Your children are old enough to drive, vote and legally consume alcoholic beverages. They may have declared their adulthood you there a few years ago: "Mom / Dad, I'm an adult now" But if your children are still considered dependents, the Affordable Care Act (ACA) you! keep a health insurance policy that provides coverage for dependent children if you choose, until these young adults reach age 26. 
"dependent child "status is defined differently for tax purposes, ending 24 years (the IRS provides information on qualifying as a dependent child or dependent relative, including the gross income test.) your 26 or under child can still qualify for the coverage of your policy because of the ACA is a separate issue to consider.
the cost of health insurance
First, think about the different options available to ensure your young adult children. individual insurance policies could be a more economical choice to ensure your offspring that you might expect compared to group policies - especially when considering using tax credits for premiums. Or, you may decide to continue to include in the coverage of your family provides lower overall health insurance costs. Sometimes even a part-time job offer insurance choices as well
Related -.? How much does the individual health insurance Does
Consider Registration Periods
Although the pain of not having "minimum essential coverage" can be waived due exemptions such as not having enough gross income to require filing a federal income tax return (see question 6 of this IRS Q & a), if you choose to remove your young adult child of your policy, ask if he or she can enroll in another cover that time. unless your child is moving or experience other qualifying life event, such as the health insurance market requires wait until open enrollment period to select a new policy.
Conclusion
While deciding what is best for your family is your family the final decision of the insurance policy to the insured. Depending on the needs of your young adult child and the cost of health insurance, you can pass a bronze plan or health insurance money, or you may find your insurance is the most affordable for the level of coverage provided.
. NOTE: If you expect to add a child to your family soon, remember to formally notify your health insurance company and register your newborn
Have you selected keep your young adult children on your family policy, or move it to an individual policy? Tell us about your experience in the comments below!
0 Komentar