New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Nexstar Media Group Employees: Navigating the Rising Costs of College Tuition for Your Family

Healthcare Provider Update: Healthcare Provider for Nexstar Media Group: Nexstar Media Group primarily collaborates with various health insurance companies to provide healthcare coverage to its employees. Specific providers may vary by location and employee plan options, but major national insurers like UnitedHealthcare, Cigna, and Aetna are common in corporate health plans across the country. Potential Healthcare Cost Increases in 2026: In 2026, healthcare costs are projected to soar significantly, as the Affordable Care Act marketplace plans face unprecedented premium hikes, with some states seeing increases exceeding 60%. This surge can be attributed to escalating medical costs, the expiration of enhanced federal subsidies, and aggressive rate hikes from major insurers. Without congressional intervention to extend the current premium tax credits, a staggering 92% of marketplace enrollees could experience a rise in out-of-pocket costs by more than 75%, forcing many to reevaluate their healthcare options as financial pressures mount. Click here to learn more

It doesn’t take a degree in finance to see the cost of college continues to rise.

In its 2017 report, the College Board showed that public four-year institutions raised prices an average of 3.2% annually between the 2007-08 and 2017-18 school years. Put another way, a $5,000 education in 2007-08 would cost $6,851 in 2017-18.

For a few families, the lion’s share of education costs falls on parents and, in some cases, on grandparents. For our Nexstar Media Group clients who are parents you may already know, generally, the majority of families rely on a combination of scholarships, grants, financial aid, part-time jobs, and parent support to help pay the cost.

For Nexstar Media Group employees who have children approaching college age, a good first step is estimating the potential costs. The accompanying worksheet can help you get a better idea about the cost of a four-year college.

For Nexstar Media Group employees who already put money away for college, the worksheet will take that amount into consideration. For Nexstar Media Group employees who haven’t, it’s never too late to start.

Resources

There are a number of resources that can help individuals prepare for college. The U.S. government distributes certain information on colleges and costs. Here are two sites for these Nexstar Media Group employees to consider reviewing:

www.studentaid.ed.gov
The government’s college and financial aid portal.