What is dependent in medical insurance?
A family member for whom an individual is willing to provide healthcare and insurance coverage by adding them to his/her insurance plan is called a dependent. An individual’s spouse, children or parents qualify as dependents.
Who is considered a dependent for benefits?
Generally speaking, you can include any child who fits the following criteria: Age: Your child has to be under the age of 26. Relationship to You: For a child to qualify as your dependent, he or she needs to be your biological child, your stepchild, your adopted child, or a foster child you are taking care of.
Do you have to be claimed as a dependent for health insurance?
No. You do not need to be a tax dependent of your parents to continue to be covered as a dependent on their health plan.
What defines a dependent?
A person can be considered your dependant if they meet the criteria for one of the categories below: your spouse. your child. any other person you are in an interdependent relationship with. a person who is substantially financially dependent on you.
Who are dependents in a family?
Dependant Family Members: parents, sisters, widowed sisters, widowed daughters, minor brothers and minor sister, children and step- children wholly dependent upon the Government Servant and are normally residing with the Government Servant”. Also now include , dependent divorced / separated daughters and step- mother.
What classifies as a dependent for healthcare coverage?
Keep in mind that for purposes of health benefit plans, the IRS Code controls in all cases, and the plan cannot adopt the health provider’s definition of dependent if it is broader than the definition under the IRS Code. Source: http://www.probenefits.com/participants/learn/articles/who-is-an-eligible-dependent
Do you have to have health insurance to be a dependent?
All insurances must follow mandates created by the Health Care Reform Act. But, individual insurance companies and states may have additional policies that affect dependent definitions. To answer questions about dependent health insurance coverage, we’ve gathered some valuable information below.
What makes a person a dependent of an employee?
Below are the requirements for each category. If the individual qualifies under any of the three categories as listed below, he/she can receive tax-favored benefits as an eligible dependent of the employee. If the individual does not qualify under any category, he/she cannot receive tax-favored benefits.
Can a parent be claimed as a dependent?
However, sometimes, a parent can be claimed as a dependent for health insurance purposes as proves. A select few larger companies will allow you to claim your parent as your dependent on your health insurance plan.