Health Care Costs Will Soar in 2026: How to Bring Yours Down

Health insurance premiums are set to rise significantly in 2026, affecting millions of Americans who rely on various sources for their coverage. Whether you are covered through your employer, the federal government, or the Affordable Care Act (ACA) marketplace, you can expect higher monthly premiums next year.

One of the main reasons for the expected spike in premiums is the expiration of enhanced tax credits for ACA marketplace plans. These tax credits have been instrumental in keeping costs down for most enrollees, but they are set to expire at the end of 2025. Despite efforts to extend these credits, Congress has not reached a deal, leading to uncertainty and higher costs for consumers.

A recent Gallup survey revealed that only 16% of Americans are satisfied with the cost of healthcare in the U.S., marking a two-decade low. With 23% of respondents describing the healthcare system as being in a state of crisis, it is clear that rising costs are a significant concern for many.

To mitigate the impact of rising healthcare costs in 2026, experts recommend taking proactive steps to review your coverage options. Nicole Lamoureux, president of the National Association of Free & Charitable Clinics, emphasizes the importance of actively comparing plans and considering factors beyond just monthly premiums, such as deductibles, out-of-pocket limits, and provider networks.

For those enrolled in ACA plans, the expiration of pandemic-era tax credits is expected to result in a 114% premium increase in 2026, according to the Kaiser Family Foundation (KFF). It is crucial to carefully evaluate your options in the marketplace given the higher prices and reduced provider choices.

Similarly, those with workplace plans can expect premiums to rise between 6.7% and 9% in 2026. Employers are likely to shift more costs onto employees through higher premiums and increased deductibles. It is advisable to inquire with your company’s HR department about any changes to your health insurance coverage.

Medicare beneficiaries are also facing higher premiums in 2026, with Part B premiums expected to increase by nearly 12%. Those enrolled in Medicare Advantage plans have until March 31 to make changes to their coverage, with some plans scaling back their offerings in the coming year.

As the new year approaches, it is essential to be proactive in navigating the changing landscape of healthcare costs. Seeking assistance from resources like State Health Insurance Assistance Programs (SHIPs) and utilizing tools like Medicare.gov’s coverage comparison tool can help you make informed decisions about your healthcare coverage.

In light of the anticipated challenges in 2026, it is important to stay informed, ask questions, and explore all available options to ensure that you have access to affordable and comprehensive healthcare coverage.