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A family of one. 1  If the monthly income is $1,354 or less, or the yearly income is $16,245 or less, you might qualify for Children's Medicaid. 2  If the monthly income is $2,021 or less, or the yearly income is $24,250 or less, you might qualify for CHIP. family of four. 1  If the monthly income is $2,789 or less, or the yearly income is $33,468 or less, you might qualify for Children's Medicaid. 2  If the monthly income is $4,163 or less, or the yearly income is $49,959 or less, you might qualify for CHIP.
How to apply for Medicaid & CHIP. You can apply for Medicaid and CHIP 2 ways: Fill out an insurance application through the Health Insurance Marketplace. If it looks like anyone in your household qualifies for Medicaid or CHIP, weâll send your information to your state agency.ee if youâll qualify. If your state has not expanded Medicaid: You may qualify based on your stateâs existing rules. These vary from state to state and may take into account income, household size, family status (like pregnancy or caring for young children), disability, age, and other factors.