Deductible Impact Calculator
Compare the financial impact of high vs low insurance deductibles. Calculate annual savings, break-even claims, and get a recommendation.
How to Use the Deductible Impact Calculator
- Enter monthly premium for the low-deductible plan.
- Enter monthly premium for the high-deductible plan.
- Enter the low and high deductible amounts.
- Enter expected claims per year.
- Click Calculate to see savings, break-even, and recommendation.
Anwendungsfälle
- •Choosing between high and low deductible insurance plans.
- •Planning health insurance selection during open enrollment.
- •Comparing auto or home insurance plan options.
- •Advising clients on optimal deductible levels.
Formel
Annual savings = (premium_low − premium_high) × 12. Extra out-of-pocket = high deductible − low deductible. Break-even = annual savings / extra out-of-pocket.
Häufig gestellte Fragen
When is a high deductible plan better?
A high deductible plan saves money when you make fewer claims per year than the break-even number. Healthy individuals often benefit.
What is the break-even claims number?
The break-even number is how many claims per year you need to make before the low-deductible plan becomes cheaper overall.
Should I always choose the lower premium?
Not necessarily. Consider expected claims frequency, cash reserves, and risk tolerance. High deductibles require more liquid savings.