Homonym: Dependents (Tax)
Dependents are individuals who rely on someone else for financial support, typically in a family context. This often includes children, spouses, or other relatives who do not have sufficient income to support themselves. In many cases, dependents are claimed on tax returns, allowing the primary earner to receive certain tax benefits.
In the context of insurance, dependents may also refer to individuals covered under a policyholder's plan, such as health or life insurance. This coverage ensures that dependents receive necessary medical care or financial protection in case of unforeseen events, helping to secure their well-being.