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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.
If your income is too high for Medicaid and you would like to see your other health insurance options, you may visit the federal Health Insurance Marketplace. Depending upon your income and family size, you may qualify for a tax credit that can help you pay for the cost of your health insurance.pply for Medicaid. To apply for Medicaid, you will need to fill out and submit a Medicaid application, also known as an Indiana Application for Health Coverage form.