answersLogoWhite

Top Answer
User Avatar
Wiki User
Answered 2015-07-15 21:51:01

Many large companies these days offer insurance for a "significant other" instead of a spouse. Speak to the insurance company directly for this information.

This is possible, but there are some issues to consider: 1) If the employer group is purchasing their health insurance from a carrier, there will likely be state laws and carrier rules to this. Each state regulates the insurance carriers within their state.

2) If this is a large company of 300+ employees, they probably 'self-insure.' This exempts them from state insurance laws and the employer gets to make most of the decisions.

3) WARNING: IF the employer pays any portion of your premium, they are required by federal law to consider the amount of money that they (the employer) pay towards your (the significant other) insurance premiums as taxable income to your boyfriend.

For example, if the employer pays 50% of the cost for dependents and the premium cost for adding you is $300 per month, then the employer pays $150 and your boyfriend will have $150 per month deducted from his pay. But he will also have the income taxes on the $150 the employer contributes deducted, too.

There is a complex reasoning the fed gov't has for requiring this. It has to do with the fact that significant others are not afforded the same tax status as spouses.

Yeah.

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Your Answer

Loading...

Still Have Questions?

Related Questions

Can you get insurance for significant other?

You can get insurance for your significant other. You need to let the insurance company know, and they will add your significant other to your insurance. There might be additional costs.


Does cigna offer significant other insurance?

Does Cigna offer significant other insurance?


Can you use your medical insurance to pay for surgery for a significant other who has no insurance?

Depends on the company, sex, state, etc. Call and ask them. Probably not.


What are the insurance rights of significant others?

what type of insurance are your speaking of and what rights?


Does Public Empolyee Insurance Agency Acordia Group have a significant other clause?

Check with your state Dept of Insurance. They are the ones that generally regulate domestic partner laws.


Is 'significant other' the same as spouse for medicare purposes in California?

This depends on the state laws, and the insurance company. Contact either your states dept of insurance or the carrier you are insured with.


Can you get life insurance on your partner if you not married yet?

Yes, you can get life insurance for your significant other if there is an insurable interest. The most common situation is if the partners live together, regardless of who owns the home.


Why is imputed income deducted from your paycheck?

i have imputed income taken out of my check because a have a significant other on my insurance can i use this as a tax deduction


Does Blue Cross Blue Shield of Illinois allow insurance for a significant other?

It does as of June 1, 2011 under the Civil Unions and Insurance Benefits Law Public Act 96-1513.it does


How do you lose your insurance coverage?

Most insurance companies will refuse to renew if you have had significant losses or traffic violations.


Can I get insurance for my Significant other medical insurance coverage?

Depends upon the policy. Some have provisions for domestic partners, same-sex partners, commonlaw marriages, etc. Contact your provider directly to inquire.


Does your significant other have health or life insurance benefits if you have been employed by Ford and a member of the UAW for over 18 years?

You need to check the terms and conditions of your policies. A significant other generally does not qualify for any benefits of your health policy. A spouse, on the other has the option to be included on your policy with an adjustment to the premium. With life insurance, the "benefit" would be to be named as beneficiary on your policy. You can name anyone you want for that.


Is a divorced man's child covered by the significant other's insurance plan?

As far as I know, in most states the significant other would have to legally adopt, or become the legal gardian of the child in question in order for that child to be classified as "dependant" on the significant other. Your significant other cannot approve medical procedures for the child, thus they cannot offer insurance on said procedures.The short answer is no. Unless that significant other was the spouse, he could not extend coverage to the child.In my case, I am the noncustodial parent & was order to carry medical coverage for my son. When I got married my wife was able to put my son on her insurance plan as well.ANSWERI have my stepdaughter on my health insurance. My insurance company allows it for children that live with us. The insurance would also cover children that don't live with us but he is court mandated to provide insurance for them.ANSWERAlso note that certain states have a "Domestic Partner" legal status, which will often allow a person's Domestic Partner to include both adults and any children in the household (regardless of legal custody) to be covered under a family policy. Domestic Partnerships were commonly (but not exclusively) used by gay couples in places where same-sex marriage was illegal.


When to use significant other?

When the other one is truly significant to you.


Other than breakdown insurance what else does More Than offer?

Other than breakdown insurance, More Than offers a wide variety of other insurances such as life insurance, car insurance, property insurance and home and pet insurance.


What other significant discoveries and inventions can you think of?

what other significant discoverie and inventions can you think of?


What are the 10 signs of cheating?

I will put the answers as bullets1. You caught your significant other screwing someone else2. You caught your significant other screwing you and someone else at the same time3. You yourself are the cheater and are screwing someone4. You yourself are the cheater and are screwing your significant other and someone else5. Your finding used condoms on your bedroom floor and don't remember having sex. ( Although you could be having sleep sex)6. Your significant other doesn't count you as their significant other7. You are younger than your significant other (And your significant other is a prostitute)8. You haven't seen your significant other Ever! (Could be imaginary)9. Your significant other has more than one significant other10. Your significant other doesn't know that they are your significant other11. Someone is looking at your answers of the test before the test is graded.


What is the rating for Hartford insurance compared to other insurance companies?

Hartford Insurance is highly rated compared to other insurance companies. They constantly score among the highest companies in the insurance business.


Does frankie Beverly have a significant other?

I'm not for certain , but I'm thinking "yes", & that he does have a ,significant other !


How is banking and insurance complement each other?

how is the banking and insurance are complement each other


If you are in an accident and it is not your fault will the other insurance pay if you do not have comprehensive insurance?

Yes. The terms of your insurance policy are not relevant if the other party is at fault.


If your auto is hit the other driver's auto insurance pays all medical expenses and so does your health insurance must you reimburse your company?

You do not have to reimburse your insurance company if the accident is the fault of the other driver and the claim is made on their insurance. If the accident is the fault of the other driver and their insurance does not cover everything and you make a claim on your insurance for reimbursement, your insurance will subrogate (collect back) from the other company.


Who is Ashton Kutcher significant other what her name?

Ashton Kutcher's significant other is named Mila Kunis.


Reduce Risk With Pet Insurance?

Without insurance, pet owners can incur significant veterinary bills if their loved pets become injured or ill. However, pet insurance can reduce this risk. Insurance policies can cover the cost of treatment.


Who is an insurance subscriber?

An insurance subscriber is the person who subscribes to the insurance, or in other terms an insurance subscriber is the policyholder who pays for a specific insurance plan.