2014 Federal Poverty Levels (FPL) For Obamacare

Department of Health and Human Services Seal

People who don’t have health insurance from work can shop now for health plans on health care exchanges for 2014. The premiums are made affordable by a premium subsidy in the form of a tax credit calculated off your income relative to the federal poverty levels (FPL), also known as HHS poverty guidelines.

You qualify for the premium subsidy only if your modified adjusted gross income (MAGI) is at 400% FPL or below. Modified Adjusted Gross Income for Obamacare is basically your gross income minus above-the-line deductions, plus tax-exempt muni bond interest, plus untaxed Social Security benefits. In order to see if you qualify for the premium subsidy, you have to know where the FPL is.

Here are the numbers for 2013 and 2014. They increase with inflation every year in mid-January.

There are three sets of numbers. FPLs are higher in Alaska and Hawaii than in 48 contiguous states and Washington DC.

48 Contiguous States and Washington DC

Number of persons in household 2013 2014 400% 2014
1 $11,490 $11,670 $46,680
2 $15,510 $15,730 $62,920
3 $19,530 $19,790 $79,160
4 $23,550 $23,850 $95,400
more add $4,020 each add $4,060 each add $16,240 each

Alaska

Number of persons in household 2013 2014 400% 2014
1 $14,350 $14,580 $58,320
2 $19,380 $19,660 $78,640
3 $24,410 $24,740 $98,960
4 $29,440 $29,820 $119,280
more add $5,030 each add $5,080 each add $20,320 each

Hawaii

Number of persons in household 2013 2014 400% 2014
1 $13,230 $13,420 $53,680
2 $17,850 $18,090 $72,360
3 $22,470 $22,760 $91,040
4 $27,090 $27,430 $109,720
more add $4,620 each add $4,670 each add $18,680 each

Source:

[Photo credit: Flickr user DonkeyHotey]

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