Your Money Minute Health Insurance Will Take A Bigger Chunk Of Your Paycheck 11/11/25
Nov 11, 2025
Sharon Epperson, a CNBC personal finance reporter known for her insightful analysis, joins to discuss the impact of rising health insurance costs. She highlights how premium increases can outpace salary raises, effectively shrinking take-home pay. Epperson also shares practical tips on tracking past medical expenses to better estimate future costs and explains the trade-offs between choosing higher premiums with lower deductibles versus lower premiums with higher deductibles, giving listeners crucial insights during open enrollment.
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Health Premiums Outpacing Raises
- Employer-provided health insurance costs are rising faster than recent average raises.
- A 6.5% average increase in payroll deductions will likely outpace the 3.5% wage growth cited by the BLS.
Tally Past Health Costs First
- Add up your copays, medical bills, prescriptions, and out-of-pocket costs from this year.
- Use that total to estimate next year's expenses and choose the plan that fits those needs.
Compare Networks And Deductible Tradeoffs
- Check the plan's provider network and out-of-network coverage before you enroll.
- Weigh higher premiums with lower deductibles against lower premiums with higher deductibles to match your expected care.