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Blue Cross Blue Shield Subscribers Settlement

Published · Updated · SettlementList

Blue Cross Blue Shield Association settled allegations that the Settling Defendants violated antitrust laws by entering into an agreement not to compete with each other and to limit competition among themselves in selling health insurance and administrative services for health insurance. Blue Cross Blue Shield Association denies any wrongdoing and the court made no finding of liability.

A settlement of the antitrust class action In re: Blue Cross Blue Shield Antitrust Litigation MDL 2406, reached on October 16, 2020 on behalf of individuals and companies that purchased or received health insurance provided or administered by a Blue Cross Blue Shield company. The claim filing deadline of November 5, 2021 has passed, and the settlement website states the initial distribution of payments to Damages Class Members with valid claims will be sent starting May 11, 2026. The settlement website states the Settlement will establish a $2.67 billion Settlement Fund.

Who can claim, how much, and by when

How much can you get?

a pro rata share of a $1.9 billion net fundTotal fund: $2.67 billion

When is the claim deadline?

Who is eligible?

If you were covered by certain Blue Cross Blue Shield health insurance or administrative services plans between February 2008 and October 2020, you may be a Class Member. The Settlement Class Period for Individuals and Insured Groups is from February 7, 2008, through October 16, 2020. The Settlement Class Period for Self-Funded Accounts is from September 1, 2015 through October 16, 2020. Government accounts are excluded from the Class. Dependents, beneficiaries (including minors), and non-employees are NOT eligible to receive payment.

How do you get paid?

Class Members who submit valid claims may receive a cash payment from the Net Settlement Fund. The Net Settlement Fund is estimated to be approximately $1.9 billion. A $1.78 billion fund will be created for Individuals, Insured Groups, and their employees. A $120 million fund will be created for Self-Funded Accounts and their employees. If the total payment for any claimant is equal to or less than $5.00, no payment will be made to the claimant.

Who is administering the settlement?

JND Legal Administration

Can you still claim?

See the official settlement site

This information is not a substitute for legal advice.

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