The refund is the equivalent of 15 percent of an average bill for two months, the company said. Policyholders with auto insurance through the Interinsurance Exchange of the Automobile Club and its affiliate insurers should expect refund checks to be mailed by the end of … The dates of service; Supporting documentation, including but not limited to: A letter explaining the reason for the refund (FYI, the IRS phone number for stimulus check questions is different: 800-919-9835.) A check issued to Aetna in the amount of the overpayment; The name and ID number of the member for whom we have overpaid (Include a copy of the member's Aetna ID card, if available.) The third stimulus check and your tax refund. Your insurance claim income is probably not taxable. An insurance premium refund is when all or part of an insurance payment is returned to the individual who made the payment. You may remember these as the $1,200 and $600 payments. Nationwide: $50 one-time refund per policy as of March 31; refunds will be credited automatically within 30 days to the current payment method … Some insurance companies, like Nationwide, sent customers a refund check. • Progressive Insurance, whose corporate headquarters are in the Cleveland suburb of Mayfield Village, Ohio, gave a 20 percent credit on April and May premiums to customers with personal auto insurance. Your 2020 tax refund may include funds from the first and second rounds of direct aid, passed by Congress last spring and in late December, respectively. Your refund will be issued in the same form you paid your policy. American Family plans to return a total of $425 million in premium relief for personal auto insurance customers. Answer. In New York the credits were applied in May and June. In most simple terms, if employees pay a portion of health care premiums, then they are entitled to a prorated share of the premium refund. In the 9th year of MLR rebates, the rebate checks in 2020 are larger than they’ve ever been, driven mostly by the individual insurance market. And the refunds can be substantial: An average of $270 for an individual, and up to $2,000. If you are on a payment plan the insurance company will figure the credit for the amount of your policy you didn’t use, review how much you have paid in, and you may receive a refund. Learn about our 10% Auto Premium Relief Credit. Today's Bulletin extends these private personal auto policy reductions to more companies and adds commercial lines while monitoring insurance companies’ compliance with California’s consumer protection laws so that refunds are not discriminatory or inadequate. How much you get depends in part on your insurer and where you live. If there’s nothing to indicate what the payment is for, it’s likely that it’s meant to cover medical expenses and “pain and suffering.”. Ever since 2012, millions of Americans have received rebates from their health insurers each fall, refunding portions of prior-year premiums that were essentially too high. Several auto insurance companies have recently announced voluntary premium refunds to drivers. Many drivers covered by Nationwide reported getting $50 refund checks this week. This type of refund can be given for a number of different types of insurance, including car insurance, health insurance, life insurance, or private mortgage insurance. Additionally, you must distribute the appropriate funds within 90 days of receiving the refund check. If you mailed a check, you should receive a check.