can i have tax deductions?
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Yes but you only the amount that is above the 7% of your AGI. check out the irs website, schedule C
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Tuesday, June 7, 2011
Non-dependants in college -can I still put them on my health insurance plan?
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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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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I don't have health insurance but would like opinions on what helps Your Depression?
I have found increasing exercise & sometimes drinking Coke helps me but would like input from others.
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I take generic Wellbutrin SR (150 mg) in the morning, and Lexapro (10 mg) with dinner, for depression and anxiety. I've been taking that for over two years, and it's working very well for me. If you don't have insurance for the medications, do a Google search on "prescription assistance", there are a lot of programs out there that can help with the medications.
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I take generic Wellbutrin SR (150 mg) in the morning, and Lexapro (10 mg) with dinner, for depression and anxiety. I've been taking that for over two years, and it's working very well for me. If you don't have insurance for the medications, do a Google search on "prescription assistance", there are a lot of programs out there that can help with the medications.
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Why is car insurance mandatory but health insurance isn't & why does the gov think there's a prob w healthcare?
The gov already provides healthcare to those who can't afford it and those who can it only costs a few hundred/month which is less than a car payment which everyone has so what exactly is the problem with healthcare?
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Sixty percent of the bankruptcies in the US are due to medical expenses. Almost all of those are middle-class, educated, home owners, 75% of which HAD health insurance. And the bankruptcy filings have increased 50% in just the last seven years. (1) Seventy percent of people with no health insurance are employed full time, but health insurance premiums have increased at more than twice the rate of wages, and much more than over-all inflation. (2) The US government does not provide health care. It provides Medicaid to those over 65, but only the most completely destitute avoid paying the premiums, co-pays, and deductibles. Some states provide subsidized health insurance to low income families, but the same limitations apply. If you're under 65 and much above the poverty level, you're own your own. Most health insurance in the US is tied to employment. Since you're only entitled to twelve weeks of medical leave, if you have a major illness or accident, you will loose your job, and with it, your insurance. My employer offers health insurance. The current premium for an individual is nearly $50 more than my salary. The family premium is nearly twice what I'm paid. Yeah, pretty sure that's a problem ... ;)
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Sixty percent of the bankruptcies in the US are due to medical expenses. Almost all of those are middle-class, educated, home owners, 75% of which HAD health insurance. And the bankruptcy filings have increased 50% in just the last seven years. (1) Seventy percent of people with no health insurance are employed full time, but health insurance premiums have increased at more than twice the rate of wages, and much more than over-all inflation. (2) The US government does not provide health care. It provides Medicaid to those over 65, but only the most completely destitute avoid paying the premiums, co-pays, and deductibles. Some states provide subsidized health insurance to low income families, but the same limitations apply. If you're under 65 and much above the poverty level, you're own your own. Most health insurance in the US is tied to employment. Since you're only entitled to twelve weeks of medical leave, if you have a major illness or accident, you will loose your job, and with it, your insurance. My employer offers health insurance. The current premium for an individual is nearly $50 more than my salary. The family premium is nearly twice what I'm paid. Yeah, pretty sure that's a problem ... ;)
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Why do health insurance drop people?
My sister had health insurance for about a year and she went in about 7 months ago to have a colonosopy( they removed 2 small polyps) and she also took a medication for osteoporosis. A few weeks ago she got a letter from her insurnace company saying they were dropping her because of the polyps removal and of the medication used to prevent osteoporosis. Do insurance companies normally do this?
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It's illegal. Unless your sister lied in the application. But if not, the insurnace company cannot drop her. What company did she insure with?
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It's illegal. Unless your sister lied in the application. But if not, the insurnace company cannot drop her. What company did she insure with?
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My husband is switching careers...we need short term health insurance for the in between period?
We'd need it for 30 days and it needs to cover pre-existing conditions. Can anyone recommend which insurance provider to look into? Thanks for your help.
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Short term health policies do not cover any pre-existing conditions. COBRA will be available if your current plan has more than 20 employees. That will be your only option to keep the conditions covered.
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Short term health policies do not cover any pre-existing conditions. COBRA will be available if your current plan has more than 20 employees. That will be your only option to keep the conditions covered.
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Will the US proposed mandatory health insurance consider setting up a Conscientious Objector program?
Can a Christian Scientist refuse Chemo for their child if they have Cancer?
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This is essentially an insurance reform. No one will be forced to have health care under the proposed legislation.
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This is essentially an insurance reform. No one will be forced to have health care under the proposed legislation.
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