60.04 Federal premium-assistance amount78

Premium assistance amount. The premium assistance amount for a coverage month is the lesser of: The enrollment premiums, which are premiums for the month, for one or more QHPs in which a tax filer or a member of the tax filer's household enrolls, reduced by any amounts: (i) Refunded in the same taxable year as the premium liability is incurred; or (ii) Unpaid as of the unextended due date for filing the tax filer’s income tax return for the taxable year that includes the month; or The excess of the monthly premium for the applicable benchmark plan (ABP) (benchmark plan premium) (§ 60.06) over 1/12 of the product of a tax filer's household income and the applicable percentage for the benefit year (the tax filer’s contribution amount). (b) Examples.79