Tuesday, March 23, 2010

What the bill means for someone who can't afford coverage currently

If you are currently want health insurance coverage and are unable to afford health insurance right now, you may be able to qualify for Medicaid.

In 2014, Medicaid will be expanded on a larger income index scale.

For now, the qualifying limits for Medicaid are:
-Income not exceeding 133% or more of FPL
-$14,404 or lower for individuals
-$29,326 or lower for a family of four

In 2014 you can see the Medicaid expansion to the following income levels:
-Incomes between 133-400% above the FPL
-$14,404-$43,320 for individuals
-$29,326-$88,200 for a family of four

When this comes into play you will receive subsidy from the government to afford a private health insurance plan or a better plan than what your current employer might offer.

Hope this helps!

-The Shoppe

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