Suze Orman: How To Prepare For Rising Healthcare Costs

Core Insights - Rising healthcare costs are attributed to inflation, increased prescription drug use, and new therapies, necessitating significant financial planning for healthcare [1] - The "Big Beautiful Bill" is expected to increase health insurance premiums for ACA plans by an average of 75% starting in 2026, as enhanced premium credits will effectively end [3] Group 1: Impact of Legislation - The "Big Beautiful Bill" could lead to higher premiums for ACA marketplace plans, affecting many individuals [2][3] - Enhanced ACA premium credits, which have been in place since 2021, will be terminated due to the new legislation [3] Group 2: Personal Financial Planning - Individuals are advised to review their ACA coverage and prepare for the upcoming premium increases [5] - Open enrollment season is an opportunity for individuals to consider high-deductible plans, which may offer lower monthly premiums [5][6] - Those in good health with substantial emergency savings may benefit from high-deductible health insurance plans [6] Group 3: Broader Implications - Changes in employment status, such as layoffs or starting a business, could necessitate a shift to ACA marketplace plans [4] - Young adults aging out of their parents' insurance plans will need to seek their own coverage soon [4]