Income Limits under the Affordable Care Act of 2024.
The eligibility chart provides a summary of the Federal Poverty Level (FPL) income ranges that are eligible for financial aid while enrolling in the On Marketplace for 2024 coverage.
In 2023, a single person must make at least $14,580. Any individual who reports an income below this threshold will forfeit their Premium Tax Credits.
Example:
A family size of 2 is $19,720
A family of 3 is $24,860
A family of 4 is $30,000
and so on……
The client is no longer eligible for cost share reduction (CSR), which includes reduced out-of-pocket maximum, reduced copays, and silver level zero deductible, once their income hits 200% FPL.
100%-150% = 06 or C variant CSR
150%-200% = 05 or B variant CSR
200%-250% = 04 CSR
250%+ = 01 NO Cost Share Reduction
Federal Poverty Level (FPL)
