Who's eligible for lower costs?
Written by Katie Carpenter
Dec 9, 2013 3:22 PM
Households with yearly incomes up to about $46,000 for individuals or $94,000 for a family of 4 will qualify for lower costs.
According to Kaiser Family Foundation, "Under the law, people with incomes between 100 percent and 400 percent of the federal poverty level may be eligible for premium tax credits when they purchase coverage in a Marketplace.
People who are eligible for other types of public or private coverage, for example Medicaid or coverage through an employer-provided plan, generally cannot claim a premium tax credit. These tax credits also are not available to people who are not lawfully present in the country or who are incarcerated. Legally residing immigrants who recently arrived in the country are eligible for premium tax credits despite being ineligible for Medicaid; they may qualify if their income does not exceed 400 percent of the federal poverty level." Learn more.