Extending Health Coverage to Parents Not Eligible for Medicare/Medicaid
This new law allows health insurance plans to cover parents who are not eligible for Medicare or Medicaid, through group or individual plans. Additionally, expenses for such parents' health insurance can be tax-deductible, potentially easing financial burdens for families. The aim is to improve access to healthcare for older family members.
Key points
Allows individuals to extend their health insurance coverage to parents not eligible for Medicare or Medicaid.
Health insurance expenses for these parents can be tax-deductible, reducing costs for families.
The definition of parent includes biological, stepparents, and adoptive parents.
Expired
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