The AICPA-endorsed Group Insurance Program provides Life and Long Term Disability solutions, issued by The Prudential Insurance Company of America (Prudential), for your Firm. Certain Group Plans offer competitive pricing and the opportunity for Annual Cash Refunds.
Annual Cash Refunds may help lower your cost of insurance. The AICPA Group Insurance Trust (Trust) reviews a number of factors in determining the amount, if any, of Annual Cash Refunds, such as premiums, claims, expenses, and other charges. These refunds could vary based on a number of factors, such as your rate class, payment mode, engagement in certain wellness programs, and the premium you pay. Please note, when premiums are lowered, refunds may decrease as well.
Annual Cash Refund distribution percentages are based on the Group Insurance Plan your Firm is enrolled in, whether the Firm has elected Dependent coverage, and any Annual Cash Refund enhancement the Firm is eligible for. Firms typically receive Annual Cash Refunds annually based on the group’s experience during the previous policy year.
Group Insurance Annual Cash Refund News for 2024
- The Annual Cash Refund was distributed on February 20.
- This year’s Annual Cash Refund is almost $130 million distributed to over 140,000 members for both Trusts combined.
- Almost 83,000 members will have immediate access to their Annual Cash Refund through electronic deposit.
- Click to view the Committee Report with Annual Cash Refund percentages and Trust Refund FAQs.
- Conveniently access your Annual Cash Refund Statement/Schedule K-1 online by logging in.
Annual Cash Refund Options May Add More Money to Your Annual Cash Refund
For Firms submitting monthly reports via the self-service portal, the Annual Cash Refund may be increased by $100.
ACH Option Results in Faster Annual Cash Refund Delivery
If you haven’t done so already, sign up for ACH and have future Annual Cash Refunds deposited to your savings or checking account the day they become available. To thank policyholders for registering for electronic deposits, a one-time $25 increase may be added to your Annual Cash Refund in the year in which you successfully enroll. Sign up using these three easy steps:
- Go to myfirm.cpai.com.
- Choose “Annual Refunds;” select “View/Update Preferences”.
- Choose “Electronic Bank Deposit/ACH;” fill in your banking information.
View the Committee Report with refund percentages
View Frequently Asked Questions
PLEASE NOTE- The participant receiving their Annual Cash Refund by check acknowledges and agrees that in order to obtain the Annual Cash Refund, if any, all Annual Cash Refund checks must be presented for payment according to the terms and procedures set forth in this paragraph. Without limiting the foregoing, Annual Cash Refund checks shall be deemed null and void if not duly presented for payment by, or on behalf of, the participant or former participant by the expiration date (not to be less than 120 days from the date of issuance) set forth on the face of the check. If a participant fails to timely present for payment an Annual Cash Refund check according to this provision and has not, prior to the expiration of the initial Annual Cash Refund check, requested re-issuance of such check, the full amount of the Annual Cash Refund shall be applied toward any of the participant’s contribution payments due; if no contribution payments are due or owing by the participant at the time the Annual Cash Refund check expires, the Annual Cash Refund amount shall be applied toward future contributions as they become due, until the participant receives the full Annual Cash Refund amount. Except as otherwise provided in this agreement, upon termination of coverage under the applicable trust, nothing herein shall limit a participant’s right to receive a full refund of any unearned contributions or unapplied portion of expired Annual Cash Refunds. For Participants receiving their Annual Cash Refund by ACH, if we are unsuccessful in transmitting the Annual Cash Refund to the bank account we have on file, we will issue the Annual Cash Refund by check, which will follow the same rules noted above.
Not for use in New Mexico.
Not for residents of New Mexico.
North Carolina Residents: THIS IS NOT A MEDICARE SUPPLEMENT PLAN. If you are eligible for Medicare, review the Guide to Health Insurance for People with Medicare, which is available from the company. This policy provides disability income insurance only. It does NOT provide basic hospital, basic medical or major medical insurance as defined by the New York Department of Financial Services.
THIS IS AN EXCEPTED BENEFITS POLICY. IT PROVIDES COVERAGE ONLY FOR THE LIMITED BENEFITS OR SERVICES SPECIFIED IN THE POLICY.
Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. The Booklet-Certificate contains all details, including any policy exclusions, limitations, and restrictions, which may apply. Contract Series: 83500. CA COA #1179, NAIC #68241.
Aon Insurance Services is the brand name for the brokerage and program administration operations of Affinity Insurance Services, Inc., a licensed producer in all states (TX 13695) (AR 100106022); in CA & MN, AIS Affinity Insurance Agency, Inc. (CA 0795465); in OK, AIS Affinity Insurance Services Inc.; in CA, Aon Affinity Insurance Services, Inc. (CA 0G94493), Aon Direct Insurance Administrators, and Berkely Insurance Agency; and in NY, AIS Affinity Insurance Agency.
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