Hi Loren, and welcome to planDisney!
Regardless of the possible need to cancel, congratulations on securing your
Walt Disney World Resort vacation!
If you have a Disney Vacation package reserved, you can cancel this reservation no less than 30 days prior to your planned arrival date. If you need to cancel before your 30-day arrival window, you are eligible to receive a refund minus any cancellation fees assessed by third-party hotels or other suppliers. So yes, you will be refunded what you paid. If need be, you can also modify your reservation should you choose to.
If you do not cancel, be sure to reserve your theme park days using the
Disney Park Pass Reservation System. Also, be sure to choose your
MagicBands as soon as the color and design you desire are available.
Please let us know if you have additional questions; we are here to help.
Have a magical time!
Raquel