Health Insurance Calculator
Calculate your health insurance costs, compare plans, and estimate annual healthcare expenses with our comprehensive tool
Insurance Details
Copayments
Expected Annual Usage
How to Use This Calculator
Select Your Plan Type
Choose between HMO, PPO, EPO, or POS plans. Each type has different network restrictions and coverage options that affect your costs.
Choose Coverage Level
Select individual or family coverage. Family plans typically cost 2-3 times more than individual plans but cover multiple people.
Enter Premium and Deductible
Input your monthly premium amount and annual deductible. These are the guaranteed costs you'll pay regardless of healthcare usage.
Set Out-of-Pocket Maximum
Enter the maximum amount you'll pay annually for covered services. This protects you from catastrophic medical expenses.
Configure Copayments
Set copay amounts for different types of medical visits. These are fixed fees you pay at the time of service.
Estimate Your Usage
Enter expected annual usage for doctor visits, specialist visits, urgent care, emergency room, and prescriptions to get accurate cost estimates.
Health Insurance Tips
Compare total annual costs, not just monthly premiums, when choosing plans
Higher deductible plans often have lower premiums but higher out-of-pocket costs
Consider your expected healthcare usage when selecting deductible amounts
PPO plans offer more provider flexibility but typically cost more than HMO plans
Keep emergency fund equal to your out-of-pocket maximum for unexpected medical costs
Review your plan annually during open enrollment to ensure it still meets your needs
Use in-network providers to minimize costs and maximize coverage benefits
Consider Health Savings Accounts (HSAs) with high-deductible health plans for tax advantages
Preventive care is often covered at 100% with no deductible under most plans
Generic medications typically have lower copays than brand-name drugs