Freeport-McMoRan Employees: Expect Rising Health Insurance Costs in 2026

Healthcare Provider Update: Healthcare Provider for Freeport-McMoRan Freeport-McMoRan typically offers a variety of healthcare benefits to its employees, including coverage through major national insurers. Specific details about the primary insurance provider can vary by location and specific employee plans; however, large employers often collaborate with well-known insurers such as UnitedHealthcare, Aetna, or Anthem BlueCross BlueShield to manage their healthcare plans. Potential Healthcare Cost Increases in 2026 for Freeport-McMoRan As the healthcare landscape evolves, Freeport-McMoRan employees may face significant increases in out-of-pocket costs in 2026 due to multiple compounding factors. The looming expiration of enhanced Affordable Care Act (ACA) premium subsidies is set to expose millions to steep premium hikes, with some states anticipating increases of over 60%. Additionally, rising medical costs driven by inflation, especially in drug prices and services, could further stress employee budgets. Many employers, including Freeport-McMoRan, may also consider shifting more healthcare costs onto workers, resulting in higher deductibles and out-of-pocket maximums, thus highlighting the importance for employees to stay informed about their benefit options. Click here to learn more

'Rising health care costs underscore the importance for Freeport-McMoRan employees to regularly review their benefits and long-term financial strategy,' says Paul Bergeron, a representative of The Retirement Group, a division of Wealth Enhancement.

'With health care expenses climbing faster than wages, Freeport-McMoRan employees should proactively evaluate their coverage options to help protect their long-term financial well-being,' says Tyson Mavar, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article, we will discuss:

1. Why health insurance costs may rise in 2026.

2. What changes could impact Affordable Care Act and employer plans.

3. How to review your options during open enrollment.

Health insurance expenses may soon climb even higher for millions of households, including those of Freeport-McMoRan employees. Some people have even received advance notice of increases through 2026, adding to concerns that affordable insurance options are becoming more limited.

If you are one of the approximately 24 million Americans enrolled in an ACA marketplace plan, ¹  be aware that significant shifts could occur soon. If enhanced ACA premium tax credits expire after 2025, the average family premium could rise 114%, jumping from $888 in 2025 to $1,904 in 2026. ¹

Rising expenses are also impacting those covered through employer plans, including employees at Freeport-McMoRan. Surveys indicate that employer-sponsored health insurance costs are estimated to go up by 6% to 9% in 2026—the biggest increase in more than 15 years. ²  As companies continue shifting more of these expenses to workers, payroll deductions and out-of-pocket costs are on the rise. Health care cost growth is even outpacing wage growth, ³  adding pressure on family budgets.

Why Are Prices Increasing?

Many factors contribute to the upward trend, ³  including:

• - A surge in medical visits delayed during the pandemic

• - The growing number of older Americans requiring ongoing care

• - Continued high incidence of chronic illnesses such as diabetes and heart disease

• - Shortages and rising labor costs in the health care workforce

• - Higher demand for services combined with fewer workers

• Competitive differences across regions also influence costs—some markets have many insurance options, while others have only one or two participating carriers.

What to Do During Open Enrollment

• Review your current health care usage. If you typically use fewer services, a high-deductible plan paired with a Health Savings Account might lower monthly premiums and offer certain tax advantages.

• Plan ahead for anticipated medical needs. If you expect more care next year, a plan with higher monthly payments but lower deductibles may help spread costs more evenly.

• Explore additional coverage options. Depending on eligibility, Medicaid, CHIP, or catastrophic plans may help if employer or marketplace premiums increase sharply.

• Stay flexible while enrollment is open. You can modify your plan through the end of open enrollment if your situation or subsidy rules change.

The Bigger Picture

Health care decisions are playing a larger role in long-term planning for Freeport-McMoRan households. Rising medical costs can influence both current spending and future retirement readiness.

At The Retirement Group, we assist individuals in planning for health care costs both before and after retirement. To talk about available plan types and tax-advantaged options as open enrollment approaches, call (800) 900-5867.

Want Assistance Reviewing Your Options?

Health plan decisions affect more than just next year—they may also shape your future income expectations, especially if you’re planning to leave Freeport-McMoRan in the near future.

You don’t need to navigate this alone. Before open enrollment deadlines end, The Retirement Group can help you examine your health care strategy alongside your retirement plan.

Want Assistance Reviewing Your Options?

Health plan decisions affect more than just next year—they may also shape your future retirement income needs, especially for those leaving Freeport-McMoRan in the coming years.

You don’t need to sort through this alone. Before open enrollment deadlines end,  The Retirement Group  can help you assess your health care strategy and retirement plan.
Call  (800) 900-5867  to get started.

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Sources:

1. Lo, Justin, and Larry Levitt.  Early Indications of the Impact of the Enhanced Premium Tax Credit Expiration on 2026 Marketplace Premiums . Kaiser Family Foundation, Sept. 2025,  www.kff.org/affordable-care-act/aca-marketplace-premium-payments-would-more-than-double-on-average-next-year-if-enhanced-premium-tax-credits-expire .

2. Mercer Insights Team. “Employers Prepare for the Highest Health Benefit Cost Increase in 15 Years.”  Mercer , 3 Sept. 2025,  www.mercer.com/en-us/insights/us-health-news/employers-prepare-for-the-highest-health-benefit-cost-increase-in-15-years

3. “Why Are Healthcare Costs Rising?”  Marsh McLennan Agency , 5 Sept. 2025,  www.marshmma.com/us/insights/details/rising-health-care-costs.html .

4. “Five Key Changes to ACA Marketplaces Amid Uncertainty Over Premium Tax Credits.”  Center on Budget and Policy Priorities , 2025,  www.cbpp.org/research/health/five-key-changes-to-aca-marketplaces-amid-uncertainty-over-premium-tax-credit .

5. Health Care Workforce Shortages. NIHCM Foundation, 4 Mar. 2025, nihcm.org/newsletter/rising-healthcare-workforce-shortage.