Cost and Affordability
Estimating Future Health Care Costs
Your health care costs over the next twelve months depends on your chances of illness or injury and the cost of treating such conditions.
Expected costs is an average of your past medical costs over the last twelve months and your anticipated future costs over the next twelve months.
It’s difficult to forcast future medical costs because of the unexpected, but lifestyle considerations can be helpful. Things like using tabacco, eating habits, being over weight, little to no exercise, being risky in activities, and knowing your family medical history can help you estimate future medical costs.
Insurance covers the risk of medical cost, determine your own comfort level between monthly cost and the maximum out of pocket expense of a plan.