Free Health Insurance Premium Calculator
Estimate annual health insurance costs by comparing premiums, deductibles, and expected medical expenses.
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Total Annual Cost
$8,000
Annual Premiums$5,400
Your Medical Cost Share$2,600
Total Annual Cost vs Monthly Premium
Understanding Health Insurance Costs
Your total health insurance cost includes:
1. Premiums: Fixed monthly payments regardless of care used 2. Deductible: Amount you pay before insurance kicks in 3. Coinsurance: Your percentage share after meeting the deductible 4. Out-of-pocket maximum: Annual cap on your total spending
Total Cost = Annual Premiums + min(Deductible + Coinsurance, OOP Max)
Example Calculation
$450/month premium, $2,000 deductible, 20% coinsurance, $5,000 expected bills.
- 01Annual premiums = $450 x 12 = $5,400
- 02You pay first $2,000 (deductible)
- 03Remaining $3,000 x 20% = $600 coinsurance
- 04Out-of-pocket = $2,000 + $600 = $2,600
- 05Total annual cost = $5,400 + $2,600 = $8,000
Frequently Asked Questions
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