My partner and I are interested in other people’s opinions about a bit of an ethical dilemma we’ll likely be facing shortly (partly because we don’t agree with each other)
Our private health insurance company* (a mutual fund) is almost certainly going to be taken over by another company. As a result, all policy holders will receive a sum of money, since the purchasing company is a private company and we will no longer be in a mutual fund. The policy won’t be changing, so from our perspective the only change will be the name on the yearly bill and being given a sum of ‘free’ money.
As part of my partner’s compensation package, his employer reimburses us for the health insurance. They do not pay the insurer directly, we pay and then submit an expenses claim form.
So, who does this ‘free’ sum of money belong to? Us, or my partner’s employer?
Some things we’ve been thinking about and are unsure if they make any difference to the issue:
Does the amount of this unexpected sum make any difference?
The fact that we’d have health insurance anyway (since there are tax benefits)?
The fact that we would have a different policy (a cheaper one, and probably not with this company) if the employer did not reimburse us for it?
The fact that we didn’t have health insurance with this company before my partner was promoted to the level that receives this perk?
The fact that if my partner was to leave the company shortly after renewing the policy, we would need to pay the company back (or at least a portion of it back)?
*I’m Australian, so our health system, and private health insurance system is completely different to the US. I’m happy to answer any questions (to the best of my ability) about how it works here.