Federal Poverty Level

Posted in Finance, Accounting and Economics Terms, Total Reads: 267
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Definition: Federal Poverty Level

Federal poverty level also known as Federal poverty guidelines, is the categorization based on income set by government to give financial assistance through different schemes like Medicaid and the Children's Health Insurance Program (CHIP).


These levels define the eligibility criteria for the government schemes. Each year Federal poverty levels are modified. Following are the Federal poverty guidelines released in the year 2016

Family Size

100%

133%

138%

250%

400%

1

$11,770

$15,654

$16,242

$29,425

$47,080

2

$15,930

$21,186

$21,983

$39,825

$63,720

3

$20,090

$26,719

$27,724

$50,225

$80,360

4

$24,250

$32,252

$33,465

60,625

$97,000

5

$28,410

$37,785

$39,205

$71,025

$113,640

6

$32,570

$43,318

$44,946

$81,425

$130,280

7

$36,730

$48,850

$50,687

$91,825

$146,920

8

$40,890

$54,383

$56,428

$102,225

$160,360


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