Can Obamacare subsidy credits exceed monthly premium

[sb_NoVA]

Monthly premium was $280.00.  Obamacare tax calculator shows 2nd lowest cost silver plan to be $312.00.  Turbo tax wants to refund me 312*12 = $3744.  But I only paid $280/month in premiums last year ($3360).  That means I'd be getting back more than what I paid in Premiums.  Is that correct?  I didn't take any subsidies last year.

[MDM]

In 2017 Instructions for Form 8962 - i8962.pdf one finds

Your credit amount for each month is the lesser of:
The enrollment premiums...; or
The amount of the monthly applicable second lowest cost silver plan (SLCSP)....

If I'm reading that correctly (and didn't delete important parts of that quote), then because $280 is less than $312 you should get only $280/mo credit.

Does your Form 8962 have the $280/mo on it somewhere?  If so, can you tell why it isn't used?

[sb_NoVA]

Working with Turbo Tax here, filing up 1095A, Not sure how 8962 comes into play when using Turbo Tax.  Since my Column B on 1095A was blank as I chose not to take any subsidies, should I just enter $280 (my monthly premium and discard Turbo Tax's Help section?).  For the record, I had a bronze plan. 

"
What if the SLCSP total listed in 33B is zero?
If the total in column B, row 33 of your 1095-A is zero, it's because either:
 - You qualified for a tax credit discount and chose not to get it in advance.
 - You didn't qualify for a tax credit discount when you enrolled.

If you qualified for a tax credit and chose not to get it in advance, you need to enter the monthly premium amounts of the second lowest cost silver plan (SLCSP) for 2017 so that we can calculate the premium tax credit that you deserve on your 2017 taxes. To find out what the monthly premium amounts would have been for the SLCSP in your area for your household, use the tax tools on Healthcare.gov or contact your Marketplace at 1-800-318-2596.
"

[MDM]

Working with Turbo Tax here, filing up 1095A, Not sure how 8962 comes into play when using Turbo Tax.  Since my Column B on 1095A was blank as I chose not to take any subsidies, should I just enter $280 (my monthly premium and discard Turbo Tax's Help section?).  For the record, I had a bronze plan. 

"
What if the SLCSP total listed in 33B is zero?
If the total in column B, row 33 of your 1095-A is zero, it's because either:
 - You qualified for a tax credit discount and chose not to get it in advance.
 - You didn't qualify for a tax credit discount when you enrolled.

If you qualified for a tax credit and chose not to get it in advance, you need to enter the monthly premium amounts of the second lowest cost silver plan (SLCSP) for 2017 so that we can calculate the premium tax credit that you deserve on your 2017 taxes. To find out what the monthly premium amounts would have been for the SLCSP in your area for your household, use the tax tools on Healthcare.gov or contact your Marketplace at 1-800-318-2596.
"

Does TT require you to answer 1095-A questions, even though you didn't get it?  Or did you get it?  See 2017 Form 1095-A - f1095a.pdf.

1095-A is something you receive (if applicable).  8962 is what you (in this case, with TT's assistance) need to send to the IRS.

[sb_NoVA]

Everything is straight now.  I was confused as 8962 is something TT generates in the background.  I did receive 1095-A and it had zeroes in column B.  I updated the number in column B from Healthcare.gov website tool to calculate 2nd cheapest silver plan.  Now I do see refundable credits are equal to my premium.  I can see the 8962 in background. 

Thank you so much for your assistance.