Telehealth Visit Cost Savings Calculator
Estimate your annual savings by switching some or all of your routine medical visits to telehealth appointments instead of in-person visits.
Formula
Telehealth Visits/Year = Total Visits × (Telehealth % ÷ 100)
Medical Cost Savings = Telehealth Visits × (In-Person Cost − Telehealth Cost)
Travel Cost Savings = Telehealth Visits × Round-Trip Miles × IRS Mileage Rate ($0.67/mile)
Time Cost Savings = Telehealth Visits × (In-Person Hours − Telehealth Hours) × Hourly Wage
Total Annual Savings = Medical Cost Savings + Travel Cost Savings + Time Cost Savings
Assumptions & References
- IRS standard mileage rate of $0.67 per mile is used for 2024 (IRS Notice 2024-08).
- Time cost is valued at the user's self-reported hourly wage, representing opportunity cost of time.
- Average telehealth visit cost in the U.S. ranges from $40–$100 without insurance; in-person primary care visits average $150–$300 (FAIR Health, 2023).
- Studies suggest 40–70% of routine primary care visits can be handled via telehealth (McKinsey Global Institute, 2021).
- Average in-person visit time (including travel and wait) is approximately 2–3 hours; telehealth visits average 20–30 minutes (JAMA Internal Medicine, 2020).
- Calculations do not account for insurance copay differences, which vary by plan. Check your specific plan for telehealth copay details.
- This calculator provides estimates only and does not constitute financial or medical advice.