|
The Low Income Premium Program (LIPP) is designed to help persons with
limited incomes to remain on Pool coverage by
offering a reduced premium. INCOME ALONE
DOES NOT DETERMINE POOL ELIGIBILITY
To qualify for
the LIPP you must:
-
Be
currently enrolled in the Pool or, if
submitting an initial application, meet all
eligibility requirements; and
-
Certify
that only you or someone in your family will
be paying your monthly premium (no other
third party may pay your premiums); and
-
Meet the
income guidelines; and
-
Submit a
LIPP Supplemental Application annually,
along with required proof of household
income.
To determine
if you meet the income guidelines:
-
Total the
income of all related adult household
members, as reported on the previous year’s
Federal Income Tax Form (Line 4 of Form
1040EZ, Line 15 of Form 1040A or Line 22 of
Form 1040)
-
Total the
number of related household members of all
ages
-
Find your
household size and the corresponding income
limits on the table below:
|
2009 Qualifying
Income Limits |
|
Household Size |
75%
Premium Reduction
Income Limit |
50% Premium Reduction
Income Limit |
25% New / 45%Existing
Income Limit |
| 1 |
$21,552 |
$32,382 |
$43,212 |
| 2 |
$28,994 |
$43,564 |
$58,134 |
| 3 |
$36,437 |
$54,747 |
$73,057 |
| 4 |
$43,880 |
$65,930 |
$87,980 |
| 5 |
$51,322 |
$77,112 |
$102,902 |
| 6 |
$58,765 |
$88,295 |
$117,825 |
| 7 |
$66,207 |
$99,477 |
$132,747 |
| 8 |
$73,650 |
$110,660 |
$147,670 |
NOTE for Low Income Premium Program
Participants:
Beginning July 2009, recertification for the Low
Income Premium Program (LIPP) will coincide with
your birthday. Previously, all Pool
policyholders were recertified on July 1 every
year.
If you are currently enrolled in LIPP, and think
you still qualify (see income ranges on back),
you MUST submit a new Low Income Premium Program
Supplemental Application by the 15th day of your
birthday month. The effective date will be the
first of the following month. For example: If
your birthday is in June, the application must
be received by June 15th for a July 1 effective
date. If no application is received, your rate
will increase to the full rate on the first of
the month following your birthday month, which
will coincide with your age rate increase. You
will receive notification of this process 60
days prior to the effective date.
Policyholders in the 45% “transitional” premium
reduction category will receive a 40% reduction
effective July 1, 2009 through December 2009,
unless the recertification indicates otherwise.
Individuals in this income range will have their
premium reduced in 5% increments, each six month
renewal period, until the 25% premium reduction
amount is met. |
