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Who is the responsible for adult dependents health care out of pocket expenses after insurance pays their share?
Wiki User
∙ 12y ago
It is a difficult decision to make. If you have the means, you can either loan or give the money to the child so that treatment can be given in the shortest time. Without insurance, public funding or hospitals can be researched for the best price. Unfortunately, many hospitals will not treat patients who do not have means, or will delay treatment. We carry a catastrophic insurance policy on one son in an attempt to avoid the problem. Adults are responsible for their own expenses
Wiki User
∙ 15y ago
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Will your health insurance cover medical expenses if you are injured in a car accident?
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Is the parent that carries health insurance on their 21 year old child responsible for any uncovered expenses?
Yes, the holder of the policy is responsible for the difference. In most cases there is actually a requirement to agree to that to obtain coverage.
Why people pay health insurance?
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Can you explain a health reimbursement plan?
Health reimbursement plans are more commonly known as Health Reimbursement Arrangements (HRAs). Many businesses use these plans as their sole employer-sponsored health coverage. A businesses might also use a Section 105 medical reimbursement plan as a supplement to traditional employer health insurance to reimburse deductibles, dental or vision. Section 105 of the IRS code allows small business owners to pay for medical expenses tax-free. With a Section 105 health reimbursement plan, an employer can reimburse an employee for medical and insurance expenses. These can be expenses incurred by the employee or his or her dependents, but they must be allowed under the plan document, which is created by the employer and outlines the expenses eligible for reimbursement.
What does catastrophic insurance cover?
Catastrophic insurance is a type of health insurance that covers only big health care expenses. Catastrophic health insurance policies have lower-than-average premiums and higher-than-average deductibles.
