Bill Buckley has a wife and two children with an estimated household MAGI of 398% of the FPL. What is he most likely eligible for?

Bill Buckley, with a household Modified Adjusted Gross Income (MAGI) of 398% of the Federal Poverty Level (FPL), is likely to qualify for both Advance Premium Tax Credits (APTCs) and qualified health plans (QHPs).

The Advance Premium Tax Credit is designed to help lower-income individuals and families afford health insurance through the Health Insurance Marketplace. Eligibility for APTCs begins at 100% of the FPL and typically extends up to 400% of the FPL. Since Bill's MAGI is 398% of the FPL, he is within this range and thus qualifies for the tax credits that can reduce his monthly insurance premiums.

Qualified Health Plans are the health insurance plans offered through the Health Insurance Marketplace that meet specific coverage requirements. Anyone, including those eligible for APTCs, can enroll in these plans. Since Bill can access APTCs to help reduce his costs, he can also select from the available QHPs.

Combining the eligibility for both APTCs and QHPs, as indicated by the correct choice, reflects a comprehensive understanding of the health insurance options available to individuals and families based on their income levels.