Health Insurance Costs: A Growing Burden in 2026

People are feeling the pinch as health insurance costs rise sharply 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. 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. This is a tough choice that will have serious consequences for their health. The cost increase is not just about the tax credits. Other factors are driving up prices too. Prescription drugs, hospital costs, and inflation are all playing a role. Even Medicaid and Medicare are not covering the full cost of care, which pushes prices higher for everyone else. Families and people in their 50s and 60s are feeling the brunt of these increases. Some are seeing their premiums go up by hundreds or even thousands of dollars. This forces them to choose between basic coverage and comprehensive plans they can't afford.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. Every plan offered includes essential benefits like prescription drugs, mental health services, and preventive care. But with costs rising, many are left wondering how they will afford the coverage they need. Lawmakers are pointing fingers at each other for the crisis. Democrats blame Republicans for not extending the tax credits, while 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. 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.