ACA / Marketplace Information
Federal Poverty Levels for 2024 Health Coverage
The 2024 federal poverty level (FPL) income numbers below are used to calculate eligibility for Medicaid and the Children's Health Insurance Program (CHIP). 2023 numbers are slightly lower, and are used to calculate savings on Marketplace insurance plans for 2024.
Federal Poverty Level (FPL)
| Family Size | 2023 Income Numbers | 2024 Income Numbers |
|---|---|---|
| For Individuals | $14,580 | $15,060 |
| For a family of 2 | $19,720 | $20,440 |
| For a family of 3 | $24,860 | $25,820 |
| For a family of 4 | $30,000 | $31,200 |
| For a family of 5 | $35,140 | $36,580 |
| For a family of 6 | $40,280 | $41,960 |
| For a family of 7 | $45,420 | $47,340 |
| For a family of 8 | $50,560 | $52,720 |
| For a family of 9+ | Add $5,140 for each extra person | Add $5,380 for each extra person |
Note: Federal Poverty Level amounts are higher in Alaska and Hawaii. Get all HHS poverty guidelines for 2024.
|
Household Size |
| 1 |
| 2 |
| 3 |
| 4 |
| Each additonal person |
100% FPL $13,590 $18,310 $23,030 $27,750 $4,720 150% FPL $20,385 $27,465 $34,545 $41,625 $7,080 200% FPL $27,180 $36,620 $46,060 $55,500 $9,440 250% FPL $33,975 $45,775 $57,575 $69,375 $11,800 400% FPL $54,360 $73,240 $92,120 $111,000 $18,880
|
Income Above
400% FPL | Income Between 100% and 400% FPL | Income At or Below 150% FPL | Income Below 138% FPL | Income Below 100% FPL |
|---|---|---|---|---|
| If your income is above 400% FPL, you may now qualify for premium tax credits that lower your monthly premium for a 2024 Marketplace health insurance plan. | If your income is in this range, in all states, you qualify for premium tax credits that lower your monthly premium for a Marketplace health insurance plan. | If your income falls at or below 150% FPL in your state, and you’re not eligible for Medicaid or CHIP, you may qualify to enroll in or change Marketplace coverage through a Special Enrollment Period. | If your income is below 138% FPL and your state has expanded Medicaid coverage, you qualify for Medicaid based only on your income. | If your income falls below 100% FPL, you probably won’t qualify for savings on a Marketplace health insurance plan or for income-based Medicaid. |
“Income” above refers to “modified adjusted gross income” (MAGI). For most people, it is the same or very similar to “Adjusted gross income” (AGI).
CMS has announced a Marketplace Special Enrollment Period (SEP) for qualified individuals and their families who are losing Medicaid coverage due to Medicaid unwinding. This temporary SEP, referred to as the Unwinding SEP, will allow individuals and families in Federally-facilitated Marketplace (FFM) states to enroll in Marketplace coverage.
Elliot Glass has been a leader in the insurance industry since 2012. His experience and reputation enable him to best serve his valued clients by understanding their individual needs and offering common-sense solutions. This process saves time, money and provides peace of mind for you and your family.
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