Healthcare costs are rising due to inflation, increased prescription drug use, and new therapies. Experts recommend including healthcare in financial planning. Suze Orman warns about potential premium increases for ACA plans due to the “Big Beautiful Bill.” Premiums could spike by 75% in 2026, affecting those with ACA plans.
Orman advises reviewing current coverage and preparing for premium spikes. She suggests exploring high-deductible plans for potential savings, but only if you have enough savings to cover the deductible. Employers offering HSAs are recommended for tax benefits. Orman emphasizes the importance of building robust emergency funds to cover healthcare costs.
Orman suggests automating savings for emergency funds and investing in wealth-building assets like dividend-paying stocks and income-producing real estate. Planning for rising healthcare costs is crucial for financial security. Prepare for potential premium increases and ensure you have resources to cover medical expenses, especially in retirement.
Read more at Yahoo Finance: How To Prepare For Rising Healthcare Costs
