Health Insurance Out-of-Pocket Cost Calculator

How to use this health insurance out-of-pocket cost calculator

1. Enter your monthly premium.
2. Enter your annual deductible and out-of-pocket maximum.
3. Enter your expected annual medical expenses.
4. Enter your coinsurance rate (%).
5. Click Calculate to see your estimated out-of-pocket payment and total annual cost.

Example

If your monthly premium is $300, deductible is $1,500, out-of-pocket max is $6,000, expected medical expenses are $8,000, and coinsurance is 20%:

• Annual premium = $300 × 12 = $3,600
• Out-of-pocket estimate includes deductible + coinsurance, capped by out-of-pocket max
• Total annual cost = annual premium + estimated out-of-pocket

More tools in Finance Tools

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