What are the income limits for healthcare gov 2023?
03/29/2023

What are the income limits for healthcare gov 2023?
Healthcare.gov is a government website where individuals can enroll in health insurance plans through the Health Insurance Marketplace. The Affordable Care Act (ACA), which was passed in 2010, established the Marketplace as a way for individuals and families to access affordable healthcare coverage. One of the key features of the Marketplace is the availability of subsidies to help lower the cost of coverage for those who meet certain income requirements.
For the 2023 plan year, the income limits for CoveredCA, Nevada Health Link, and healthcare.gov subsidies are as follows:
Individuals with an annual income between 150% and 400% of the Federal Poverty Level (FPL) may be eligible for subsidies to help lower their monthly premiums. In 2023, 150% of the FPL is $18,755 for an individual and $41,625 for a family of four. Therefore, individuals with incomes between $18,755 and $54,360 and families of four with incomes between $41,625 and $111,000 may be eligible for premium subsidies.
Individuals with an annual income between 150% and 250% of the FPL may be eligible for additional cost-sharing subsidies to help lower their out-of-pocket costs, such as deductibles and copayments. In 2023, 150% of the FPL is $20,385 for an individual and $41,625 for a family of four.
It’s worth noting that the income limits for healthcare.gov subsidies are subject to change each year based on the FPL and other factors. It’s important to check the healthcare.gov website or consult a licensed insurance agent to determine your subsidy eligibility based on your income and family size.
Additionally, it’s important to note that individuals with income below the FPL may be eligible for Medicaid, a government healthcare program that provides coverage to low-income individuals and families. Medicaid eligibility requirements vary by state, so it’s important to check with your state’s Medicaid office or healthcare.gov to determine your eligibility.
In summary, for the 2023 plan year, individuals with annual income between 150% and 250% of the FPL may be eligible for additional cost-sharing subsidies, while those with income between 250% and 400% of the FPL may be eligible for premium subsidies to help lower their monthly premiums. Contact us today to determine your subsidy eligibility based on your income and family size.