A measure of income published every year by the U.S. Department of Health and Human Services (HHS) and calculated based on household size. Federal poverty levels are used to determine eligibility for certain programs and benefits, including eligibility for premium tax credits through Pennie, as well as eligibility for Medicaid and the Children’s Health Insurance Program (CHIP).
Pennie will use the 2020 federal poverty level guidelines, as listed below, to calculate eligibility for savings for individuals enrolling in 2021 coverage through Pennie.
2020 Federal Poverty Level based on income and household size:
- $12,760 for individuals
- $17,240 for a family of 2
- $21,720 for a family of 3
- $26,200 for a family of 4
- $30,680 for a family of 5
- $35,160 for a family of 6
- $39,640 for a family of 7
- $44,120 for a family of 8