The Blue Cross Blue Shield settlement appeal was finally resolved last year after the settlement got the approval two years ago. The class members with valid claims are currently awaiting the payout from the established settlement fund of $2.67 billion.
According to the settlement agreement, the settlement administrator will start the payment distribution as soon as the settlement becomes effective within 30 days. However, due to the appeal being resolved, now the claimants can expect the payout in mid-2025 or in the third quarter of the year.
The BCBS antitrust settlement involved the defendant’s practice of not competing with health insurance and administration selling in Puerto Rico and the United States. The reports suggest that around 6 billion subscribers will receive the settlement payout if they have filed a valid claim.
| Settlement | Blue Cross Blue Shield Settlement |
| Settlement Fund | $2.67 billion |
| Who qualifies? | People who bought the administrative services or BCBS health insurance during the class period |
| Class Period | Insured Groups and individuals: Feb 07, 2008, to Oct 16, 2020Self-funded accounts and staff: Sep 01, 2015, to Oct 16, 2020 |
| Avg. Payout | $333 |
| Payment Expected | By Mid-2025 |
| Settlement Website | https://www.bcbssettlement.com/ |
Settlement Payout per person
The settlement class members will receive the payout from the net settlement fund, which will be determined after the administration deducts the settlement expenses, attorney fees & costs, service awards, and other expenses. The administration estimates that the net settlement sum will be around $1.9 billion for the compensation.
The class members with approved claims will receive the payout from this fund, where the $1.78 billion fund will be used to compensate insured groups (including their employees) and individual claimants, and a total of $120 million was established for self-funded accounts and their staff.
If the final payment of the claimant is $5 or less $5, they will not receive any payout. So the claimants whose total payment is above the limit can expect the payment based on the services or health insurance plan of BCBS that they purchased. According to the reports, the individuals or class members with approved claims can expect a payout of up to $333.
Who will receive it?
The class members of the BCBS settlement who meet the following eligibility conditions will receive the following payout:
- Those who purchased administrative services or BCBS health insurance between February 2008 and October 2020 were considered class members.
- You bought or signed up for the BCBS health insurance or administrative services as an insured group, individual, or self-funded account during one of the class periods mentioned above.
- The settlement payout will be given to class members who submitted a claim on or before November 5, 2021.
Payment Mode
The BCBS settlement administrator will process the settlement payout based on the payment mode they have elected in the claim form. The following payment method will be used by the administration to process the BCBS settlement payments for the valid claimants:
- Venmo by Username
- Virtual Prepaid Card
- Physical Check
- PayPal by Email
The class members who have experienced any change in their payment mode information in these two years of interval should update the information in the claim via email to info@BCBSsettlement.com, phone call at (888) 681-1142, or post the update to the BCBS settlement administration postal address.
BCBS has also promised to make modifications to its business strategies and business operations to boost the competition in the health insurance market and ensure that consumers have many options to purchase the best plan as per their requirements. The defendant will create a monitoring committee to mediate any issue or dispute after implementing the injustice relief.
How to check claim status?
The BCBS settlement members who have claimed the settlement by 05 November 2021 can check their claim status to get assurance that they will receive the payout:
- Click the official BCBS settlement website mentioned in the table above.
- You should click the “I would like to” and click the Check my Claim Status option.
- Next, you should enter the Claim Number or Unique ID in the box.
- Once you enter the ID or number, click the submit button to see the claim status on your screen.
The BCBS claimants with approved claims will receive the upcoming payout only when their payment is above $5; hence, do check the status, and if you have any changes to make in the claim information, then do it before the administrator starts the payment distribution.
The claimants can check the settlement website regularly, as the administration will share an update about the BCBS $2.67 settlement fund compensation distribution.
Sick and tired of hearing this,send the money. Is there going to to be a refund or not? In fact, how do YOU know?
I had Blue Cross Blue Shield Insurance for years for my husband and I. He no longer living. He died on Dec .25,2015. I was in the Nursing Home in New Ulm,MN in 2018 and Blue Cross no longer was in Brown county (any way my plan). So while in Nursing Home I had to get some other kind of health insurance , so called senior linkage to get something like i had , no co pay etc. So I got Cigna. So I’m wondering how much I will get from this lawsuit or what ever. . Thanks for any amount for my husband and me.
I paid way more than they calculated and it should be more than $333 my insurance was very high and still had to pay high copay
I agree with you, $333.00 that’s all my Lord members always get the short end of the stick!!
This has been going on an only lately. Just start sending the claims people are tired of waiting for this. Just send it. Still no action on sending it.
Would have been nice for the information to have been given to more people affected by this. I still have a check for over 300.00 that was never reissued as promised from that time period.
Give me my money thank you
BCBS is now going through denying people at there discretion. This is the typical practice of Insurance companies. The biggest scammers !!!
I just wondering how was each person was notified of this settlement? I been in this insurance for 16 years and wasn’t notified about the settlement. I been paying out of the last three years and the payments been changed on me at least three times and was changed on me recently without any notice. I never receive anything when the insurance goes up. Also, the options for method of payments are horrible as well. There is no online system set up for customers, only money orders mailed in. The mail system is in a war within itself and the payments be extremely late. This is very unfair!
I had bcbs , since 2005. Will I get any of this.
I sent my information a month ago I’m just waiting for my333
I worked at HNI Muscatine iowa for 35 years and paid for health insurance with blue cross and blue shield. Where’s my check
Mark Deschepper
Please just sent the money we waited long enough
Haven’t saw a email yet. Send
Why don’t you people quit dragging your feet and just pay off the money to the people that get it. My status has been in review for the last how many months and has not changed so why don’t you guys just let us know if we’re going to receive a payment or not very simple. But all you guys want to do is just keep on dragging this out. We have to pay when you guys send us a bill or we will be canceled for insurance but when we are expected money you guys drag your feet. Something is wrong with this situation! You guys can’t even reply to email to let us know what’s going on I have emailed you guys four or five times with no response and I have called you guys twice with no information and nothing to tell us what’s going on. Thanks for all the great help not!
4 years and counting since I submitted claim.