Alaska Medicaid Income Limits

In Alaska, people are required to meet the income limits set under the program to take advantage of the Medicaid program. In which the income limit has been imposed on the basis of family members. By completing these, citizens can apply to avail the benefits of Alaska Medicaid program. This article provides you with Alaska Medicaid Income Limits Guidelines, Monthly Alaska Medicaid Income Limits, and Alaska Medicaid Income Limits Chart.

Alaska Medicaid Income Limits

Alaska Medicaid serves as a crucial lifeline for many individuals and families, ensuring access to essential healthcare services. Understanding the income limits associated with Medicaid eligibility is vital for Alaskans seeking to benefit from this program. In this article, we will explore the Alaska Medicaid income limits based on household size, providing a comprehensive guide to help individuals and families determine their eligibility.

Alaska Medicaid Program Household Size and Maximum Income Limits

Alaska Medicaid income limits are structured to accommodate various household sizes. Here is a breakdown of the maximum income levels per year based on the number of members in a household:

Individuals (Household Size: 1) - $24,220: For single individuals, the maximum annual income to qualify for Alaska Medicaid is $24,220. This ensures that those living alone with modest incomes can access essential healthcare services.

Couples (Household Size: 2) - $32,772: Couples, whether married or domestic partners, can qualify for Medicaid if their combined annual income does not exceed $32,772. This provides support for households with two members to access necessary medical care.

Small Families (Household Size: 3) - $41,324: Families with three members can qualify for Alaska Medicaid with an annual income limit of $41,324. This assists in covering healthcare expenses for a slightly larger household size.

Mid-sized Families (Household Size: 4) - $49,875: A household consisting of four members can access Medicaid benefits if their total annual income is below $49,875. This accommodates families with children and ensures their healthcare needs are met.

Larger Families (Household Size: 5) - $58,427: For families with five members, the annual income limit is $58,427. This higher threshold recognizes the increased financial demands of larger households.

Extended Families (Household Size: 6) - $66,979: Families with six members can qualify for Medicaid with an annual income not exceeding $66,979. This ensures that even larger families can access vital healthcare services.

Large Families (Household Size: 7) - $75,531: Households with seven members have a maximum annual income limit of $75,531. This further accommodates the financial dynamics of larger families in Alaska.

Extended Large Families (Household Size: 8) - $84,083: The highest household size, with eight members, has a maximum annual income limit of $84,083. This reflects the understanding that more extensive households face increased financial responsibilities.

Alaska Medicaid Income Limits

In order to qualify, you must have an annual household income (before taxes) that is below the following amounts:

For households with more than eight people, add $8,552 per additional person. Always check with the appropriate managing agency to ensure the most accurate guidelines.

Who is eligible for Alaska Medicaid Program?

To be eligible for Alaska Medicaid, you must be a resident of the state of Alaska, a U.S. national, citizen, permanent resident, or legal alien, in need of health care/insurance assistance, whose financial situation would be characterized as low income or very low income. You must also be one of the following:

• Pregnant, or
• Be responsible for a child 18 years of age or younger, or
• Blind, or
• Have a disability or a family member in your household with a disability.
• Be 65 years of age or older.

How to estimate your expected income

When you fill out a health insurance application and use some tools on this website, you’ll need to estimate your expected income. Two important things to know:

• Marketplace savings are based on your expected household income for the year you want coverage, not last year’s income.
• Income is counted for you, your spouse, and everyone you'll claim as a tax dependent on your federal tax return (if the dependents are required to file). Include their income even if they don’t need health coverage. See details on who to include in your household.

How to make an estimate of your expected income

Step 1. Start with your household’s adjusted gross income (AGI) from your most recent federal income tax return.

Don’t have recent AGI? See another way to estimate your income.

Step 2. Add the following kinds of income, if you have any, to your AGI:

Tax-exempt foreign income

Tax-exempt Social Security benefits (including tier 1 railroad retirement benefits)

Tax-exempt interest

Don’t include Supplemental Security Income (SSI).

Step 3. Adjust your estimate for any changes you expect.

Consider things like these for all members of your household:

• Expected raises
• New jobs or other employment changes, including changes to work schedule or self-employment income
• Changes to income from other sources, like Social Security or investments
• Changes in your household, like gaining or losing dependents. Gaining or losing a dependent can have a big impact on your savings.

Now you have an estimate of your expected income.

Estimating unpredictable income

It’s hard to predict your income if you’re unemployed, self-employed, on commission, or on a work schedule that changes regularly.

If your income is hard to predict, base your estimate on your past experience, recent trends, what you know about possible changes at your workplace, and similar information. If the job is new to you, ask people in the same field or in the same company about their experiences.

Get help estimating income and expenses with our income calculator.

What if my household income changes during the year?

Report income and household changes on your Marketplace insurance application as soon as possible. If you don’t, you could wind up with the wrong amount of savings or even the wrong insurance plan. 

Are income and household rules the same for Marketplace insurance plans and Medicaid coverage?

There are some differences, depending on your state and other factors. The Marketplace application may ask you specific questions to see if you’re eligible for Medicaid. If it looks like anyone in your household qualifies for Medicaid or the Children’s Health Insurance Program (CHIP), we’ll send your application to your state agency. They may ask you for more information. If it turns out you’re eligible, they’ll help you enroll.

Why do I need to include people in my household who don’t need insurance?

Marketplace savings are based on income for all household members, not just the ones who need insurance. If anyone in your household has coverage through a job-based plan, a plan they bought themselves, a public program like Medicaid, CHIP, or Medicare, or another source, include them and their income on your application. When you apply you’ll say which household members need coverage.