Medical Income Limits 2024 Family Of 4 Year Old. You are a child 18 or younger and your family’s income is at or below 266% of fpl ($82,992 per year for a family of four). Most states use a standard of 138% of the federal poverty level as a basis for medicaid eligibility.

But each state is free to set its own limits. The penalty for not having coverage the entire year will be at least $900 per adult and $450 per dependent child under 18 in the household when you file your 2023 state income tax return in 2024.