Use the higher amount, the SLCSP.
The SLCSP premium is incorrect if:
- Part III, Column B has a “0” or is blank for any month someone in your household had the Marketplace plan
- You had changes in your household that you didn’t tell the Marketplace about — like having a baby, moving, getting married or divorced, or losing a dependent.
If either applies to you, you’ll use the government's tax tool to get the premium for your second-lowest cost Silver plan and fill that cost in column B of form 1095-A. Failure to do this will result in a wrong calculation of the premium tax credit.
If you purchased health insurance coverage through the Marketplace and chose to receive the benefit of advance payments of the premium tax credit, it is important to report certain life events to the Marketplace throughout the year – these events are known as changes in circumstances.
If your household income goes up or the size of your household is smaller than you reported to the Marketplace - for example, because a son or daughter you thought would be your dependent will not be your dependent for the year of coverage - your advance credit payments may be more than the premium tax credit you are allowed for the year. If you report the change, the Marketplace can lower the amount of your advance credit payments. If you don't report the change and your advance credit payments are more than the premium tax credit you are allowed, you have to reduce your refund or increase the amount of tax you owe by all or a portion of the difference when you file your federal tax return.
For the full list of changes you should report, visit HealthCare.gov.
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