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This page features a 2024 ObamaCare eligibility chart, the 2023 federal poverty level used for 2024 subsidies, and a subsidy calculator.
To figure out your MAGI: Start with your adjusted gross income (AGI). This is the figure on IRS Form 1040, line 11 of your federal income tax return. Take your adjusted gross income amount and add any untaxed foreign income, non-taxable Social Security benefits, and tax-exempt interest. Don’t add any Supplemental Security Income (SSI) you got.
What are the income limits to qualify for an Obamacare (ACA) plan? Household income determines what you pay for Obamacare and how much you save. You qualify for a subsidy based on how your household income compares to the federal poverty level. The ACA uses your modified adjusted gross income (MAGI) to determine savings.
Get all HHS poverty guidelines for 2024. Income above 400% 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.
People who don’t have health insurance from an employer plan can buy health insurance from a marketplace under the Affordable Care Act (ACA), also known as Obamacare.
Note: Each individual program--e.g., SNAP, Medicaid--determines how to round various multiples of the poverty guidelines, what income is to be included, and how the eligibility unit is defined. For more information about the poverty guidelines visit: http://aspe.hhs.gov/poverty.
While anyone who is eligible can buy health insurance under Obamacare, those with household incomes between 100% and 400% of the federal poverty level (FPL) and above may qualify for financial assistance that reduces their premiums and out-of-pocket costs.
Check if you might save on Marketplace premiums, or qualify for Medicaid or Children's Health Insurance Program (CHIP), based on your income. Or, find out who to include in your household and how to estimate income before you apply. You could save money on health insurance costs.
You'll start by figuring out how much you earn compared to the federal poverty level. For 2025 health insurance plans, you'll use your estimated 2025 income and compare that to the 2024 federal poverty level amounts. For example, if you're single with an income of $30,120 per year, you're earning twice the federal poverty level.
With this calculator, you can enter your income, age, and family size to estimate your eligibility for subsidies and how much you could spend on health insurance. You can also use this tool to...