Why Paying Up for Obamacare Silver Could Save You Thousands

The Patient Protection and Affordable Care Act, better known as Obamacare, has a number of complex provisions. But one way in which subsidies help reimburse some people for out-of-pocket costs has a trap for the unwary that can cost you valuable subsidies if you're not paying attention.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, looks at cost-sharing provisions under Obamacare. Dan explains that for those earning less than 250% of the federal poverty limit, subsidies can pay some of the cost of copayments, deductibles, and other out-of-pocket costs under Obamacare insurance policies. But as Dan points out, you have to choose a silver plan or above to qualify for cost-sharing subsidies. Dan concludes with comments about how greater knowledge of the cost-sharing subsidy provisions could help WellPoint (NYSE: WLP  ) and other insurance companies get more customers on more lucrative plans.

Get the Obamacare subsidies you deserve
In order to get smarter about the Obamacare subsidies you're entitled to, make sure you have all the facts. Fortunately, you can learn the critical concepts you need to know in a special free report called "Everything You Need to Know About Obamacare." But don't hesitate, because it's not often that we release a free guide containing this much information and money-making advice. Please click here to access your free copy.

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Dan Caplinger

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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