Health Insurance Costs: A Growing Burden in 2026
The Main Reason?
The U.S. Senate did not extend pandemic-era tax credits that helped make Affordable Care Act (ACA) insurance more affordable. This decision is hitting hard, especially for those who can least afford it.
Firsthand Impact
Matthew Moreno, a certified broker, has seen the stress firsthand. He helps people sign up for marketplace insurance in Illinois and other states. Many of his clients are struggling to choose between food and health insurance—a tough choice with serious consequences.
Driving Up Prices
The cost increase isn't just about the tax credits. Other factors are driving up prices too:
- Prescription drugs
- Hospital costs
- Inflation Even Medicaid and Medicare aren't covering the full cost of care, pushing prices higher for everyone else.
Who's Feeling the Brunt?
Families and people in their 50s and 60s are feeling the impact. Some are seeing their premiums go up by hundreds or even thousands of dollars, forcing them to choose between basic coverage and comprehensive plans they can't afford.
Enrollment Deadline Extended
The deadline to enroll for insurance starting January 1 was extended to December 31. For those who miss this deadline, the next opportunity is January 15 for coverage starting February 1. Illinois has over 500,000 people enrolled in ACA plans, and the state is urging everyone to sign up before the deadline.
Essential Benefits Included
Every plan offered includes essential benefits like:
- Prescription drugs
- Mental health services
- Preventive care
But with costs rising, many are left wondering how they will afford the coverage they need.
Lawmakers Point Fingers
- Democrats blame Republicans for not extending the tax credits.
- Republicans propose other solutions like tax deductions for premiums.
The debate continues, but for now, people are left to navigate the rising costs on their own.
Expert Advice
Moreno advises checking with your doctor before choosing a plan. Knowing about upcoming medical needs can help you make a more informed decision about your health coverage.
