Insurance Calculators
Health Insurance Cost Calculator
Compare the total annual cost of a health plan including premiums, deductible and out-of-pocket maximum.
Total annual cost
$7,840
- Premiums for the year
- $5,040
- Your medical costs
- $2,800
- Worst-case annual cost
- $12,540
How this calculator works
Cost = premiums + min(deductible + coinsurance share, out-of-pocket maximum)
- coinsurance
- the share of costs you pay after the deductible
Example calculation
Illustrative example — not advice
Worked example — the health insurance cost calculator as it loads, using the default figures below.
- 01Enter monthly premium: $420.
- 02Enter annual deductible: $2,500.
- 03Enter coinsurance after deductible: 20%.
- 04Enter out-of-pocket maximum: $7,500.
- 05Enter expected annual medical costs: $4,000.
- 06Read the total annual cost from the results panel: $7,840.
Total annual cost: $7,840. Premiums for the year: $5,040. Your medical costs: $2,800. Worst-case annual cost: $12,540.
These figures come straight from the calculator above running on the values listed, so you can retype them and confirm every number yourself. Change any input and the results update immediately. Illustrative only — not a quote, offer or recommendation.
Important considerations
- Out-of-network care usually falls outside these limits.
- A low premium with a high deductible is only cheaper if you stay healthy.
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Terms used here
Frequently asked questions
Is the cheapest premium the cheapest plan?
Only if you use little care. Model your expected usage and the worst case before choosing.
Disclaimer
Legamoney calculators are educational tools. Results are estimates based on the figures you enter and do not constitute financial, tax or legal advice.
Last reviewed 2026-08-01