- Blue Cross Blue Shield will soon start sending out checks as part of a class action lawsuit settlement. The lawsuit claimed the insurer broke antitrust laws.
- The settlement impacts people covered under certain BCBS plans between 2008 and 2020.
- While the average payment is around $300, the insurer won’t send some checks at all.
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About six million people are about to get payments from Blue Cross Blue Shield after waiting more than two years. The health insurer will send notices of payment from a $2.67 billion class action lawsuit settlement from 2022 on a rolling basis.
The suit claimed more than 35 BCBS health insurance plans violated antitrust laws by agreeing not to compete with each other, limiting competition in the health insurance market.
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BCBS said the settlement is not an admission of wrongdoing, rather a way to “avoid the risk and cost of further litigation.”
Who’s getting a check?
The insurer will send payments to subscribers who were part of certain BCBS plans between February 2008 and October 2020 and filed a claim by Nov. 5, 2021.
Payment amounts vary based on how many valid claims a person filed, the premiums paid during that time period and whether a person’s insurance was fully insured or self-funded.
How much will they get?
After more than $600 million in attorneys fees were deducted from the settlement, the average check will be around $300.
Anyone whose payment would be $5 or less won’t be getting a check.
