Extending Health Coverage to Parents Not Eligible for Medicare/Medicaid
This bill allows individuals with health insurance to extend coverage to their parents if those parents are not eligible for Medicare or Medicaid programs. Additionally, expenses for such parents' health insurance may be tax-deductible, potentially easing financial burdens for families.
Key points
Individuals can add parents to their group or individual health insurance plans if parents are not covered by Medicare or Medicaid.
Medical care expenses for such parents may be excluded from gross income for tax purposes.
Self-employed individuals can deduct health insurance premiums for their parents who do not qualify for Medicare/Medicaid.
Expired
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