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Does Being Claimed As A Dependent Affect Medicare

tax dependent, marketplace coverage, human services
April 29, 2022

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Some adults live together. These living arrangements could prove useful or perhaps even necessary for the families. Shared homes can make it easier to save money for an elderly family. However, living alone may reduce access to certain benefits. Medicaid benefits for kids and teens depend on their parents' earnings. Whether you are a young person or not, there's a good chance you could qualify for Medicaid when staying with the same family member.

Can I get Medicaid if I live with my parents?

Yes, Medicaid is available for those living at home. But there's a chance that the money they have can be used against you. Medicaid eligibility is determined largely by multiple factors, including your age, your family's situation, and other factors. If your parent earns too much money, you can't obtain Medicaid if you live together.

Tax filer + spouse + tax dependents = household

Medicaid Eligibility

If your parents' plan is sponsored by an employer with 20 or more employees, you also may be eligible to purchase temporary extended health coverage for up to 36 months under the Consolidated Omnibus Budget Reconciliation Act (COBRA). To elect COBRA coverage, notify your parents' employer in writing within 60 days of reaching age 26.

Medicaid Services

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This will let you (and possibly your dependents) qualify for premium tax credits and other savings based on your income.

Using MAGI allows people with larger households to have higher household incomes and still qualify for Medicaid. Income limits are different in every state. For example, in Texas, a three-person household can have a total income of $43,481. In Colorado, the income limit is $29,207. If your parents are considered part of your household, they will impact your Medicaid eligibility.

Health Coverage

If you cannot claim your parent as a dependent because he or she filed a joint tax return or has a gross income above $4,300 (in 2021) but you have been paying your parent's medical expenses, you may be able to deduct those expenses from your taxes.

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Medicaid usually defines households based on tax relationships. Parents can claim adult children as dependents under some circumstances. If no one claims you as a dependent, your household usually consists of yourself, your spouse, and anyone you claim as a dependent. Sometimes an adult child is living with a sick or disabled parent, and in these situations, the child may claim the parent as a dependent. However, any income received by your parent still counts toward your household income.

Living apart from your spouse and are a victim of domestic abuse, domestic violence, or spousal abandonment and want to enroll in your own health plan separate from your abuser or abandoner, you can say you're unmarried on your Marketplace application without fear of penalty for misstating your marital status. This will let you (and possibly your dependents) qualify for premium tax credits and other savings based on your income.

Federal Income TAX return

Coverage, do include them on your application. If you won't claim them as a tax dependent, don't include them. Include your spouse and tax dependents even if they don't need health coverage.

TAX Dependent and other services

Notes Dependent children, including adopted and foster children Yes Include any child you'll claim as a tax dependent, regardless of age. Children, shared custody Sometimes Include

You're eligible for a premium tax credit and other savings if you qualify based on your income and other factors. If you're married and will file separately for the year you want coverage: You can enroll in a Marketplace plan together but you're not eligible for a premium tax credit or other savings, and you may have to complete a separate application.

Under MAGI rules, an individual or family's assets do not count in determining eligibility. (For more information on what income counts under MAGI rules, see Key Facts: Income Definitions for Marketplace and Medicaid Coverage .)

If coverage extends beyond the 26th birthday, the value of the coverage can continue to be excluded from the employee's income for the full tax year (generally the calendar year) in which the child had turned 26. For example, if a child turns 26 in March but is covered under the employer plan of his parent through December 31st (the end of most people's taxable year).

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