To qualify for Obamacare subsidies you must meet the following criteria:

  • You are currently living in the United States.
  • You are a US citizen or legal resident.
  • You are not currently incarcerated.
  • Your income is no more than 400% (or 500% in 2021 and 2022) of the FPL.

What is the income level to qualify for Obamacare?

In 2021, for a single person, 138% of the poverty level equates to $17,774; for a family of four, that amount equals $36,570. Alaska and Hawaii are unique states with higher income guidelines – those can be found here.

What insurance qualifies under Obamacare?

Any health plan bought through the Health Insurance Marketplace®

  • Individual health plans bought outside the Health Insurance Marketplace®,if they meet the standards for qualified health plans
  • Any “grandfathered” individual insurance plan you’ve had since March 23,2010,or earlier
  • Any job-based plan,including retiree plans and COBRA coverage

    • What insurance plans are under Obamacare?

    Off-Exchange major medical health insurance plans are generally not eligible for subsidies. Under Obamacare, people who do not qualify for or want a subsidy, but who want to avoid the tax penalty, can buy major medical health plans that meet ACA coverage standards on or off of government-run state exchanges.

    Does Medicare meet Obamacare requirements?

    If you have Original Medicare (Part A and Part B), Medicare Part A only, or a Medicare Advantage plan, you meet the Affordable Care Act requirement to have health insurance. However, if you are only enrolled in Medicare Part B, this does not satisfy Obamacare’s minimum essential coverage requirement.

    What is the maximum income to qualify for Obamacare?

    It depends on your household size, income, and the cost of health insurance where you live. The goal of the Obamacare subsidy program is to require you to pay no more than 9.53% of your income for health insurance each year.