Blue Cross Blue Shield Settlement Payout Release Date is February 2024. All the people who Claim For BCBS Settlement can check the BCBS Settlement Payout Status and know when will be Blue Cross Blue Shield Settlement Payout Amount Released. Also, check the BCBS Settlement Payout Per Person Payment and BCBS Settlement Benefits Complete information from the post below.
BCBS Settlement Payout Date
After the long court trials on the Class Action Lawsuit against BCBSA now the Settlement Payout will be released soon. Applicants can check the Blue Cross Blue Shield Settlement Payout Date and BCBS Settlement Amount updates from the post below.
BCBSA and Blue Plans Settlement Compensation Amount of $2.67 billion as per the Settlement Fund will be out soon. Check the Blue Cross Blue Shield Settlement Payout Eligibility and BCBS Settlement Benefits complete information from here.
All the BCBS and Blue Plans Companies who get Class Action Lawsuit for more than 35 Blue Cross Blue Shield Health Insurance Plans and Violated Antitrust Law have to pay the Claims to filers as per Oder of the Court.
Blue Cross Blue Shield Settlement Payout Release Date
There are Two Main Settlement Periods, the first settlement period for Insured Groups/Individuals is from 7th February 2008 to 16th October 2020. The second settlement period for Self-Funded Accounts covers the Period from 1st September 2015 to 16th October 2020.
Check out the Blue Cross Blue Shield Settlement Payout Dates from the table given below.
|Starting of Class-Action Lawsuit
|16 October 2020
|11th U.S. Circuit Court of Appeals
|25 October 2021
|Deadline For Claiming
|U.S. Supreme Court Additional Deadline
|First Quarter of 2024
|Payout Release Date
BCBS Settlement Payout Per Person Payment
After the Final Hearing by the US Supreme Court on the Class-Action Lawsuit Sued against the BCBS and Blue Plans Companies. The BCBS Settlement Fund of $2.67 billion as a whole Amount.
As per reports, the BCBS Settlement Payout Per Person Payment Amount will be $333 to $350. However, the Compensation Amount in the BCBS Settlement will also based on individual payout and total number of claimants. Check out more information on Blue Cross Blue Shield Settlement Payout from here.
Blue Cross Blue Shield Settlement Payout Eligibility
All those who have purchased or were enrolled in Blue Cross or Blue Shield health insurance or administrative services plan as an Individual, Insured Group1 (and their employees) or Self-Funded Account are eligible but they must fall in the Settlement Class Period.
There are two BCBS Settlement Time Periods, the first is for Individuals and Insured Groups from 7th February 2008 to 16 October 2020. The 2nd is the Settlement Class Period for Self-Funded Accounts from 1 September 2015 to 16 October 2020.
In other terms, we can say that all the people who are covered by a certain Blue Cross Blue Shield health insurance or administrative services plans between February 2008 and October 2020 are eligible.
Steps To Claim BCBS Settlement Status
This is very clear that the Deadline to file a BCBS Settlement Claim was 5th November 2021. And many of the applicants ask How to check the Claim BCBS Settlement Status. These Applicants can check the Blue Cross Blue Shield Settlement Payout Status by following the steps listed below.
- Visit the BCBS Settlement Official Website i.e. https://www.bcbssettlement.com/.
- Here Click on the “Check Online Claim Status” Option.
- Now on the fresh page Claim BCBS Settlement Status.
- Enter your Unique ID or Claim Number.
- Click on Submit.
- On the Screen, One checks the Claim BCBS Settlement Status.
BCBS Settlement Benefits
Well, this is very clear that Cash Payment as the BCBS Settlement Payout Benefit will be provided. The Net Settlement Fund is estimated to be approximately $1.9 billion. Earlier it was a $2.67 billion Settlement Fund, after the deduction of the administration expenses and other costs, it will be $1.9 billion.
F0r More information regarding claim payments is available in the proposed plan of distribution, read out question 8 of the Long Form Notice and Section D of the Settlement Agreement.
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