Refunds for thousands of students who were overcharged for health insurance

Refunds for thousands of students who were overcharged for health insurance

Attorney General Eric Schneiderman says that Markel Insurance Company agreed to refund $2.75 million to students across New York State as part of a settlement agreement.
(WSYR-TV) – More than 22,000 students will receive refunds after being overcharged by a health insurance company, according to the New York State Attorney General’s Office.

Attorney General Eric Schneiderman says that Markel Insurance Company agreed to refund $2.75 million to students across New York State as part of a settlement agreement.

The lawsuit covered students at 34 colleges across New York – including more than 4,700 in Central New York.

Thousands of the students who were overcharged attend schools in New York's SUNY system.

The refunds will average about $107 per student.

The company also agreed to pay a penalty of nearly $1 million – which is split between the Attorney General’s office and the Department of Financial Services.



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