Certified Application Counselor Practice Test

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For consumers to qualify for Premium Tax Credits (PTCs), what is the income range based on the Federal Poverty Level (FPL)?

Below 100%
100% - 200%
200% - 400%
100% - 400%

The correct answer is: 100% - 400%

To qualify for Premium Tax Credits (PTCs), consumers must have an income that falls within a specific range based on the Federal Poverty Level (FPL). The eligibility range is defined as being between 100% and 400% of the FPL. This range is significant because the Premium Tax Credits are designed to help those with moderate incomes afford health insurance purchased through the Health Insurance Marketplace. Individuals or families earning less than 100% of the FPL typically do not qualify for PTCs; instead, they may be eligible for Medicaid or other assistance programs. Conversely, those earning above 400% of the FPL do not qualify for PTCs, as their income is considered too high to need financial assistance in purchasing coverage. Understanding this income bracket is crucial for both consumers seeking help with health insurance costs and counselors who guide them through their options in the Marketplace.