what is 250 of the federal poverty level

what is 250 of the federal poverty level

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250% of the federal poverty level varies based on the number of individuals in the household and the state in which they live. According to the 2023 Federal Poverty Guidelines, 250% of the federal poverty level for a single individual in the 48 contiguous states is $36,450 per year or $3,038 per month. However, this amount increases for larger households. For example, for a family of three, 250% of the federal poverty level is $62,150 per year or $5,179 per month. It is important to note that these amounts are used by many assistance programs, including some states’ Medicaid programs, as a way to set financial eligibility criteria.

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