HHS Releases 2014 Federal Poverty Level Guidelines

March 11, 2014 – HHS has released 2014 federal poverty guidelines. Updated annually for inflation, the 2014 guidelines will set the income thresholds for subsidy eligibility on exchanges for 2015. The threshold (in the 48 contiguous states and DC) for one person will be $11,670, an $180 increase over the 2013 level. An employee’s receipt of exchange subsidies could trigger an employer shared responsibility penalty starting in 2015. IRS proposed rules include an employer affordability safe harbor based on the federal poverty level.
 
2014 POVERTY GUIDELINES FOR THE 48 CONTIGUOUS
STATES AND THE DISTRICT OF COLUMBIA
 
Persons in family/household                Poverty guideline
1 ………………………………………………… $11,670
2 ………………………………………………….. 15,730
3 ………………………………………………….. 19,790
4 ………………………………………………….. 23,850
5 ………………………………………………….. 27,910
6 ………………………………………………….. 31,970
7 ………………………………………………….. 36,030
8 ………………………………………………….. 40,090
 
For families/households with more than 8 persons, add $4,060 for each additional person.
 
2014 POVERTY GUIDELINES FOR ALASKA
 
Persons in family/household                 Poverty guideline
1 …………………………………………………. $14,580
2 …………………………………………………… 19,660
3 …………………………………………………… 24,740
4 …………………………………………………… 29,820
5 …………………………………………………… 34,900
6 …………………………………………………… 39,980
7 …………………………………………………… 45,060
8 …………………………………………………… 50,140
 
For families/households with more than 8 persons, add $5,080 for each additional person.
 
2014 POVERTY GUIDELINES FOR HAWAII
 
Persons in family/household                 Poverty guideline
1 …………………………………………………. $13,420
2 …………………………………………………… 18,090
3 …………………………………………………… 22,760
4 …………………………………………………… 27,430
5 …………………………………………………… 32,100
6 …………………………………………………… 36,770
7 …………………………………………………… 41,440
8 …………………………………………………… 46,110
 
For families/households with more than 8 persons, add $4,670 for each additional person
 
Clink on the link to the federal register:
 
http://www.gpo.gov/fdsys/pkg/FR-2014-01-22/pdf/2014-01303.pdf