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

O'Reilly Automotive Employees: Navigating the Rising Costs of College Tuition for Your Family

Healthcare Provider Update: Healthcare Provider for O'Reilly Automotive O'Reilly Automotive, primarily reliant on its internal health benefits system, partners with various healthcare providers and insurers to offer health plans to its employees. While specific provider names can vary by location and plan type, O'Reilly typically collaborates with major insurance firms that participate in the Affordable Care Act (ACA) marketplace. Potential Healthcare Cost Increases for O'Reilly Automotive in 2026 As the healthcare landscape shifts, O'Reilly Automotive employees and retirees should prepare for potentially significant increases in their healthcare costs in 2026. Factors such as the expected expiration of enhanced federal ACA premium subsidies may lead to out-of-pocket premiums surging by over 75% for many policyholders. Coupled with aggressive rate hikes from insurers-some states reporting increases of 60% or more-employees may encounter substantial financial strain when seeking medical coverage. This perfect storm of escalating premiums and reduced federal support underlines the importance of proactive budgeting and planning for healthcare expenses in the coming year. 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 O'Reilly Automotive 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 O'Reilly Automotive 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 O'Reilly Automotive employees who already put money away for college, the worksheet will take that amount into consideration. For O'Reilly Automotive 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 O'Reilly Automotive employees to consider reviewing:

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