what is 200 of the federal poverty level

1 year ago 56
Nature

The Federal Poverty Level (FPL) is a measurement of the minimum amount of annual income that is needed for individuals and families to pay for essentials such as room and board, clothes, and transportation. The FPL takes into account the number of people in a household, their income, and the state in which they live. The FPL is used by many assistance programs, including some states’ Medicaid programs, as a way to set financial eligibility criteria. Often programs limit participant’s income to 100% of the FPL, or some percentage of the FPL, such as 138% or 200% .

According to the 2023 Poverty Guidelines for the 48 contiguous states, 200% of the Federal Poverty Guidelines for a household of one is $27,300 annually or $2,275 monthly.