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| home > learn about health insurance > calculating the cost of your insurance |
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| Learn about health insurance |
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Calculating the cost of your insurance:
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Our goal is not to perfectly predict the total costs of your healthcare for the year, but rather to show you how your different choices may result in different financial outcomes. Too many people pick the cheapest option because of low insurance premiums but end up paying the price later on. Conversely, other people pay for an insurance plan that exceeds their needs and could save money for other expenses. |
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*Estimated Medical Expenses
This is meant for you to estimate how much you might incur in healthcare expenses in a year or a single visit including hospital visits, doctor visits, prescription drugs, etc. before your insurance covers anything. While predicting your exact spending will be difficult, you can take an educated guess on what your average spending should be. Feel free to enter different amounts to see how this might impact your total healthcare spending for the year. If the "total cost" exceeds a certain threshold you have set in your mind, you might want to choose a different plan. Conversely, you may discover that your insurance plan is over-insuring you and that you might want to choose a less expensive plan. |
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| What
's Next? Augmenting your insurance |
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