Tip: Even if your total income was too much for the premium tax credit, you may qualify for it anyway, because certain actions (such as contributing to a 401(k) or other employer retirement account, or contributing to a Health Savings Account) lower your income for the purposes of the tax credit calculation.
This number is used to calculate the health insurance premium tax credit (“Obamacare subsidy”) that you could receive, based on your income. In other words, the not-quite-least-expensive Silver Plan that you could have signed up for. Part III Column B should show the cost of the “second lowest cost Silver plan” (SLCSP) premium. What Is Part III Column B of the 1095-A For, Anyway? If you are concerned about your tax situation, please consult with a real tax professional. This post is for educational purposes only, showing you what I learned and what I did to deal with this issue. I’m just a lovely lady on the internet, a citizen like you, who also had an Obamacare health insurance plan last year, and who also received a 1095-A where my column B was all zeros. Please note: I’m not a tax expert and this should not be taken as tax advice.
But – what’s this? Your 1095-A Column B is zero all the way down? It can’t be right that the Second Lowest Cost Silver Plan premium costs $0! The form is wrong! What now? My 1095-A (well, Part III of it anyway) with all zeros in Column B The amount you paid in premiums is correct. Names and social security numbers for you and your dependents look good (hopefully). Your tax forms are rolling in! Including one for the health insurance premiums from your Affordable Care Act marketplace plan: the 1095-A form.
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