what is 400% of the federal poverty level

According to the search results, 400% of the federal poverty level varies depending on the number of individuals in the household and the state in which they live. 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. For example, in 2023, the FPL for an individual in the 48 contiguous states is $14,580 per year. Therefore, 400% of the FPL for an individual in the 48 contiguous states would be $58,320 per year ($14,580 x 4) . It is important to note that the FPL and the percentage of the FPL used to determine eligibility for certain programs and benefits, including savings on Marketplace health insurance, and Medicaid and CHIP coverage, can change annually.