what is 150 of the federal poverty level

150% of the federal poverty level is a measure of income that is used to determine eligibility for certain programs and benefits, including savings on Marketplace health insurance, Medicaid, and CHIP coverage. The 2023 federal poverty level income numbers are used to calculate eligibility for Medicaid and CHIP coverage, and for savings on Marketplace insurance plans for 2023. According to the 2023 Poverty Guidelines for the 48 Contiguous States, 150% of the federal poverty level for a family of one is $21,870 per year or $1,823.50 per month.