The Blue Cross Blue Shield subscriber settlement appeals were resolved, and now the claimants are waiting for the payout from the $2.67 billion settlement fund. If you are one of the claimants, you can find the full details about the payout date and other information here.
The antitrust lawsuit was filed against Blue Cross Blue Shield Association, alleging that the defendants had agreed not to compete with each other in selling healthcare insurance and other services related to health insurance. These practices created problems for consumers and violated the antitrust laws.
The plaintiffs and BCBSA agreed to settle the lawsuit, and the class members were asked to file the claim by 05 November 2021. But appeals were filed against the court’s decision on approval of the settlement, which delayed the payout up to $333.
When can you expect the Blue Cross Blue Shield Subscribers Settlement Payment?
With the BCBS subscriber settlement appeals resolved, the settlement administrator has begun reviewing the claims and has started sending the claim determination notice via email or postcard to the approved claimants.
The administration has not determined the payment sending date, as they are reviewing the claim, and it will not be distributed until all the claims are verified and reviewed. The process can take time; however, the settlement administrator will update the payment date of distribution on the official website.
The claim determination notice will be sent to you, so all the claimants who have filed a valid claim should wait for the notice and check their email or mail frequently.
How much will you receive under the BCBS subscriber settlement?
Based on the BCBS settlement agreement, the cash payment to the claimants with approved claims will be sent from the $1.9 billion net settlement fund, which is determined when the administrator processes the administrative expenses, service awards, and attorney fees and costs from the $2.67 billion fund.
The payment amount is not determined yet as it will depend on various factors, number of claims filed, premiums or administrative fees you paid, and others. However, based on the report and estimation, the claimants can receive around $333 from the settlement.
The valid claimant can know about the payment through the claim determination notice, as it will have the link, where you can check your total administrative fees paid and premiums paid. So, you can estimate your payment from the notice as well, but if your payout is less than or equal to $5, there will be no payment for you.
How to check your BCBS subscriber settlement claim status?
If you are wondering whether your BCBS settlement claim was approved or not, or what the status of your claim is, you can check it online in the final steps:
- Go to the official website of BCBS subscriber settlement at https://www.bcbssettlement.com/
- Now, in the menu section, click the “I would Like to” and select the claim status option.
- Next, enter your claim number or unique ID and click the submit button.
- Once you submit the Unique ID or claim number, your BCBS subscriber settlement claim status will appear on your screen.
If you can’t reach out to the claim administrator through the online inquiry option, you can contact the administrator by calling (888) 681-1142 or writing an email to [email protected].
What will be the payment method for the BCBS settlement?
The settlement administrator will send the payment to the approved claimant through the payment method they have selected in the claim form, such as PayPal, Check, prepaid card, or Venmo.
The claimants who have selected the electronic payment method will receive the payout early. If you wish to change your payment method to the electronic payment method (prepaid card), you can request it by selecting it as your payment method via the link you received in the claim determination notice.
The notice also includes the premium and administration fees you paid; however, if you disagree with the mentioned payment, you can file a dispute over it with proper documentation supporting your claim on the link mentioned in the notice.
The BCBS Subscriber settlement payment will be distributed soon, as the claim review has begun. Some claimants can receive the settlement payout by the end of 2025 or in early 2026; however, we advise you to check the official settlement website quickly or stay tuned for the latest updates on the payment date.
Disclaimer: Blue Cross Blue Shield Association subscribers settlement payment details are for informational use only. Check the official settlement website for full eligibility and distribution information.
