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The sticker shock of Obamacare only begins when you pick your plan.
As a key enrollment deadline hits Monday, many people without health insurance have been sizing up policies on the new government health care marketplace and making what seems like a logical choice: They’re picking the cheapest one.
Increasingly, experts in health insurance are becoming concerned that many of these first-time buyers will be in for a shock when they get medical care next year and discover they’re on the hook for most of the initial cost.
In other words, the high premiums don’t cover most initial bills. You will have to pay the cost of most of your medical bills yourself.