Do I Get A Credit For Child Support For The Payment Of My Children Health Insurance?

1. Child Support Credit in the case of Medical insurance payments-New York State Law

2. Medical insurance payments-New York State Law Divorce cases are on the rise at a shocking rate and so are the problems pertaining to the custody of the children and expenses associated with it. It's never an easy sailing when it comes to deciding upon the financial liability of a non-custodian parent towards her or his child as lots of elements are considered in getting to the total amount of money. Basically, child support is defined as any or all of the expenditures to be sustained by the non-custodian parent in bringing up a kid and it consists of child’s educative, medical, day care and even health insurance payments. A parent who is not in physical custody of the children must pay out these child support expenses to other parent and amount of money is determined by several things for instance the parents’ income, their net worth, way of living before divorce case, living costs in a specific region and if a child has any particular requirements.

3. Medical insurance payments-New York State Law These need to be paid until the child attains adulthood of 21 years. The court’s order is a requirement and cannot be revised at the necessity of either parent as it will need a legal action in case any parent attempts to altercate the divorce contract related to custody of the children. An important stipulation prominent here is Can I Receive a Credit for Child Support for the Payment of My Kid's Medical Insurance? Since every state in USA has its own set of local regulations, the answer can be a no or yes depending on aspects below: 1. The medical expenditures are shared among both parents depending on their income and it includes medical bills, insurance cover payment and just about any payment made for the child’s medication.

4. Medical insurance payments-New York State Law 2. Only one of the parents employed can claim tax exemption by filing his / her child dependent. This exemption cannot be availed by both parents. 3. The parent should get her or his child insured with the health insurance policy given by her or his company, in this case non custodian parent isn't supposed to pay money for the health insurance plan payments of the dependent kid if employer is bearing the full insurance charges and hence its credit can't be obtained. 4. Regarding any extra health coverage given by the employer, the kid has to be covered by it. If provision 4 as well as 5 is available, it is not necessary for the parent to get a new health insurance plan since he or she will not be eligible to claim its credit according to child support plan since preexisting health policy is already accessible and monthly payments towards it are done by the company rather than the parent.

5. Medical insurance payments-New York State Law Needless to say insurance plan is an extremely broad section and covers many aspects for instance accident, home, car and life insurance. Only an experienced divorce lawyer who has addressed a spectrum of cases could perhaps direct a person in whole process of asset settlements and insurance matters. It is extremely prudent to decide on one’s divorce lawyer who can amicably resolve matters of argument of custody of the children causing no emotional pressure on the child’s future. As a parent it is obligation of both the partners that contract terms are respected without citations in any respect. For the specialists in this area in New York, remember to contact well-known Queens Divorce Attorney and receive a cost-free discussion on your dispute.

6. Medical insurance payments-New York State Law Zelenitz, Shapiro & D’Agostino 138-44 Queens Blvd #2 Queens, New York 11435 (718) 523-1111 http://www.youtube.com/watch?v=QDzfuOMolqw