Medical Expense Calculator
Calculate your healthcare costs, insurance coverage, and out-of-pocket expenses. Plan your medical budget effectively with our comprehensive medical expense calculator.
Step 1: Medical Expenses
Understanding Medical Expenses
Medical costs include hospital bills, doctor visits, prescriptions, and procedures. Insurance coverage reduces out-of-pocket expenses after meeting your deductible.
Step 2: Additional Factors
About Insurance Coverage
Insurance plans vary in coverage percentages, deductibles, and out-of-pocket maximums. Understand your policy to estimate your healthcare costs accurately.
Medical Expense Results
Your Out-of-Pocket Cost
Insurance Type Comparison
| Insurance Type | Avg. Coverage | Avg. Deductible | Out-of-Pocket Max |
|---|
Expense Breakdown
Expense Calculation Formula
Out-of-Pocket = (Bills – Deductible) × (1 – Coverage%) + Deductible + Copays
Your out-of-pocket maximum caps the total amount you’ll pay in a year. Insurance coverage applies after meeting your deductible.
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