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To save people a lookup, 400% of the federal poverty level in 2025: Household Size 400% FPL 1 $60240 2 $81760 3 $
by tzs 2y ago
To save people a lookup, 400% of the federal poverty level in 2025:
Household
Size 400% FPL
1 $60240
2 $81760
3 $103280
4 $124800
5 $146320
6 $167600
An annoying aspect of the subsidies is that they have an abrupt drop as you cross 400% FPL.
From 133% (if you are below 133% you are supposed to use extended Medicaid instead of a subsidized marketplace plan) to 400% the amount of the subsidy goes down bit is still substantial at 400%.
This can result in a situation where if your income is a little over 400% FPL you might come out ahead by taking a pay cat to get under.
- PaulDavisThe1st 2y agoThere is no abrupt drop at this time. There is a smooth gradient in the percentage of AGI that "the 2nd most expensive silver plan in your state" can cost. Next year, if Congress does not renew the expansion above 400% that was started during COVID, then there will the most abrupt drop possible at 400%: from something to absolutely zero. My wife and I save at least $6000/year thanks to these subsidies, which put our health insurance into the same general realm as most other industrialized nations (typically 8-12% of AGI on health insurance of some kind).
- tzs 2y agoYeah, I was assuming that the COVID stuff will not get renewed.