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Healthcare is a vital resource, yet the rising costs pose a significant challenge for many. Factors contributing to the surge include inflation, increased prescription drug usage, and the advent of innovative therapies, as per PricewaterhouseCoopers. As a result, healthcare should be an integral aspect of your financial planning strategy.
Recently, financial expert Suze Orman voiced concerns regarding the potential effects of the “Big Beautiful Bill” on insurance premiums available through the Affordable Care Act (ACA). Orman’s insights serve as a valuable guide for individuals looking to navigate the complexities of healthcare expenses.
Research ACA Plan Price Increases
In a recent blog entry, Orman highlighted the potential spikes in premiums due to legislative changes affecting the ACA marketplace. She noted that the bill, which passed in July 2025, effectively ended enhanced ACA premium credits introduced in 2021. “It is estimated that premiums will increase by an average of 75% starting in 2026,” she warned.
It’s critical to recognize that these changes may still impact you, even if you primarily receive insurance through your employer. Sudden life changes, such as layoffs or shifting to self-employment, might necessitate exploring ACA options. Moreover, young adults approaching age 26 will need to find their own coverage soon.
Evaluate High-Deductible Plans
With open enrollment on the horizon, Orman encourages individuals to consider high-deductible health plans as a potential cost-saving measure—particularly if you maintain good health and have an adequate emergency savings fund. “A high-deductible plan typically has lower monthly premiums,” she explains.
However, she stresses that opting for a high-deductible plan should only be done if you have sufficient savings to cover the deductible. Additionally, explore whether your employer offers a health savings account (HSA), which allows pre-tax contributions and tax-free growth, thereby providing a beneficial financial strategy should you plan for healthcare expenses.
Build an Emergency Fund
An accessible emergency fund is crucial for managing unexpected healthcare costs. Orman suggests automating your savings to ensure you’re prepared for unexpected medical expenses, which can relieve financial stress during crises. If your employer offers a savings plan with automatic payroll deductions, take advantage of it to simplify saving.
Grow Your Wealth for Future Expenses
Investing wisely can help prepare you financially for future healthcare needs, particularly as you approach retirement. Building wealth through dividend-paying stocks, income-generating real estate, and annuities can provide the financial resources necessary for managing medical expenses later in life.
In summary, Suze Orman’s insights serve as a crucial reminder that proactive healthcare planning is essential in today’s financial landscape. By reviewing your insurance options, considering high-deductible plans wisely, building an emergency fund, and investing for the future, you can secure your financial health against the ever-rising costs of healthcare.
