Q11:Who benefits from this tax treatment? Consequently, the exclusion applies to any coverage that is provided to an adult child from Mathrough the end of the taxable year in which the child turns 26. The tax benefit became effective March 30, 2010. Q10:When did this tax benefit go into effect? Under a change in tax law included in the Affordable Care Act, the value of any employer-provided health coverage for an employee's child is excluded from the employee's income through the end of the taxable year in which the child turns 26. Q9:I understand that there are tax benefits related to the extension of dependent child coverage. Q8:Are plans or issuers required to provide coverage for children of children receiving the extended coverage? Q7:Are both married and unmarried young adults covered? This provision, therefore, does not apply to Medicare. Dependents must be individually eligible in order to have Medicare coverage. Medicare does not provide coverage for dependents. Q6:Does Medicare cover adult children in the same way that private health coverage does? Eligible adult children wishing to take advantage of the coverage up to age 26 will be included in the parents' family coverage. Q5:Does the adult child have to purchase an individual policy? Plans and issuers that offer dependent child coverage must provide coverage until a child reaches the age of 26. ![]() Q4:Can plans or issuers who offer dependent child coverage impose limits on who qualifies based upon financial dependency, marital status, enrollment in school, residency or other factors? Q3:Will young adults have to pay more for coverage or accept a different benefit package?Īny qualified individual must be offered all of the benefit packages and cannot be required to pay more for coverage than similarly situated individuals. This rule applies to all plans in the individual market and to all employer plans. Both married and unmarried children qualify for this coverage. ![]() The Affordable Care Act requires plans and issuers that offer dependent child coverage to make the coverage available until a child reaches the age of 26. Q2:What plans are required to extend dependent child coverage up to age 26? Many parents and their children who worried about losing health coverage after they graduated from college no longer have to worry. The Affordable Care Act requires plans and issuers that offer dependent child coverage to make the coverage available until the adult child reaches the age of 26. En español Q1:How does the Affordable Care Act help young adults?īefore the Affordable Care Act, many health plans and issuers could remove adult children from their parents' coverage because of their age, whether or not they were a student or where they lived.
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