I came to US on H1 in March. I purchase Travel insurance for 2 months from India.
My company is providing health care insurance for family. I have to pay insurance amount from my salary for my wife and son.
Health insurance can be start as date of hire (in March) or loss of current coverage (in my case its Travel insurance).
If I can start after loss of current coverage then I don't have to pay insurance amount for 2 months, which I already paid in India (for travel insurance).
I want to know that, if I start my health care in May (after my travel insurance) then I have to pay penalty when I file income tax return next year or there is no penalty because I already cover insurance (travel) when I was in US.
OR
I can start my insurance in company as my date of hire (in March) and start my spouse and son insurance in May (after travel insurance).