The Blue Cross Blue Shield payout is delayed due to the longer appeal phase but now as per official website updates, all appeals have been resolved. It means your payout is on the way and you have to update your details with a settlement administered if needed.
Class members who have submitted a claim form with accurate and valid details will receive Claim determination notice on a rolling basis. Class members can check the status of their claims through given steps and expect to receive their payouts soon in early 2025.
Blue Cross Blue Shield Settlement Payout Date
Blue Cross Blue Shield Settlement is about the violation of antitrust laws in which the company was involved into an agreement not to compete with each other and limit competition among themselves. Despite admitting any wrongdoing, plaintiffs and settling defendants have agreed to pay $2.67 billion among class members.
This lawsuit was raised by the people and businesses who bought or received BCBS health insurance on 16 October 2020 and those who have filed claim forms by the deadline of 5 November 2021 are eligible to receive payout of this settlement. Class members are waiting for the payout of this settlement which is delayed to the longer appeals.
BCBS settlement was approved by court on 9 August 2022 and the Eleventh Circuit Court of Appeals rejected an appeal of its 25 October 2023 ruling upholding the settlement agreement approval on 26 January 2024. An appeal of the Eleventh Circuit Court of Appeals ruling upholding the settlement agreement approval was dismissed by the Supreme Court of the United States.
How much will Blue Cross Blue Shield Settlement Payout be?
The total payout of Blue Cross Blue Shield Settlement is $2.67 billion and the exact per person payout can be based on various factors including insurance policy type, coverage period and valid claims.
After the deductions of attorneys’ fees, administration expenses and other costs from the $2.67 billion settlement fund, approximately $1.9 billion will be distributed among valid claimants.
The total settlement fund will be split in both damage class members of fully insured or self-funded groups, the settlement amount of $1.78 billion will be distributed among Individuals, Insured Groups, and their employees while Self-Funded Accounts and their employees will receive a portion of 120 million fund.
No payout will be issued if the claimants portion is equal or lower to $5. Your payout will come in your preferred way which can be either direct deposit or physical check. Class members who have preferred mail method for delivery of their payout must show patience because due to the delivery time requirement, it takes longer.
Who is entitled to receive Blue Cross Blue Shield Settlement Payout?
The qualifying criteria is crucial to know if you have filed a claim form for this settlement and are waiting for payout.
- Those who are meeting the criteria of purchased or received insurance from the Blue Cross Blue Shield companies during class period, will qualify for the payout.
- If individuals were covered by the BCBS insurance or administrative services plans during 7 February 2008 to 16 October 2020 then they are considered eligible for payout. While the class period duration for self funded accounts is between 1 September 2015 to 16 October 2020.
- Those who have filed valid claim forms by the deadline of 5 November 2021 and those who have not excluded themselves from the settlement class are eligible to receive payout of BCBS settlement.
How can you check the status of Blue Cross Blue Shield Settlement Claim?
The status tracking of Blue Cross Blue Shield Settlement is too easy to do with the following steps.
- Individuals have to go to the official website firstly which is accessible through the link https://www.bcbssettlement.com/.
- After that, find an option from the menu bar which says “I WOULD LIKE TO”.
- After that, you have to choose “Check MY Claim Status”.
- At this stage, you have to provide your Unique ID and Claim number and to check status in a few seconds click “submit”.
What should I do if I have not received Blue Cross Blue Shield Settlement Payout?
There can be various reasons behind the delay of your BCBS settlement payout including wrong or missing information of your mailing address, phone number, supporting documents, email, etc. you can up-to-date these details to avoid more delays and these updates happen with the settlement administrator through contacting in one of three ways.
- Telephone: (888) 681-1142
- Email: [email protected]
- Mail:
- Blue Cross Blue Shield Settlement
- c/o JND Legal Administration
- PO Box 91390
- Seattle, WA 98111
These contact details also help you to find out the status of your payout and delay reason. This delay can occur due to the chosen delivery method or some banking technical delays so be patience. a