Understanding Medicaid Eligibility
Medicaid is a vital healthcare program in the United States that provides medical coverage to millions of low-income individuals and families. One of the most common questions regarding Medicaid is how much money you need to make to qualify for the program. This article delves into the intricacies of Medicaid eligibility based on income, offering a comprehensive guide to help you understand the financial requirements.
Income Limits for Medicaid Eligibility
The income limits for Medicaid eligibility vary by state, as each state has the flexibility to set its own guidelines. However, there are some general rules that apply across the board. Typically, Medicaid covers individuals and families with income at or below 138% of the federal poverty level (FPL). This threshold is adjusted annually to account for inflation.
For example, in 2021, the FPL for a single person was $12,880, which means the income limit for Medicaid eligibility would be $17,828. For a family of four, the FPL was $26,500, and the income limit for Medicaid eligibility would be $36,156. These figures are subject to change each year, so it’s essential to check the current FPL for your specific situation.
Medicaid Income Limits by State
While the general rule is to have an income at or below 138% of the FPL, some states have expanded Medicaid coverage to individuals with income up to 200% of the FPL. Here’s a breakdown of Medicaid income limits by state: