What is the Maximum Income for Obamacare for 2022 – 2023?
What is the maximum income for ObamaCare for 2023 plans?
Answer
For 2023 coverage, those making between $13,590-$54,360 as an individual, or $27,750- $111,000 as a family of 4, qualify for ObamaCare. For 2022 coverage, those who made between $12,880 - $51,520 as an individual, or $26,500 - $106,000 as a family of 4, qualified.
Those are the levels where you would at least qualify for Premium Tax Credits. To find out more about qualifying for Medicaid Expansion or for Out-of-Pocket assistance, see the chart below.
Types of Cost Assistance For 2023 | Individual Annual Income | Family of Four Annual Income |
Medicaid health coverage (if your state decides to offer it) | Up to $18,754* | Up to $38,295* |
Help to pay your premium (if you buy in your state's online marketplace) | Between $13,590-$54,360 | Between $27,750- $111,000 |
Subsidies for out-of-pocket costs (if you buy a Silver plan in your state's online marketplace) | Between $13,590- $33,975 | Between $27,750- $69,375 |
NOTE: Medicaid/CHIP eligibility will be updated when the new Federal Poverty level data is published in early 2023.
The Income that is counted is Modified Adjusted Gross Income (MAGI). See the Federal Poverty Guidelines for more details.
TIP: Want to find out what you can save quickly, check out our Subsidy Calculator.