Your health insurance premiums may take a big jump in 2027
Many consumers are likely on the hook for an increase of about 10% or more in 2027, experts said.
TL;DR
- Health insurance premiums and cost-sharing are expected to rise significantly in 2027.
- Factors contributing to the increase include GLP-1 drug usage, expiration of enhanced ACA subsidies, and high U.S. inflation.
- Employer-sponsored health plans face projected cost increases of 8.2% to 11.1% in 2027.
- Employers may pass these increased costs onto workers through higher premiums and deductibles.
- ACA marketplace plans proposed a median 15% premium increase for 2027, with enrollees facing higher costs if subsidies expire.
- Households earning over 400% of the federal poverty line are ineligible for ACA premium subsidies.
- Rising healthcare costs are a significant issue for voters and may influence upcoming elections.