To the Editor: The article "Trip Insurance: Refunds Vary," (Oct . 7 was of particular interest to my wife and me.
In addition, the state intends to sell off abandoned property the state takes over, like bank accounts, car insurance refunds and security deposits, to gain about $300 million.
For the fiscal ending in 2007, the state collected $522 million in unclaimed property ranging from the contests of safety deposit boxes, cash from accounts, un-cashed insurance refunds, overpaid utility bills, escrow accounts and even unused gift certificates.
Once these funds cover items that have been charged to your bursar bill (tuition, fees, and health insurance), a refund will be issued to you.
Cancellation and interruption travel insurance will refund the costs of your trip in the event that it is canceled for a valid reason.
Finally, in box 10, an insurer will report any insurance contract refunds or reimbursements made to you as a student during the year.
The public insurance scheme refunds the bulk of the cost: 70 per cent of a doctor's visit, for example, so long as the doctor charges the officially agreed rate.
Under the "rule of 78" used by many lenders, the way the loan insurance is refunded tends to favour the lender.
Instead of charging people for insurance and refunding them a subsidy based on income, you charge them an income-based tax and use it to pay their health insurer.
And who among you has made a mental health claim on a tuition refund insurance policy — and what kind of process did you have to go through?
