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How do you calculate your refund on 600.00 gap insurance if you paid your 6yr long off in 2 years?
Wiki User
∙ 16y ago
Depending on how you purchased the gap insurance. If it was included in the financing + gap = monthly payment then any refund due would go to the finance company. If you purchased the gap insurance independantly from the finance company then you must contact the provider of the gap insurance directly for any type of refund.
Wiki User
∙ 16y ago
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Two insurances both pays as primary and the payment is more than 100 percent of the charge. Who do you refund the patient or insurance?
AnswerUsually one of the insurances because one of them is overpaying. If you can't convince them to take it (there can be two primaries rarely) then it would go to the patient. Even then its better to send it back to insurance and make them pay the patient themselves. That way they can't come after you years later for the refund you already sent to the patient.
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If you owe money to the IRS for prior years taxes, and you have a refund due to you on this year's taxes, the IRS will keep the refund and apply it towards the debt that you owe.
