Owens & Minor Employees: Navigating the Rising Costs of College Tuition for Your Family

Healthcare Provider Update: Healthcare Provider for Owens & Minor: Owens & Minor, Inc. is a healthcare solutions company that partners with various health care providers, offering a broad range of essential products and services. While Owens & Minor does not operate its own healthcare provider network, it supplies hospitals, healthcare providers, and other institutions through its vast logistic capabilities and product offerings within the healthcare sector. In 2026, Owens & Minor employees may face significant healthcare cost increases due to a perfect storm of rising premiums in the ACA marketplace and higher medical costs. Premium hikes by major insurers could average 18%, with some states seeing increases as high as 66%. The loss of enhanced federal subsidies at the end of 2025 could exacerbate the situation, leading to potential out-of-pocket premium increases of over 75% for many enrollees. It's crucial for employees to explore their options early and consider adjusting their healthcare benefits to manage these impending costs effectively. 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 Owens & Minor 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 Owens & Minor 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 Owens & Minor employees who already put money away for college, the worksheet will take that amount into consideration. For Owens & Minor 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 Owens & Minor employees to consider reviewing:

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