The Benefit Company
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.
——————————
Consult with your own attorney, physician, or financial advisor before taking any action.
This information is provided for educational purposes only.