Finance Tools
Insurance Deductible Cost Calculator
Estimate your annual out-of-pocket cost and total annual cost based on premium, deductible, coinsurance, and expected covered expenses.
Estimated Total Annual Cost: $5,600
Premium ($2,400) + Out-of-pocket for covered expenses ($3,200)
Notes: This is a simplified estimator. Real plans may include copays, exclusions, tiered networks, and service-specific rules.
How to use this insurance deductible cost calculator
- Enter your annual premium (what you pay to keep the plan active).
- Enter your deductible (what you pay before coinsurance starts).
- Enter your coinsurance rate (your share after the deductible).
- Optionally enter your out-of-pocket maximum (cap for covered expenses).
- Enter your expected covered expenses for the year and click Calculate.
Example
If your premium is $2,400/year, deductible is $1,500, coinsurance is 20%, out-of-pocket max is $6,000, and expected covered expenses are $10,000:
- You pay the first $1,500 (deductible).
- Then you pay 20% of the remaining $8,500 = $1,700 (until OOP max).
- Estimated out-of-pocket for expenses = $3,200.
- Estimated total annual cost = premium ($2,400) + out-of-pocket ($3,200) = $5,600.
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