If you are waiting for your Blue Cross Blue Shield (BCBS) settlement payout, you probably know that the process has been delayed due to the lengthy appeals phase. The good news is that all appeals have now been resolved, meaning your payout is finally on the way. If necessary, you may need to update your details with the settlement administrator.
Class members who filed valid claim forms will receive their claim determination notices on a rolling basis. You can expect to receive your BCBS Settlement Payout soon in early 2025.
BCBS Settlement Payout Date 2025
The Blue Cross Blue Shield Settlement is related to an antitrust lawsuit, where BCBS was found to have restricted competition. Though BCBS did not admit wrongdoing, they agreed to pay $2.67 billion to affected class members.
The lawsuit was filed by individuals and businesses who purchased or received BCBS health insurance before October 16, 2020. Those who filed a claim by November 5, 2021, are eligible for a payout. The payout was delayed due to the appeals, but now that the appeals have been resolved, payouts will be issued soon.
How Much Will the BCBS Settlement Payout Be?
The total payout for the BCBS settlement is $2.67 billion. However, the amount you will receive depends on several factors like your insurance policy type, coverage period, and the validity of your claim.
After attorney fees and other costs, approximately $1.9 billion will be distributed among valid claimants. The payout will be divided into two main categories:
- $1.78 billion will be distributed to individuals, insured groups, and their employees.
- $120 million will go to self-funded accounts and their employees.
If your payout is $5 or less, you will not receive any money. The payout will be sent through your preferred method, either direct deposit or a physical check.
Who is Eligible for the BCBS Settlement Payout?
To be eligible for the payout, you must meet the following criteria:
- You must have purchased or received insurance from a BCBS company between February 7, 2008, and October 16, 2020.
- For self-funded accounts, the qualifying period is between September 1, 2015, and October 16, 2020.
- You must have filed a valid claim form by November 5, 2021.
If you meet these requirements, you are eligible for the payout.
How to Check the Status of Your BCBS Settlement Claim
Checking the status of your claim is simple. Just follow these steps:
- Visit the official BCBS settlement website at www.bcbssettlement.com.
- Check the section titled “I WOULD LIKE TO” on the website.
- From the drop-down menu, select “Check MY Claim Status.”
- Enter your Unique ID and Claim Number, then click “Submit.”
That’s it! You will be able to check your claim status in just a few seconds.
What to Do If You Have Not Received Your BCBS Settlement Payout
If you have not received your payout, the delay may be due to incorrect or missing information such as an address or phone number. You can update your details by contacting the settlement administrator:
- Phone: Call the helpline at (888) 681-1142.
- Email: Send an email to info@BCBSsettlement.com.
- Mail: Address your inquiries to:Blue Cross Blue Shield Settlement
c/o JND Legal Administration
PO Box 91390
Seattle, WA 98111
Final Thoughts
The Blue Cross Blue Shield settlement payout has been a long time coming, but it is finally almost here! With the appeals process now resolved, payouts will begin to roll out in early 2025. Keep an eye out for your payout and ensure your details are up to date to avoid any further delays.