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ACA Open Enrollment Begins With Premiums Soaring as Subsidy Extension Stalls

Insurers’ 2026 rate hikes collide with the scheduled lapse of enhanced tax credits.

Overview

  • Average marketplace premiums for 2026 are projected to jump roughly 26% to 30%, and employer plans are forecast to rise about 9% according to Mercer.
  • Enhanced premium tax credits that lower out-of-pocket costs are set to expire Dec. 31, 2025, and the congressional standoff tied to the shutdown has left no extension in place.
  • Analysts warn several million could forgo coverage if subsidies lapse, with younger adults, gig workers and many middle-income families facing the steepest increases.
  • Marketplaces say they can reprogram systems and adjust if Congress restores aid later, though reduced navigator funding and timing constraints would limit how fast relief reaches consumers.
  • Open enrollment is underway through Jan. 15 in most states, with a Dec. 15 deadline for Jan. 1 coverage, as state notices and local reports detail sharp price spikes from Nebraska to Texas.