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BlueCross BlueShield Settles Suit for $2.67 Billion

BCBS Settles Suit for $2.67 Billion

As you may have heard, for the past eight years, BlueCross BlueShield has been involved in a legal dispute challenging their licensing agreements.  After eight years of litigation, BCBS has not admitted fault, but they have agreed to a settlement to end the litigation.  In the settlement, BCBS agreed to a settlement of approximately $2.67 billion to members of the class involved in the case.

For detailed information (who is eligible, how to file a claim, etc.), please visit www.bcbssettlement.com.  The Benefit Company cannot assist with the filing of a claim.

Potential members of the class would include:

  • An individual subscriber who purchased health insurance directly from a Blue Cross/Blue Shield company between February 7, 2008 – October 16, 2020.
  • A fully-insured group account (including enrolled employees, but not their dependents) of a Blue Cross/Blue Shield company between February 7, 2008 – October 16, 2020.
  • A self-funded group account (including enrolled employees, but not their dependents) of a Blue Cross Company between September 1, 2015 – October 16, 2020.

If you or any of your employees have received an email or postcard, they must have been insured and paid premiums to a BCBS plan at some point since 2008 and may be eligible to be a part of the Class Action settlement.

If notification is received, your options are:

  • Do nothing – no payment would be received and you give up your rights to further litigation with regard to the case
  • Object or Attend the scheduled hearing
  • Ask to be excluded – You would not receive payment but you would keep your right to sue if you wanted to do so on your own
  • File a claim – you would give up all rights to sue and be bound by the settlement

For additional information or to file a claim, please visit  www.bcbssettlement.com.  You will have until November 5, 2021 to file such a claim.

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Consult with your own attorney, physician, or financial advisor before taking any action.

This information is provided for educational purposes only.

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