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2024 Federal Poverty Levels Released

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The U.S. Department of Health and Human Services (HHS) updates federal poverty levels (FPLs) annually to determine eligibility for programs and benefits. The 2024 FPL for an individual is $15,060 in the 48 contiguous states and the District of Columbia, and $18,810 and $17,310 for Alaska and Hawaii, respectively.FPLs impact applicable large employers (ALEs) under the Affordable Care Act's pay-or-play rules by determining affordability of health plan coverage and eligibility for premium tax credits. ALEs are liable for a penalty if their full-time employees receive premium tax credits through a Marketplace. Individuals are ineligible for credits if they have affordable, minimum-value health coverage through their employer, regardless of income meeting FPL guidelines.

Employers may want to confirm health coverage affordability before the start of each plan year to avoid penalties. ALEs using FPL safe harbor to determine affordability should use the FPL guidelines within six months of the plan year start. Calendar year health plans should use the 2023 FPL guidelines for the 2024 plan year, while non-calendar-year health plans can use the new 2024 FPL guidelines. Download the bulletin for more details.

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National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

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Adam Kuck

Adam Kuck

The first things you will notice about Adam Kuck are how personable and organized he is. Adam started his career at National Insurance Services as a marketing intern and was so impressed by their company culture and team values, that he joined the Retirement Income service team in 2016. Now as an Account Manager, Adam assists clients with their employee benefits, benefit communication, and wellness plans. He helps employees and employers answer policy-related questions, resolve employee claim issues with carriers, and assists with employee or insurance committee meetings. Adam works with Minnesota and Wisconsin schools, cities, and counties. He’s a licensed insurance agent.