Since insurers have begun informing beneficiaries that their health care plans do not meet the new federal requirements of Obamacare, and will be either cancelled or significantly altered, the media has profiled countless middle class Americans who claim that the new health care law will force them to pay more for coverage.

Deborah Cavallaro, for instance, a real estate agent from Los Angeles, was enrolled in an individual plan that cost her just $293 per month. Under Obamacare, Cavallaro says she’ll have to pay over $400 for coverage she doesn’t need or want. But a higher premium doesn’t tell the whole story: while Cavallaro may spend more each month, she’ll be buying more comprehensive insurance with fewer out-of-pocket costs, better benefits that will cover more and cost her less if she actually falls ill, and much more robust consumer protections.

So before you buy into the sticker shock hysteria, here are four questions you should ask:

1. What does the old plan actually cover? ...(more)

2. Did this person go to the exchanges? ...(more)

3. Yes, the premium is low, but what are the co-pays and deductibles? This coverage often forces individuals who do use care to meet high deductibles — the amount you pay out-of-pocket before your insurance kicks in — pay high co-pays and co-insurance or limit the number of doctor visits that are allowed. Cavallaro, for instance, must meet a deductible of $5,000 a year and has an out-of-pocket cap of $8,500 a year. The plan covers just two doctors’ visits and each include a $40 co-pay.

4. Does this person qualify for subsidies? ..(more)