who is my dependent vs beneficiary for health insurance
A beneficiary is a named future recipient of a life insurance payout, retirement plan account, or any account that has a named beneficiary. A dependent is your spouse or children. You can have your dependents as part of your benefits -- such as health insurance. You can name anybody, dependents, non-dependents, charities, etc... as your beneficiary. A beneficiary is a person who receives money or other benefits in future from any saving account that has a beneficiary. But a dependent can be your wife or children who can take benefits of your any insurance plan.