RunningBum - thank you for your reply! And no, I don't really want to go back to the former all or nothing plan but I do want to fully understand this one! If you can indulge me with a follow up question I'd be grateful. I'm sure this thread will help others now that the 2022 plans are viewable.
I understand you keep plugging the 8.5% into the higher MAGI dollar figure and then owe the delta vs. your original estimate (In this case $100K vs. $105K) as a worst case reimbursement scenario.
Here's where I'm still a bit confused - My 2022 MAGI estimate will be $100K which the .Gov site is utilizing to offer me a $1,224/month tax credit which I in turn will use in full to lower my Bronze monthly premium to $450/month which equates to me paying the health provider $5,400/year out of my pocket. If my 2022 MAGI comes in at the stated $100K figure nothing further is needed. If my MAGI is under $100K I will receive credit to be used on my tax return.
But.. If I come in over at $105K do I then take the 8.5% max and create the dollar figure of $8925. - subtract the $5,400 I've already paid out to the carrier for the year and then owe the delta of $3,525 to be reimbursed back to the Gov on my Fed tax return?
Thanks again!