Finance Tools
High vs Low Deductible Insurance Calculator
Compare high-deductible and low-deductible insurance plans by estimating total annual cost based on premiums, deductibles, coinsurance, and expected expenses.
High Deductible Plan
Low Deductible Plan
Expected Covered Expenses
Results
High Deductible Total Cost: $5,400
Low Deductible Total Cost: $4,250
Cheaper Option: Low Deductible
How to use this high vs low deductible insurance calculator
- Enter premium, deductible, and coinsurance for the high-deductible plan.
- Enter premium, deductible, and coinsurance for the low-deductible plan.
- Enter your expected covered expenses for the year.
- Click Calculate to compare total annual costs.
Example
If a high-deductible plan has a $1,800 premium, $3,000 deductible, and 20% coinsurance, and a low-deductible plan has a $3,200 premium, $500 deductible, and 10% coinsurance, with $6,000 expected expenses:
- High-deductible total cost is calculated from lower premium but higher out-of-pocket.
- Low-deductible total cost is calculated from higher premium but lower out-of-pocket.
- The calculator shows which option is cheaper for your situation.
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