How to navigate open enrollment as health insurance premiums increase

Healthcare Cost Management - ACA plans' premiums are expected to increase by 26% next year, and could potentially double if enhanced tax subsidies are not extended [1] - Individuals should update their marketplace account with their estimated income for 2026 [2] - Shopping around for health insurance based on sticker price and affordability is crucial [2] - Consider enrolling in a bronze plan, which typically has the lowest monthly premium [3] Tax Benefits and Savings - Preventative care is free in bronze plans, and some doctor's visits may be covered before the deductible [3] - Starting next year, all bronze plans will work with health savings accounts (HSAs) [4] - HSA contributions are tax-deductible, lowering taxable income [4] - HSA funds can be invested and grow tax-free if not needed immediately [5] Enrollment and Deadlines - The enrollment deadline for a plan starting on January 1st is December 15th [5] - It is important to get insured to avoid potentially devastating financial consequences [5]