2. verb. If you foster a child, you take it into your family for a period of time, without becoming its legal parent. She has since gone on to find happiness by fostering more than 100 children. [VERB noun]
Yes, a stepchild is eligible to be a dependent on your health plan up to the age of 26. If your coverage is an employer group plan that provides benefits to children, you will be given at least 30 days to enroll the new dependent. An eligible child can be a biological child, adopted child, stepchild or foster child.f your coverage is an employer group plan that provides benefits to children, you will be given at least 30 days to enroll the new dependent. An eligible child can be a biological child, adopted child, stepchild or foster child.
The funds are used to help pay for eligible medical expenses not covered under an employee's health care insurance plan. As a business owner, the IRS states you canât contribute to an FSA plan if you own 2% or more of the company and are an LLC, PC, sole proprietor, partner, or have a schedule S corporation.If you own a C-corporation, however, you may participate in an FSA plan because the IRS considers you a W-2 common law employee.Health Savings Account (HSA). A Health Savings Account (HSA) is similar to a personal savings account, and itâs typically paired with a high deductible healthcare plan (HDHP).es, to some degree, but it also depends on your businessâ status. As a business owner, navigating the world of healthcare savings plans is sometimes complicated because some plans you can participate in, and some plans you can't. Flexible Spending Account (FSA).