Private Health Insurance Cost Calculator

Introduction: The Private Health Insurance Cost Calculator helps you estimate the total annual cost of your private health insurance plan. By considering factors such as monthly premium, annual deductible, out-of-pocket maximum, and co-pay per visit, you can get a comprehensive view of your potential healthcare expenses.

Formula: The total annual cost is calculated using the formula: Total Annual Cost = (Monthly Premium * 12) + Annual Deductible + Out-of-Pocket Max + (Co-Pay * 12).

How to Use:

  1. Input the monthly premium in dollars.
  2. Enter the annual deductible in dollars.
  3. Input the out-of-pocket maximum in dollars.
  4. Enter the co-pay per visit in dollars.
  5. Click the “Calculate” button to obtain the total annual cost.
  6. The result will be displayed below the button.

Example: For example, if the monthly premium is $200, annual deductible is $1,000, out-of-pocket maximum is $5,000, and co-pay per visit is $30, the total annual cost would be (200 * 12) + 1000 + 5000 + (30 * 12) = $7,640.


  1. Can I use this calculator for family health insurance plans?
    • Yes, this calculator can be used for individual as well as family health insurance plans. Input the relevant costs for each family member.
  2. Does the calculator account for additional costs like prescription drugs?
    • No, this calculator focuses on key costs like premiums, deductibles, and co-pays. Additional costs, such as prescription drugs, may need to be considered separately.
  3. What is the significance of the out-of-pocket maximum?
    • The out-of-pocket maximum represents the most you will have to pay for covered services in a plan year. Once reached, the insurance plan typically covers 100% of additional costs.
  4. Can I input $0 for the annual deductible or out-of-pocket max?
    • Yes, you can input $0 for these values if your insurance plan has no deductible or out-of-pocket maximum.
  5. Does the calculator consider preventive care covered by the insurance plan?
    • Yes, preventive care covered by the insurance plan is typically not subject to the deductible.

Conclusion: The Private Health Insurance Cost Calculator is a valuable tool for individuals and families to estimate their healthcare expenses. By inputting key parameters, you can gain insights into the total annual cost of your private health insurance coverage. For accurate and detailed information, it’s recommended to review your insurance plan documents or consult with your insurance provider.

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