If you already purchase for personal health insurance or after the Affordable Care Act, you have probably heard the term "federal poverty level" or FPL. FPL is a standard measure of income used to determine eligibility for certain government programs and services. In this article I will cover what is the FPL, the prices are FPL, and who affects the FPL. 
What is the FPL?
the federal poverty level (FPL) is the set minimum amount of gross income that a family needs for food, clothing, transportation, housing and other necessities. In the United States this level is determined by the Department of Health and Human Services (HHS). The FPL varies according to household size and the number is adjusted for inflation and updated annually.
How does FPL impact me?
The FPL concerns you, when you are shopping for personal health insurance to enroll in Medicaid or CHIP, or helping a client tax savings on health insurance determine.
, as here. Your income, with respect to the FPL determines your eligibility for savings on a personal health insurance or eligibility for Medicaid or CHIP.
For example, when you apply for health insurance through your state's health insurance marketplace (ex: HealthCare.gov), you will be asked to enter your household income. The Marketplace website uses this information to calculate your FPL and calculate your eligibility for a premium tax credit, cost sharing subsidies, Medicaid and / or CHIP.
what the current FPL rates?
Here are the most current rates for FPL. These prices are what some people call 100% of FPL, and the 2014 numbers for calculating eligibility for Medicaid and the health insurance program for children (CHIP).
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$ 15,730 for a family of 2
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$ 19,70 for a family of 3
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$ 23,850 for a family of 4
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$ 27,910 for a family of 5
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$ 31,970 for a family of 6
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$ 36.030 for a family of 7
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$ 40,00 for a family of 8
$ 11,670 for individuals
Note: income levels are slightly higher for Alaska and Hawaii. Click here for prices.
When it comes to find out if you are eligible for a Off your private health into consideration (the "premium tax credits"), eligibility is based on your income in relation to the FPL - on a sliding scale. If you make 400% of FPL then you could for savings into account.
Here is a helpful chart showing the FPL numbers and suitability for premium tax credits and Medicaid:
Chart source: HealthCare.gov
more information on premium tax credit entitled to the check this article .
Conclusion
The FPL is simply a standard measure of income used suitability for certain government programs and services to assess. Sometimes, as with the premium tax credit is used on a sliding scale. The FPL can affect you if:
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buy personal health insurance in the marketplace
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you are enrolling in Medicaid or CHIP
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help customers tax savings on personal health
you have questions about the FPL? Leave a comment below. We help them respond.
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