What does Dependent mean? Read on to discover the definition & meaning of the term Dependent - to help you better understand the language used in insurance policies.
A dependent is a child, young person, or another person (as provided by tax law) under the financial care of a parent, or other adult, who looks after the individual. People who are responsible for dependents can qualify for credits and or exemptions for tax purposes. A dependent must meet certain criteria in order to be officially claimed as such by a tax payer. In terms of insurance, parents' or legal guardians' health coverage often extends to dependents.
We hope the you have a better understanding of the meaning of Dependent.