Sunday, October 12, 2008

Dependent child to be covered by parents Health Insurance




Dependent child to be covered by parents Health Insurance?
Are parents required to claim college student child as a dependent on their taxes for the child to be considered a dependent for the parent's health insurance coverage? Parents in Chapter 13 and refunds over $1500 go to Trustee. Can Child (living at home) claim herself on federal/state taxes and still qualify as a dependent for parents health insurance?
Insurance - 4 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Not after 09/23/10. But, if the parent wants to claim the child, and the child won't let them, the parent doesn't HAVE to keep them on their insurance. You might not realize this, but your parent pays, every single paycheck, for your health insurance. WAY more than you'd be getting in a tax return.
2 :
The health insurance issue aside, it is illegal for any person to claim himself or herself on federal taxes if that person "can be" (not "is") claimed by any other person in the entire world. If the parents have the option to claim the child, then the only two options are that the parents claim the child or no one claims the child. If the parents can claim the child, but do not (for whatever reason), then the child cannot. The child can claim the child only if it is actually illegal for the parents to claim the child.
3 :
~~No the two have nothing to do with each other. On 9/23/10 part of the insurance reform took place allowing a child to remain on a parents policy until the age of 26, regardless of school status. If the child is working and their employer offers group insurance, they must take the group insurance. So yes you can claim yourself (this just has to do with taxes) so if your parents do not support you then you can claim yourself and still with their permission allow you to remain on their health insurance. www.irs.gov clearly spells out what qualifies a parent to use to see if they can still claim their children as dependents. However it has absolutely nothing to do with the new insurance reform law.~~
4 :
healthquotes.awardspace.info - here is my health insurance plan. As I remember they can provide such a service.



Read more discussions :