How to Pick the Right Obamacare Policy

How to Pick the Right Obamacare Policy

Obamacare is slated to take effect soon, with open enrollment for new health-insurance exchanges scheduled to start Oct. 1. But many potential policyholders still don't know how these exchanges will work or how they'll find a policy that's right for them.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning and author of the special free report "Everything You Need to Know About Obamacare," talks with Motley Fool health-care bureau chief Max Macaluso about how you can pick the right Obamacare policy for you and your family. Dan notes that exchanges will offer a variety of different policies that carry different levels of benefits. Some less-comprehensive policies will offer lower premiums but have relatively high copayments and deductibles, while some more-comprehensive policies will charge more in monthly premiums but will offer lower copays and out-of-pocket costs.

Dan and Max discuss the trade-off that you'll have to make in assessing which policy is right for you. Dan points out that for many healthier Americans, choosing a less-comprehensive policy will lead to lower total costs. But he also warns those with greater health-care needs to consider higher-premium policies, as savings on actual medical services under those policies might more than offset the higher monthly costs.

How Obamacare could make you money
Apart from the impact on your personal finances, Obamacare is rewriting the rules for the health-care industry, and in the process of doing so, it's creating massive opportunities for investors to invest in a handful of specific health-care stocks. In this free report, Dan walks you through these opportunities and the companies that are positioned to exploit them. Don't wait another minute to access this free report instantly; simply click here now.

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Neither Fool contributor Dan Caplinger, Max Macaluso, Ph.D., nor The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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