Blue Cross Blue Shield Settlement Status, BCBS Settlement Claim Payment Schedule

In 2013, the lawsuit was started against the BCBSA, Blue Cross Blue Shield Association and related companies. This lawsuit is filed against BCBS. It was a class action lawsuit that was brought by a number of people in the group. The people in the group who filed the case against BCBS said that these companies are not playing fair in the health insurance field.

They claim that such companies deal with each other for their own profits, not to compete. The lack of competition leads to higher prices of health insurance and fewer choices for people. To help people overcome this problem, BCBS Settlement comes into the role. If you also want to apply for this Settlement or claim it, then you must read this article.

Blue Cross Blue Shield Settlement Status 2024

The Damaged class and Injunctive Relief Class, which are participants of the class, have accused the Blue Cross Blue Shield Agency (BCBSA) of breaching antitrust legal guidelines. The beneficiaries who qualified for all the eligibility standards further mentioned in the article can claim their Settlement.

For this, they need to filling out a form containing 3 exclusive Section alternatives, i.e. Section A, Section B and Section C in step with the insurance sort of the beneficiaries and finishing the form by way of filling Section D,E and F of the same. The beneficiaries who fill the form and mail it to the cope with of Blue Cross Blue Shield Agency (BCBSA) will get hold of the settlement amount in February 2024.

Blue Cross Blue Shield Claim 2024 Overview

Scheme NameBlue Cross Blue Shield Settlement
CountryUnited States of America
StateArizona
Year2024
Amount for BCBS Settlement $5 Billion
Blue Cross Blue Shield Claim Payment Date 2024February 2024
Portalhttps://www.Bcbssettlement.Com/ 

Blue Cross Blue Shield Settlement Key Dates

If you also want to apply for Blue Cross Blue Shield Settlement or claim settlement amount, then here are important dates you should know.

DeadlineAction 
November 5, 2021Claim Filing (for broken class July 28, 2021 (final training)Opt-Out
May 2, 2022(Self-Funded Entity Accounts closing instructions)Opt-out
October 20-21 (2021)Hearing 

The last date to report a claim by damaged class contributors becomes November 5, 2021. When a person does nothing, the method that they gained gets any amount, gives up their rights to sue the defendants, and turns out to be certain by using the agreement.

Compensation Amount in the BCBS Settlement

The reimbursement for each individual who filed a claim in Blue Cross Blue Shield Settlement will rely on several factors. The individual payout depends on the ID of claimants who filed valid claims by the deadline (November 2021). The unique information of every claim (together with the kind of coverage, length of coverage, etc.) may additionally play a role in figuring out the individual compensation amount.

It is anticipated that claimants would possibly acquire about $333 per claim. However, that is a median determination, and the real amount may be better or decrease depending on the whole number of accredited claims. The amount of $333, according to the claim, is not assured. The real amount every claimant receives can range based on the ID of authorised claims and the specifics of each declaration.

Payment Schedule 2024

Payment cut-off date of Blue Cross Blue Shield Settlement 2024Category for Settlement Payment
7th February, 2008 to 16th October, 2020Individuals filling Section A of the form
1st September, 2015 to 16th October, 2020Self Funded Accounts, i.e. Corporation or enterprise submitting Section B of the form
7th February, 2008 to 16th October, 2020Insured Groups filling Section C of the form

Blue Cross Blue Shield Settlement Amount 2024

Category for Settlement PaymentBlue Cross Blue Shield Settlement Amount 2024
Individuals filling Section A of the form$1.9 Billion
Self Funded Accounts, i.E. Enterprise or business submitting Section B of the form$1.78 Billion
Insured Groups filling Section C of the form$1.9 Billion

How do you check the Blue Cross Blue Shield Claim Status?

Individuals can, without difficulty, check their declared status by using their Unique ID or Claim Number. The unique ID was given to the individuals in the world by the Administrator. The Unique ID is a 10-digit code that includes numbers and letters. Here are the easy steps individual must follow to check their BCBS settlement status

  • Visit the official BCBS settlement portal.
  • Click on “Check online claim status”.
  • Enter the Unique ID or Claim Number, and check the status of your BCBS claim amount.

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