I have two daughters who file their own taxes, which means i do not claim them as dependents. One lives at home (age 18 full time college and part time work) and the other has been away in another state for two years (age 21full time college and full time work) My question is on the new insurance plan - it states "dependents up to age 25 covered" Is there an advantage to making them dependent? What would I need to do to get them insurance coverage?
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From Blue Cross Blue Shield: My child will be going to college. Can I keep his or her coverage active? Yes, provided your group health plan has our "family continuation" (FC) or "dependent continuation" (DC) rider. Be sure to check your benefit guide or ask at work to see if your group health plan includes one of these riders. If your organization offers one of the riders, you must apply for continuation coverage before December 31st of the year your dependent turns 19. Let us know your dependent is attending college, and we will send a letter annually to verify that his or her enrollment continues. Between the ages of 19 and 25, dependents can remain covered if they are: Unmarried Related to you by blood, marriage or legal adoption Full-time students for at least five months of the year or have a gross income of less than four times the personal exemption amounts as defined by the Internal Revenue Service's current code So it looks like your 18 year old can be covered but your 21 year old cannot. The family continuation rider is pretty common but you need to check with your own health insurance carrier to determine if their rules differ from those above.
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