Health Insurance

Qualifying Income Levels for ACA ObamaCare Plans in 2024

Khang T. Vuong, MHA
Khang T. Vuong, MHA29 Apr 2024
Reviewed and Fact Checked ✔️

For 2024, there are notable updates to the ACA, including recent policy amendments that have eliminated the "subsidies cliff," which previously placed a hard cap on subsidy eligibility. This cap prevented individuals and families with incomes just above 400% of the Federal Poverty Level from receiving any financial assistance, but the latest changes allow for extended aid to those in higher income brackets. Understanding these new income limits and how they will affect health insurance costs is crucial for anyone considering or currently enrolled in an ACA health insurance plan.

In this article, we'll explore the updated income limits for health insurance under the ACA in 2024, how much you have to pay in premiums based on your income bracket, and what happens if your income exceeds the limits for subsidies. 

ACA ObamaCare Income Limits in 2024

The Department of Health and Human Services (HHS) typically releases the updated Federal Poverty Level (FPL) guidelines in January of each year. To meet the demands of varying living costs and economic shifts, the income limits related to the FPL are subject to annual adjustments. For the year 2024, individuals and families can be eligible for ACA subsidies if their household incomes range from 100% to 400% of the FPL. Additionally, as a result of the latest policy changes, even those with incomes slightly above the 400% cutoff may still qualify for some level of support.

2024 Federal Poverty Lines Published by HHS

Household size100% FPL133% FPL150% FPL200% FPL250% FPL300% FPL400% FPL
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Khang T. Vuong, MHA

Khang T. Vuong received his Master of Healthcare Administration from the Milken Institute School of Public Health at the George Washington University. He was named Forbes Healthcare 2021 30 under 30. Vuong spoke at Stanford Medicine X, HIMSS conference, and served as a Fellow at the Bon Secours Health System.

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