The Affordable Care Act (ACA) marketplace could see a significant premium increase for the 24 million policyholders who rely on it. The tax and spending package known as the “One Big Beautiful Bill” is expected to have a negative impact on these individuals.
Starting in 2026, people who buy health insurance through ACA marketplaces may face a ‘double whammy’ of increased premiums and reduced subsidies. This could lead to skyrocketing costs for those who are already struggling to afford healthcare.
To mitigate the effects of this impending increase, it’s essential to take proactive steps now. Here are some tips:
1. **Assess your coverage**: Review your current health insurance plan to ensure it meets your needs.
2. **Explore new options**: Research and compare different plans offered through ACA marketplaces.
3. **Take advantage of subsidies**: If eligible, apply for subsidies to help reduce your premium costs.
4. **Act now**: Give yourself time to navigate the healthcare marketplace and make informed decisions about your coverage.
Don’t wait until it’s too late – take control of your health insurance and prepare for the potential premium increases in 2026.
Source: https://www.marketwatch.com/story/costs-could-soar-next-year-for-people-with-obamacare-what-you-can-do-about-it-now-da9a56c7