The Blue Cross Blue Shield lawsuit talks about the violation of antitrust laws limiting competitions in the health insurance market. Many eligible applicants are waiting for the payment of this settlement late for legal challenges and appeals. All appeals and challenges are now resolved and applicants may expect their payment in in the middle of 2025.
Of the total amount of payment of $ 2.67 billion, $ 1.9 billion will be used to pay administrative costs and other legal fees, USD $ 1.78 billion will be deployed among individuals and insured groups, and members of self-fined accounts and their employees will receive their part of the $ 120 million.
Payment of Blue Cross Blue Shield
It pays off the Blue Cross Blue Shield lawsuits very expected by those who have filed a request form. This lawsuit began in 2013 against 35 Blue Cross Blue Shield’s health insurance plans, and the main allegations included that the company violated Antatrust’s law by limiting competition in the health insurance market.
This settlement is based on one of the largest class payments in American history, which is $ 2.67 billion. Blue Cross Blue Shield will soon start to pay $ 2.67 billion to consumers after a long legal battle that claimed that the massive health insurance company has violated the Antitruist’s Acts.
Despite denying any injustice, BCBS agreed to pay a settlement fund to resolve the lawsuit. The payment process faced several delays over legal appeals. The final legal challenge was resolved by the eleventh appellation court on January 26, 2024, and now the Supreme Court rejected further appeals on June 24, 2024. Now people can predict the payment of this settlement, it is soon expected to be in mid -2025.
When will the payment of a Blue Cross Blue Shield lawsuit?
As all legal challenges have now been resolved, the settlement payment will soon be deployed among the qualified applicants who have submitted their requests for submission of requests to the deadline from November 5, 2021. According to the official website updates, the application notifications are introduced to a rolling by e -mail class members with valid requirements.
Each class member, including individuals, insured groups and self -financed accounts that have a BCBS Health Insurance Plan between the Teaching period, will receive the payment of this settlement. The settlement fund will be distributed among the 6 million people who have filed for claim forms. The status of the application form is available on the official website on the “I Want” card with the “check” check my status of request “.
Status can be verified by entering the number of requests and a unique ID. Status will help you determine if you can expect a BCBS settlement payment or not. Maintenance related to the official website may be useful for updating information about the settlement of the settlement.
Who has the right to receive the Blue Cross Blue Shield payment?
The criteria for fulfilling the conditions of any settlement help interested individuals to find out if they can participate in the class action to get a payment or not. Below the given acceptability criteria, it also determines acceptable people to pay the Blue Cross Blue Shield lawsuit.
- This settlement targets those persons covered by certain health insurance plans for Blue Cross Blue Shield or administrative services between February 2008 and October 2020.
- The qualifying period for individuals and insured groups is from February 7, 2008 to October 16, 2020, while for self -financed accounts, the acceptable class period lasts between September 1, 2015 to October 16, 2020.
- Qualified people are those who, by November 5, 2021, filed valid patterns of the request.
- Those who have excluded from the class action are also acceptable to pay.
How much will the Blue Cross Blue Shield lawsuit per person pay?
The payment of a Blue Cross Blue Shield lawsuit will be deployed among the qualified individuals, insured groups and members of self -financed accounts after deduction of law fees, administration costs and other costs from a $ 1.9 billion settlement fund.
Payment per person will be based on many factors, including the number of valid claims, premiums paid once or more inhabited the accused during the teaching period and whether their insurance is fully secured or self -financially.
Nearly $ 1.78 billion will be distributed among individuals, insured groups and their employees, while the $ 120 million fund is available for self -financed accounts and their employees. If the total payment for any applicant is equal or less than $ 5.00, then it will not receive any payment from the settlement fund.
