I have been listening to the DNC speeches. Did I hear it said that insurance companies have been making refunds on premiums we have paid?
Or did they say that insurance companies will be making refunds on premiums in the future?
We have not received any refunds on our medical insurance premium. We pay the same amount every month. We are healthy. We have little medical care costs. Our insurance premium exceeds the cost of our medical care and has for years.
What did change though is what is covered and the amount of coverage. Several months ago we got a letter outlining coverage changes. Coverage is less, not more. For example: they used to pay 80% for a mammogram. Now it is 60%.