Many people who buy their own health insurance will see higher costs in 2027. The extra premium subsidies that helped millions of households expired at the end of 2025. The good news is that you still have options. Open enrollment for 2027 runs from November 1, 2026 to January 15, 2027 in most states, and a few smart choices can bring your monthly bill down.
1. Don't let your plan auto-renew
If you do nothing, your current plan may simply renew, even if its price went up. Plans and prices change every year, so a cheaper plan with similar coverage may now be available. Log in and compare before the deadline.
2. Update your income estimate
Premium tax credits are based on your expected household income for the year. For 2027, the amount you are expected to pay for a benchmark Silver plan ranges from about 2.15% to 10.22% of your income. An accurate estimate makes sure you get the savings you qualify for. Households above 400% of the federal poverty level no longer qualify for these credits.
3. Consider a Bronze plan
Bronze plans usually have the lowest monthly premiums. The trade-off is higher costs when you get care. A Bronze plan can make sense if you are healthy, rarely see a doctor, and could cover a large bill in an emergency.
4. Pair a Bronze plan with an HSA
Starting in 2026, Bronze and catastrophic plans count as eligible for a Health Savings Account. An HSA lets you set money aside tax-free for medical costs. For 2027, you can contribute up to $4,500 for yourself or $9,000 for a family.
5. Check for extra savings on Silver plans
If your income is on the lower side, you may qualify for cost-sharing reductions. These lower your deductible and copays, but they are only available on Silver plans. In that case, a Silver plan can be better value than Bronze.
6. Look at a catastrophic plan if you're under 30
Catastrophic plans have low premiums and very high deductibles, and are meant to protect you from worst-case costs. They are available if you are under 30. If you are 30 or older, you need a hardship exemption.
7. Compare other coverage you can get
- A spouse's or partner's job-based plan may cost less than buying your own.
- Medicaid or CHIP may be available if your income is low, and you can apply any time of year.
- A parent's plan can cover you until age 26.
The bottom line
Higher prices don't have to mean a higher bill. Update your income, compare plans across tiers, and think about whether an HSA-eligible plan fits your needs. Enroll by December 15 for coverage that starts January 1.
This article is for general information only and is not financial, tax or insurance advice. Plan options and savings vary by state and income.