WATCH YOUR MAILBOX!
Local residents should watch their mailboxes carefully in the next several weeks because about 2.7 million eligible taxpayers will receive a one-time refund from the Commonwealth as the result of action the General Assembly took last spring.
STATE TAX REBATES
Those eligible should receive $110 if they filed state taxes individually, or $220 if they filed jointly. The check should arrive by October 15. So, if you see a letter from the Department of Taxation – OPEN IT! If you have questions, visit the Virginia Department of Taxation’s website at https://www.tax.virginia.gov/news/2019-virginia-tax-relief-refund or call 804.367.8031.
PREMIUM REBATES FROM OPTIMA
Another rebate for residents in our area may soon be coming from Optima Health as the result of actions by a local advocacy group, Charlottesville for Reasonable Health Insurance (CRHI) (https://www.facebook.com/groups/142730106368938/) and the state Bureau of Insurance (BOI), with a little nudge from yours truly. Under requirements of the Affordable Care Act (ACA), insurance providers are required to spend 80¢ out of every dollar in premiums collected on healthcare claims and quality improvements (in policy parlance, this is called Medical Loss Ratio – MLR). [Read more…]