Blue Cross Blue Shield (BCBS) plans to distribute funds from a $2.67 billion class action settlement stemming from a 2013 antitrust lawsuit.
According to the lawsuit, approximately 35 BCBS plans violated antitrust laws by dividing geographic markets and limiting competition.
The plaintiffs claimed this divided geographic markets and limited competition, leading to higher premiums and fewer coverage options.
BCBS denied all of these allegations and agreed to settle without admitting liability.
No verdict has been reached in this case.
Who is eligible?
Individuals and businesses who filed a claim before November 5, 2021 are eligible. The regulation covers two main groups:
- The settlement covers insurance from February 7, 2008 to October 16, 2020, and self-funded administrative services plans only from September 1, 2015 to October 16, 2020.
- Self-funded account customers with administrative services plans only from September 1, 2015 to October 16, 2020
Those who did not submit a claim by the 2021 deadline are not eligible, even if they had eligible coverage.
How do I file a BCBS claim?
To file a complaint, visit the official website and submit the online complaint form. Enter your policy number, coverage dates and premium amount details. To obtain paper forms, contact us at 888-681-1142.
How much will the payments be?
The total settlement fund is $2.67 billion. However, only $1.9 billion remains to be distributed after deducting attorney fees, administrative fees and other costs.
Around six million claims have been filed so far. Distributed evenly, that’s about 300 to 333 per applicant. However, this varies depending on factors such as the length of coverage and the premiums paid.
