means you pay 20% of covered costs up to any out-of-pocket maximum.
How do I compare two plans?
Add each plan's annual premium to your expected out-of-pocket costs under typical use. The cheaper premium is not always the cheaper plan once care is included.
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