What exactly is the Health Benefit Plan Credit (Utah)? Is it asking me to list how much I paid for a marketplace plan minus the premium tax credit?

[mckinly16]

Both my wife and I do not have access to an employer paid health care plan and thus use marketplace and premium tax credits

[MarilynG1]

On your Form 1095-A, Column A shows your Premium Cost.  Column C shows any Premium Tax Credit amount you received.

Subtract Column C from Column A to get the amount of premium you paid.

You may need to adjust this amount, depending on whether you got additional PTC or had to repay some of your PTC.  This is shown on Form 8962, Lines 26 and 29.

Here's a Worksheet from Utah to help you. 

@mckinly16 

[Lee171]

Thanks for your answer! One follow-up, if you did have to repay some of the premium tax credit how do you adjust?

Just for example: If I paid $200 a month after the PTC was applied so $2400 for the year but I had to pay $100 in PTC overpayment in the federal tax portion, do I add the $100 and enter $2500 for the amount of premium paid?

Thanks!

[Vanessa A]

That is correct.  If you are repaying $100 per month, or a total of $1,200, you would add the $1,200 to the amount you have paid out of pocket.

[Lee171]

So if I do have an amount on box 29 add that to the annual premium paid:

Subtract Column C from Column A and add box 29 for the total.

(In the example above it says repaying $100 PTC per month but the calculation in box 29 is the annual adjustment so I just wanted to clarify.)

Thanks!

[KeshaH]

Yes, add the total overpayment to the amount of premiums you paid.

[mckinly16]

If I subtract column C from Column A on my 2024 1095-A form it comes to 62.10 per month. However, I paid 69.70 for my monthly premium. Why are those numbers different? 

[ThomasM125]

You may have extra insurance premiums for such things as dental insurance that you pay in addition to what your qualifying insurance premiums for the premium tax credit is. So, the amount in column A may be less than what you actually pay. 

@mckinly16