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What else can I help you with?
Can I use my HSA for child care expenses?
No, you cannot use your Health Savings Account (HSA) for child care expenses. HSAs are specifically designed to cover qualified medical expenses.
What are the child expenses covered under Publication 503?
Child expenses covered under Publication 503 include costs related to dependent care services necessary for parents or guardians to work or attend school full-time. This can include expenses for daycare, preschool, and before or after-school care.
What are the benefits of baby insurance plans and how can they help protect my child's future?
Baby insurance plans provide financial protection for your child in case of unexpected events such as illness, accidents, or disability. They can help cover medical expenses, provide financial support for education, and ensure a secure future for your child. By investing in a baby insurance plan, you can safeguard your child's future and provide peace of mind for yourself as a parent.
What child expenses are tax deductible?
Child expenses that are tax deductible typically include childcare costs, medical expenses, and education expenses such as tuition and fees. Additionally, some tax credits may be available for expenses related to adoption or dependent care.
How can I use my HSA for child care expenses?
You cannot use your Health Savings Account (HSA) for child care expenses. HSAs are meant for medical expenses only. However, you can use a Flexible Spending Account (FSA) or a Dependent Care Flexible Spending Account (DCFSA) for child care expenses. These accounts allow you to set aside pre-tax money to pay for eligible child care expenses.
Can medical expenses not covered by insurance be deducted in calculating net income for child support determination?
That's called a rebuttable presumption. see links
What expenses are you required to pay on top of child support?
Only those court ordered. See link below The court might require you to pay child care, medical insurance and/or medical expenses.
What is PIP in insurance?
In insurance, PIP is an acronym for Personal Injury Protection. In some states, PIP provides coverage for an insured person for certain "reasonable and necessary" expenses. The types of expenses that qualify for PIP coverage vary from state to state, but some examples of expenses may include: loss of services, income continuation, medical and hospital expenses, funeral expenses, and child care expenses for bodily injury caused by a covered accident (regardless of who was at fault).
If the non custodial parent is ordered to pay medical insurance for the child does that include the copay and deductible?
That's a good attorney question, but I would not think so. Copay and deductable would be medical expenses, not medical insurance.
Where would you get receipts expenses like child care and medical expenses?
You can obtain receipts for child care and medical expenses from the service providers themselves. For child care, request a receipt or statement from the daycare or caregiver, which should include their tax ID number. For medical expenses, you can get detailed statements or receipts from healthcare providers, hospitals, or pharmacies, which usually outline the services rendered and costs incurred. Additionally, check your insurance provider for any statements that summarize your out-of-pocket expenses.
Do you have to pay child support and half of medical expenses?
States have guidelines that provide how much should be paid in child support and medical expenses by the non-custodial parent. The guidelines use several factors including income of the parties and who provides medical insurance.States have guidelines that provide how much should be paid in child support and medical expenses by the non-custodial parent. The guidelines use several factors including income of the parties and who provides medical insurance.States have guidelines that provide how much should be paid in child support and medical expenses by the non-custodial parent. The guidelines use several factors including income of the parties and who provides medical insurance.States have guidelines that provide how much should be paid in child support and medical expenses by the non-custodial parent. The guidelines use several factors including income of the parties and who provides medical insurance.
Is a copay considered a unreimbursed medical expense in a child support case If so should't a deductible be?
In most cases, a copay is un-reimbursable and the copay is un-reimbursable. It is ultimately up to the judge to decide what medical expenses are covered and not covered through the child support or custody case.
Are child learning disabilities covered by medical insurance?
It depends on your coverage. Some companies may cover the meds your child needs to take and the counseling/therapy if needed.
Where could one purchase medical insurance for a child?
Where you can purchase medical insurance for a child depends on where you are located. For example, You can purchase medical insurance for a child from providers such as CHPlus and Family Health Plus in New York.
If you enroll a step child older than 18 in your medical plan. Who is legally obligated to pay her medical expenses not paid by the insurance?
If the step-child is in college, you are still responsible for paying their medical bills. If they aren't a full time student, you may need to check with your insurance plan because most insurances will not cover a child over 18 unless they are full time students.
Does domestic partner insurance cover a child?
Generally if a domestic partner is covered then the child of that partner can also be covered.
Do you have to get insurance on your child if they are living with their mother?
Your child can be covered under both your & the mother's insurance even if he/she doesn't live with you.
