Healthcare & Medical Costs / Healthcare Planning
Health Insurance Deductible Optimizer
Expected Medical Costs
Estimate your total medical costs including doctor visits, prescriptions, procedures
How to Use This Calculator
Compare two health insurance plans to find which one saves you money based on your expected medical costs. The calculator accounts for premiums, deductibles, coinsurance, and out-of-pocket maximums.
Key Terms:
- Premium: Monthly payment to have insurance coverage
- Deductible: Amount you pay before insurance starts covering costs
- Coinsurance: Percentage you pay after meeting deductible (typically 20%)
- Out-of-Pocket Max: Maximum you'll pay in a year (excluding premiums)
Tip: Consider HSA eligibility with high-deductible plans - tax advantages may make them even better.
Use this health insurance deductible optimizer to compute healthcare planning results from your inputs.
Formula
Plan A total = (Premium A × 12) + min(Expected costs, Deductible A) Plan B total = (Premium B × 12) + min(Expected costs, Deductible B) Best plan = Lower total cost Break-even medical spending = Point where both plans cost the same