Blue Cross Blue Shield Settlement: Know Amount, Eligibility & Payment Date

People should know that the Blue Cross Blue Shield Settlement has been delayed due to a more extended appeal phase. Currently, there is information available on the official website that shows that all the appeals have been resolved, and people will soon receive the payment.

The payout of qualified individuals is on its way and will be directly credited into their bank accounts. Citizens need to update their details with the settlement administered if required to receive the compensation.

Blue Cross Blue Shield Settlement

The Blue Cross Blue Shield Settlement is based on the accusation that has been imposed on the company by various people. The class action lawsuit filed against them claims that they have violated the antitrust laws in which the company was involved in an agreement not to compete with each other and limit competition among themselves.

However, the company has taken the deal lightly and violated the trust laws, which resulted in filing a lawsuit against them. They denied all the wrongdoing, and plaintiffs and settling defendants have agreed to pay $2.67 billion among class members.

Blue Cross Blue Shield Class Action Settlement Overview

Authority	Blue Cross Blue Shield Settlement Administration
Name of Program	Blue Cross Blue Shield Class Action Settlement
Country	USA
Total settlement	$2.67 billion
Current Status	Payments are delayed
Mode of Payment	Direct deposit or checks
Category	Government Aid
Official Website	https://www.bcbssettlement.com/

Blue Cross Blue Shield Settlement Payout Date

The BCBS settlement was filed by those who purchased or received BCBS health insurance and was approved on August 9, 2022. Anyone who filed claim forms before the November 5, 2021, deadline will be paid. However, payouts from the settlement have been delayed because of lengthy appeals.

The Eleventh Circuit Court of Appeals approved the settlement, which denied an appeal on January 26, 2024. An appeal before the United States Supreme Court challenging the ruling of the Eleventh Circuit was dismissed. The decision paved the way for proceeding to make the settlement payouts.

Blue Cross Blue Shield Settlement Amount

The overall settlement amount under the BCBS Settlement is $2.67 billion, though the actual payment per individual depends on the insurance policy type, coverage period, and valid claims. After attorney fees, administrative costs, and other expenses, approximately $1.9 billion will be shared among eligible claimants.

The settlement amount will be allocated between the insured and self-insured. Close to $1.78 billion will be assigned to individuals, covered groups, and their workers, and $120 million will be allocated to self-insured plans and their members.

Checks with a value below $5 payable to any one claimant are not distributed. Payable checks will take even longer than deposits since the sending time may range from one to two weeks, depending on the delivery speed.

Eligibility for Blue Cross Blue Shield Settlement

Customers should know that only applicants who come under the eligibility will be able to receive the payment. The company and court combined prepared the eligibility criteria to ensure that only those who suffered and were eligible to be affected by their violation could claim the benefits.

• Customers who meet the criteria of purchased or received insurance from Blue Cross Blue Shield companies during the class period are qualified.
• Individuals covered by BCBS insurance between February 2008 and October 2020 are eligible to receive a payout.
• Customers who have filed the claim forms by the deadline of November 5, 2021, and haven’t excluded themselves from the settlement class are eligible to receive the settlement payout.

How to Check the Claim Status of Blue Cross Blue Shield Settlement

To check the claim status of Blue Cross Blue Shield Settlement, citizens need to follow the basic steps, which are as follows:

• First of all, visit the department’s official website, www.bcbssettlement.com on your device.
• From the menu bar, find the option of “I WOULD LIKE TO” and click on it.
• Then from it, you have to choose the option of “Check My Claim Status”.
• Now, enter the essential details that are required and press enter.
• Your claim status is displayed on the screen; you can check it.

FAQs