WAEPA Gives You Money Back
Since 1996, WAEPA has refunded over $100 Million to its members. How? Based on the previous fiscal year, WAEPA’s board of directors evaluates our earnings and determines if a refund is possible. Refunds are based primarily on the claims ratio for each fiscal year vs new business vs the overall market performance. If a refund is awarded, members receive their payment in the form of a check.
Although premium refunds are not guaranteed, WAEPA has given a refund 22 of the past 23 years! When was the last time FEGLI gave you money back?