Did you buy certain purchase or receive health insurance provided or administered by a Blue Cross Blue Shield (BCBS) company, If Yes, you may qualify for a Settlement Payment in a class action lawsuit.
What is The BCBS Settlement.
This settlement came from a class action antitrust lawsuit called In re: Blue Cross Blue Shield Antitrust Litigation MDL 2406, N.D. Ala. Master File No. 2:13-cv-20000-RDP (the “Settlement”), was reached on behalf of individuals and companies that purchased or received health insurance provided or administered by a Blue Cross Blue Shield company.
What is the Lawsuit All about
The lawsuit alleges that the BCBS plans had been accused of illegally entering into an agreement not to compete with each other and to restrict competition among themselves. As part of the settlement, the plans deny all allegations of wrongdoing.
Anyone who was enrolled in a Blue Cross Blue Shield individual or group insurance plan between Feb. 7, 2008 and Oct. 16, 2020 may be eligible for money. Those enrolled in a self-funded account between Sept. 1, 2015 and Oct. 16, 2020 also may be eligible. If approved by the Court, the Settlement will establish a $2.67 billion Settlement Fund. Settling Defendants will also agree to make changes in the way they do business that Plaintiffs believe will increase the opportunities for competition in the market for health insurance.
How to know if you are in the settlement class
The Settlement Class includes all were covered by certain Blue Cross Blue Shield health insurance or administrative services plans between February 2008 and October 2020, you may be a Class Member.
You may be eligible to receive payment if you are an Individual, Insured Group (and their employees) or Self–Funded Account (and their employees) that purchased or were enrolled in a Blue Cross or Blue Shield health insurance or administrative services plan during one of the two Settlement Class Periods. Government accounts are excluded from the Class. The Settlement Class Period for Individuals and Insured Groups is from February 7, 2008, through October 16, 2020. All Individuals, Insured Groups, and Self-Funded Accounts that purchased or were enrolled in a Blue Cross or Blue Shield health insurance or administrative services plan during the applicable Class Period will also benefit from the parts of the Settlement
The provisions of the Settlement
If approved by the Court, the Settlement will establish a $2.67 billion Settlement Fund. Settling Defendants will also agree to make changes in the way they do business that Plaintiffs believe will increase the opportunities for competition in the market for health insurance.
Conclusion
If you purchased or received health insurance provided or administered by a Blue Cross Blue Shield (BCBS) company you can file a claim . To receive a payment, you must have filed a claim by November 5, 2021.The Court in charge of this case still has to decide whether to approve the Settlement. Payments will be made if the Court approves the Settlement and after any appeals are resolved.
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