Health Cost Calculator - Your Health Wallet

Your Details

Age Bracket

Family Size

Current Monthly Premium ($)

Cover Type

State/Territory

Annual Service Usage

Dental visits per year

Physio visits per year

Optical visits per year

Your Results

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Annual Premium Cost

$0.00

Total amount you'll pay annually for your cover

Based on your current monthly premium

Estimated Annual Benefits

$0.00

Estimated benefits you'll receive based on usage patterns

Based on industry average utilization rate of 87.87% (APRA 2025)

Estimated Out-of-Pocket Costs

$0.00

Additional costs you'll pay directly for services

Based on median out-of-pocket costs from CHOICE 2025

Potential Annual Waste

$0.00

Unused benefits that expire at year end

31% of Australians have unused extras (Finder 2025)

Cost Breakdown

Category	Annual Cost	Percentage

Self-Funding Comparison

If you paid for services out-of-pocket without insurance:

$0.00

Annual cost of services without insurance cover

Disclaimer: This calculator provides general information only and does not constitute financial advice. Figures are based on industry averages from the sources cited below. Your individual circumstances may vary. Actual costs and benefits depend on your specific plan, provider, and usage patterns. For personalized advice, consult with your health insurance provider or a financial advisor.

Data Sources & References

Extras Utilization Rate (87.87%)

Source: Australian Prudential Regulation Authority (APRA) / Australian Private Hospitals Association (APHA)

Year: 2025 (June quarter)

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Average Extras Cover Cost ($73/month)

Source: Canstar

Year: 2025

View Data →

Unused Benefits (31% of Australians)

Source: Finder

Year: 2025

View Statistics →

Out-of-Pocket Costs (Dental: $35, Optical: $225, Physio: $40)

Source: CHOICE / Australian Consumer Association

Year: 2025

View Guide →

Hospital Out-of-Pocket Average ($471.29)

Source: APRA / Finder

Year: 2025 (December quarter)

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Coverage Statistics (55.3% have extras)

Source: APRA

Year: 2025

View Statistics →