Federal Poverty Levels for 2014

The Department of Health and Human Services has released the Federal Poverty Levels for 2014. Here are the numbers for the 48 contiguous states and the District of Columbia. The FPL is higher in Alaska and Hawaii.

The FPL is important, of course, in determining whether a family is eligible for a premium tax credit and a cost sharing subsidy. Here are some key break-points for eligibility:

100% FPL: Medicaid cut-off in states that did not choose to expand Medicaid

133% FPL: Medicaid cut-off in states that agreed to Medicaid expansion

150% FPL: Families receiving a premium tax credit that earn less than 150% of the FPL are eligible for cost-sharing subsidies that increase the actuarial value of the plan to 94% and reduce the out-of-pocket limit by two-thirds if they purchase a silver level plan.

200% FPL: Families receiving a premium tax credit that earn between 150% and 200% of the FPL are eligible for cost-sharing subsidies that increase the actuarial value of the plan to 87% and reduce the out-of-pocket limit by two-thirds if they purchase a silver level plan.

250% FPL: Families receiving a premium tax credit that earn between 200% and 250% of the FPL are eligible for cost-sharing subsidies that increase the actuarial value of the plan to 73% and reduce the out-of-pocket limit by 20% if they purchase a silver level plan. This is the cut-off point for cost-sharing subsidies.

400% FPL: Cut-off point for premium tax credits.

Individuals and families can apply for tax credits if they earn less than 400% of the FPL and don’t have access to qualified and affordable employer-sponsored coverage. The advance tax credits can be obtained through the federal or state exchange websites or through a more user-friendly private exchange that offers a wider range of coverage options and gives individuals access to a licensed insurance professional at no additional charge.

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