My wife & I qualified for a Premium Tax Credit of $2553 monthly for 2018 using Healthcare.gov website. We purchased Blue Cross Silver Plan Insurance plan that costs $2000 monthly. We chose the Advanced premium Tax Credit of $2000 monthly making our monthly Premium $0. In the past I chose the entire PTC which reduced premium to about $200 a month. The PTC is much more this year since we are both retired at age 64 with lower income.
What happens to the additional $553 PTC we qualified for? I know I could choose a more expensive plan but we are satisfied with the plan we have.
