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Health plans under the reform act, as we know it today, have to offer coverage to dependents until the young adult turns 26, BUT as of right now all we know is the following:
Dependent means, son, daughter, stepson or stepdaughter legally adopted or foster child
the problem lies in how they define dependent for HSA's... Right now the IRS has not changed the definition of dependent for HSAs
See this, it has all the details
for regular coverage (non HSA) the dependent does not have to live with a parent
does NOT have to be a dependent on the tax return
Don't have to be full-=time student
So, as far as we know now unless you are talking about a Health Savings account, the for you is yes
Both are under the age of 16 and my biological children. So, I CAN claim them when requesting insurance from the ACA marketplace even though my ex claims them as dependents on her tax return?
Yes, they do not have to be a dependent on your tax return
Thanks! Can you give me the IRS Reference for this info?
So, for purposes of the ACA marketplace they can be covered dependents
DIi you see the link I provided? As this has not yet become law I can try to find something but it is not yet in the code
Yes, Thank you for your help!
One last follow-up on this.... I want to verify that my claiming the boys for insurance purposes will not effect my ex wife's ability to receive tax credit for them as dependents on her tax return?
Thank you again!
I genuinely appreciate your time! Thanks!
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