Health Insurance Plan Comparison Calculator
Compare the true annual cost of different health insurance plans by factoring in premiums, deductibles, copays, and your expected medical usage.
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Annual Cost Comparison
Comparing health insurance plans requires looking beyond just the monthly premium.
True Annual Cost = (Monthly Premium × 12) + Expected Out-of-Pocket Costs
Out-of-pocket costs include:
- Deductible: Amount you pay before insurance kicks in
- Copays: Fixed amount per visit ($25-$50 typical)
- Coinsurance: Your percentage after deductible (typically 20%)
Plan types compared:
- High Deductible (HDHP): Low premium, high deductible — best if you’re healthy and rarely visit the doctor. HSA eligible.
- Standard (PPO/HMO): Moderate premium and deductible — good for average healthcare usage.
HSA advantage: HDHPs let you contribute to an HSA (2026 limits: $4,300 individual, $8,550 family), which provides triple tax benefits.
Tip: Estimate your expected visits and procedures for the year, then calculate total cost for each plan.