Webcost silver plan (SLCSP) that the Marketplace has determined applies to members of your family enrolled in the coverage. The applicable SLCSP premium is used to compute your monthly advance credit payments and the premium tax credit you take on your return. See the instructions for Form 8962, Part II, on how to use the information in this column or WebThe Second Lowest Cost Silver Plan, is the silver plan with the second lowest cost and available in the area in which the taxpayer lives. To find this while searching the exchange, sort the silver plans by price and find the one available to you (and your family) with the second lowest cost. The Premium Tax Credit is based on the Second Lowest ...
Solved: My 1095-A has nothing in column B (SLCSP) for two ... - Intuit
WebJan 23, 2015 · Individuals and families who purchased health insurance through Covered California or another Marketplace exchange will receive a 1095-A statement of tax credits and one column will be marked SLCSP. This odd acronym stands for the Second Lowest Cost Silver Plan and is instrumental in determining the specific household Premium Tax … WebAHCT_IND_2024_SLCSP_EHB_adj pg 1 of 2 2024 Plan Year. Anthem: Silver PPO Pathway X Tiered ConnectiCare Benefits Inc: Choice Silver Coinsurance POS Standard … how to skin peaches quickly
Frequently Asked Questions about the Second Lowest Cost …
WebChoosing the right plan for you. Looking at your healthcare options can be overwhelming. The Plan Compare tool makes it easy to filter plans based on in-network doctors and prescriptions to give you a better total cost estimate. If you need someone to help recommend a plan, you can find a Broker in your area for free help.. Understanding total … WebOct 12, 2024 · On the resulting Form 8962 line 11 (annual amounts), the amounts shown in Column (a) (Annual enrollment premiums) and in Column (f) (Annual advance payment of PTC) are the sum of the amounts on the two 1095-A forms. However, the amount on line 11, column (b) (Annual applicable SLCSP premium) is only equal to the amount from ONE of … WebAug 15, 2024 · The increase in their expected contribution toward ACA health insurance, and the corresponding decrease in their premium tax credit will be: $50,000 * 5.48% – $40,000 * 3.18% = $1,468. This represents about 15% of the $10,000 increase in their income. For a married couple, the effect of paying 15% of the additional income toward … nova scotia wakefield