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.
Once you have enough money in the HSA you can be reimbursed. If you use money in your HSA for something other than a qualified medical expense, you'll have to pay income taxes on that amount. And, you'll have to pay a 20 percent tax penalty, unless you're disabled or over age 65.Generally you canât use the money in your HSA to pay for medical insurance premiums.Once you have a certain amount in your account, you can invest the money just like you would with an IRA. You can invest it in stocks, bonds and mutual funds.ou can use the money you have in your HSA to pay for medical expenses for family members, even if they arenât on your plan. You can always use it to pay for your spouse's expenses. If your children qualify as dependents on your tax return, you can pay for their expenses with your HSA, too.