Individuals at all income levels can sign up for health insurance under Obamacare. If you have a household income between 100% and 400% of the federal poverty level (FPL), you may qualify for a premium tax credit or special subsidies that will reduce health insurance costs.1 Dec 2021
What is the Affordable Care Act 2020?
It was designed to extend health coverage to millions of uninsured Americans. The act expanded Medicaid eligibility, created a Health Insurance Marketplace, prevented insurance companies from denying coverage due to pre-existing conditions, and required plans to cover a list of essential health benefits.
What does the Affordable Care Act do for patients?
Provisions included in the ACA are intended to expand access to insurance, increase consumer protections, emphasize prevention and wellness, improve quality and system performance, expand the health workforce, and curb rising health care costs.
How do you qualify for Affordable Care Act?
- Must live in the United States.
- Must be a U.S. citizen or national (or be lawfully present). Learn about eligible immigration statuses.
- Can't be incarcerated.
What is the maximum income to qualify for the Affordable Care Act?
Household size 100% of Federal Poverty level (2021) 400% of Federal Poverty Level (2021)
-------------- ------------------------------------ ------------------------------------
1 $12,880 $51,520
2 $17,420 $69,680
3 $21,960 $87,840
Who is not eligible for the Affordable Care Act?
You aren't eligible for government subsidies to help cover health insurance premiums if you earn more than 400 percent of the federal poverty level.
What is the maximum income to qualify for the Affordable Care Act 2021?
Household size 100% of Federal Poverty level (2021) 400% of Federal Poverty Level (2021)
-------------- ------------------------------------ ------------------------------------
1 $12,880 $51,520
2 $17,420 $69,680
3 $21,960 $87,840
4 $26,500 $106,000
What is the Affordable Care Act in simple terms?
The comprehensive health care reform law enacted in March 2010 (sometimes known as ACA, PPACA, or “Obamacare”). The law provides consumers with subsidies (“premium tax credits”) that lower costs for households with incomes between 100% and 400% of the federal poverty level (FPL).