Is the Blue Cross Blue Shield settlement legit?
Yes, the Blue Cross Blue Shield Settlement Is Legit Snopes readers have reported receiving postcards in the mail alerting them to the settlement.
What happens if you get scammed by Blue Cross Blue Shield?
Fraudulent debts in your name could take time to reverse and negatively affect your credit score, hurting your ability to get loans in the future. With the product fraud scam, callers are trying to get your Blue Cross Blue Shield contract number in an effort to get reimbursed from your insurance for a product that may not be effective.
Why do I keep getting calls about Blue Cross Blue Shield?
With the product fraud scam, callers are trying to get your Blue Cross Blue Shield contract number in an effort to get reimbursed from your insurance for a product that may not be effective. They will even have a doctor sign off on prescriptions for you, even though he’s never met you.
What is the Blue Cross Blue Shield case?
Filed in February 2012, the case alleged Blue Cross Blue Shield health plans divided up insurance markets across the country and agreed not to compete with one another across those markets.
How much should I expect from BCBS settlement?
The exact number of claims was not available on the website but if, say, 1.5 million people filed valid claims, then the average payment would be $12.66. If 150,000 people filed claims, then the average payment would be $126.60.
What is the BCBS settlement about?
The lawsuit claims that Blue Cross violated antitrust laws by reducing competition in their areas, allowing for higher rates on some plans. However, Blue Cross denies allegations of wrongdoing, claiming its actions resulted in lower health care costs and greater access to customers and has agreed to a settlement.
Is the BCBS lawsuit legit?
Yes, it's real. But, what does that actually mean? BCBS companies sued the BCBS Association for violating antitrust laws. The association denies all claims.
When can I expect my Facebook settlement check?
When will your settlement check arrive? Facebook class action update: “The Settlement Administrator began sending settlement payments to class members on May 9, 2022. It will take about two weeks to finish mailing the checks and processing the electronic payments.
What does it mean when a settlement is in review?
Settlement Review means the evaluation by the Settlement Facility, under Basic Review or Comprehensive Review, of each Unresolved Asbestos Claim or Post-Confirmation Asbestos Liability submitted to the Settlement Facility under the processes and procedures established by the CRP to determine whether a Settlement Offer ...
Did Blue Cross have a settlement with Memorial Hermann?
Memorial Hermann hospital at the Texas Medical Center on July 24, 2019. The Memorial Hermann health system and Blue Cross Blue Shield of Texas on Friday announced that the two parties have reached a contract agreement, allowing nearly 200,000 patients to continue care at Memorial Hermann hospitals.
Is ClassAction org legit?
ClassAction.org is a group of online professionals who are committed to exposing corporate wrongdoing and giving consumers the tools they need to fight back. We've been reporting on the legal space for nearly a decade and have built relationships with class action and mass tort attorneys across the country.
Is Jnd legal administration legit?
JND is well-known throughout the legal industry for providing the most responsive, trustworthy, and comprehensive legal administrative service in the country.
What is the Blue Cross Blue Shield case?
The case was filed by a group of individuals and companies who purchased or received health insurance from a Blue Cross Blue Shield company and claim that the defendants—Blue Cross Blue Shield Association and a slew of individual Blue plans—agreed not to compete with each other in selling health insurance and administrative services. According to the lawsuit, the defendants’ alleged anticompetitive conduct caused subscribers and enrollees to pay more for insurance or administrative services than they otherwise would have paid.
How Much Can I Get from the Settlement?
Those who submit valid claims are eligible to receive a cash payment from the approximately $1.9 billion net settlement fund. The amount of the payment will depend on, among other factors, the amount of premiums or administrative fees you paid and the number of valid claims that are filed.
Who Is Covered by the Settlement?
The settlement covers individuals and insured groups (and their employees) who purchased or were enrolled in a Blue Cross or Blue Shield health insurance or administrative services plan between February 7, 2008 and October 16, 2020.
How much is the net settlement fund?
Those who submit valid claims are eligible to receive a cash payment from the approximately $1.9 billion net settlement fund. The amount of the payment will depend on, among other factors, the amount of premiums or administrative fees you paid and the number of valid claims that are filed.
Is the Blue Cross Blue Shield settlement a scam?
First off, the settlement is not a scam. It’s the result of a class action antitrust lawsuit called In re: Blue Cross Blue Shield Antitrust Litigation MDL 2406 and you can find the court-approved website for it here.
What is the proposed settlement for Blue Cross Blue Shield?
The proposed settlement resolves claims that Blue Cross Blue Shield companies conspired to limit competition, in turn boosting costs for policyholders.
How long does it take to fill out a claim form?
Filling out the claim form takes only a few minutes. You will need your insurance subscriber information.
How much is the Blue Cross Blue Shield settlement?
A $2.67 billion settlement was reached on Oct. 16, 2020. According to the Blue Cross Blue Shield Settlement Website, “The Court has not decided who is right or wrong. Instead, Plaintiffs and Settling Defendants have agreed to a Settlement to avoid the risk and cost of further litigation.”.
What was the settlement agreement for Blue Cross Blue Shield?
The settlement agreement includes changes to the Blue Cross business model designed to enhance the market for health insurance, including eliminating a cap on revenue that BCBS affiliates could earn selling other health insurance plans.
How many options are there for a class action lawsuit?
Members of the class covered in the lawsuit have four options. They can file a claim as part of the settlement, opt out of the settlement and maintain the ability to file a separate lawsuit, object to the settlement in a letter to the court or do nothing and receive no payment. Those who wish to object must postmark their letters by July 28, 2021.
Is Snopes a scam?
Snopes readers have reported receiving postcards in the mail alerting them to the settlement. In 2021, Snopes readers reported receiving postcards in the mail alerting them to a settlement agreement regarding Blue Cross Blue Shield insurance, with many wondering whether the postcards were to be believed or if it was a scam.
What is a settlement with Blue Cross Blue Shield?
Class Representatives (“Plaintiffs”) reached a Settlement on October 16, 2020 with the Blue Cross Blue Shield Association (“BCBSA”) and Settling Individual Blue Plans. BCBSA and Settling Individual Blue Plans are called “Settling Defendants.”. Plaintiffs allege that Settling Defendants violated antitrust laws by entering into an agreement not ...
What is this Settlement about?
This settlement, arising from a class action antitrust lawsuit called In re: Blue Cross Blue Shield Antitrust Litigation MDL 2406, N.D. Ala. Master File No. 2:13-cv-20000-RDP (the “Settlement”), was reached on behalf of individuals and companies that purchased or received health insurance provided or administered by a Blue Cross Blue Shield company. Class Representatives (“Plaintiffs”) reached a Settlement on October 16, 2020 with the Blue Cross Blue Shield Association (“BCBSA”) and Settling Individual Blue Plans. BCBSA and Settling Individual Blue Plans are called “Settling Defendants.”
How did settlement defendants violate antitrust laws?
Plaintiffs allege that 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. Settling Defendants deny all allegations of wrongdoing and assert that their conduct results in lower healthcare costs and greater access to care for their customers. The Court has not decided who is right or wrong. Instead, Plaintiffs and Settling Defendants have agreed to a Settlement to avoid the risk and cost of further litigation.
Who decides whether to approve a settlement?
The Court in charge of this case still has to decide whether to approve the Settlement. Payments will be made if the Court approves the Settlement and after any appeals are resolved. Please be patient.
How do I participate in the Settlement?
To make a claim and receive a payment, you must file a claim form online or by mail postmarked by November 5, 2021. Claims may be submitted online or by mail to:
How to file Bcbssettlement.com Claim?
The easiest way to file the claim is to use the online portal of Bcbssettlement.com. Everything related to the form is self-explanatory and if you are an average internet user, then you won’t face any problem. On the other hand, even the interface is neat and user-friendly.
What to do if you have any doubts about authenticity?
If you have any doubt about the authenticity, then always dial up the support team and they will help you make the right choice. We have covered all of the important aspects regarding this lawsuit in this post. By any chance, if there is still anything bothering you, then leave a comment below and we will do our best to assist you.
Who decides the final compensation amount?
Once all the details are put in, the claims administrator will process the data and decide the final compensation amount. The process on their end is something you do not have to worry about. Nonetheless, make sure that you carefully read the agreement and if you do not agree with any clause, then talk with your attorney.
Is a lawsuit complicated?
Lawsuits are always complicated. You might be interested in contacting the underlying party independently to discuss your take or you might have a dilemma about a particular policy or a clause.
Can you confront someone who receives compensation?
Also, any entity that receive s the compensation gives up the right to confront them legally in this regard. If you are someone that should get a compensation from them, then continue reading to know about the eligibility criteria, documentation and other relevant things necessary to get the funds.
How to call Blue Cross Blue Shield?
Call the insurer directly. If you’re slightly uncomfortable with the questions the caller is asking, you can hang up and continue the call by dia ling the insurer directly. On the back of your Blue Cross Blue Shield card is the company phone number. Some states even have a fraud number on the card. Don’t dial any numbers given to you by the caller.
How to stop scammers from calling you?
End the phone call. If you do get one of these calls or you’re ever unsure of who’s on the phone, “just hang up,” said Crowell. It’s the quickest way to end contact with these silver-tongued scammers. Otherwise, their sly skills just might keep you on the line, and that’s when the problems begin.
How to file a complaint against a state?
Contact Your Attorney General. You can often file a complaint online through your state’s Attorney General website.
What to do if you feel you've become a victim?
File a police report . If you feel you’ve become a victim, let law enforcement know.
Is healthcare a scam?
Healthcare is low-hanging fruit for many scammers. In addition to being on the hook for out-of-pocket expenses or having your credit scammed, The National Health Care Anti-Fraud Association (NHCAA) estimates that healthcare fraud can cause financial losses in the tens of billions of dollars each year, which “inevitably translates into higher premiums and out-of-pocket expenses for consumers, as well as reduced benefits or coverage.”
Can you give your zip code to Blue Cross Blue Shield?
Protect your information. Make it a rule to never give your personal information over the phone or over email. “Blue Cross Blue Shield would never call our members up and ask for their personal information,” said Crowell. They might ask you for your zip code, but they’re not going to ask you for your member number or Social Security number.
Is Crowell a scammer?
Currently, Crowell is investigating scammer calls peddling topical creams. “It’s usually for a pain cream or a scar cream,” said Crowell. “After they get your approval, you will receive one of these creams in the mail with the prescription. The scammers will usually ask if you want automated prescription refills.
What is a settlement with Blue Cross Blue Shield?
Class Representatives (“Plaintiffs”) reached a Settlement on October 16, 2020 with the Blue Cross Blue Shield Association (“BCBSA”) and Settling Individual Blue Plans. BCBSA and Settling Individual Blue Plans are called “Settling Defendants.”. Plaintiffs allege that Settling Defendants violated antitrust laws by entering into an agreement not ...
What is this Settlement about?
This settlement, arising from a class action antitrust lawsuit called In re: Blue Cross Blue Shield Antitrust Litigation MDL 2406, N.D. Ala. Master File No. 2:13-cv-20000-RDP (the “Settlement”), was reached on behalf of individuals and companies that purchased or received health insurance provided or administered by a Blue Cross Blue Shield company. Class Representatives (“Plaintiffs”) reached a Settlement on October 16, 2020 with the Blue Cross Blue Shield Association (“BCBSA”) and Settling Individual Blue Plans. BCBSA and Settling Individual Blue Plans are called “Settling Defendants.”
How did settlement defendants violate antitrust laws?
Plaintiffs allege that 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. Settling Defendants deny all allegations of wrongdoing and assert that their conduct results in lower healthcare costs and greater access to care for their customers. The Court has not decided who is right or wrong. Instead, Plaintiffs and Settling Defendants have agreed to a Settlement to avoid the risk and cost of further litigation.
How do I participate in the Settlement?
To receive a payment, you must have filed a claim by November 5, 2021.
Is The Settlement Legit?
How Much Can I Get from The Settlement?
- Those who submit valid claims are eligible to receive a cash payment from the approximately $1.9 billion net settlement fund. The amount of the payment will depend on, among other factors, the amount of premiums or administrative fees you paid and the number of valid claims that are filed. Payments will not be sent out until the settlement receives final approval and any appeals are re…
Who Is Covered by The Settlement?
- The settlement covers individuals and insured groups (and their employees) who purchased or were enrolled in a Blue Cross or Blue Shield health insurance or administrative services plan between February 7, 2008 and October 16, 2020. The settlement also covers self-funded accounts (and their employees) who purchased or were enrolled in a Blue Cross or Blue Shield health insu…
How Do I File A Claim?
- The easiest way to file a claim is to use the online portal on the settlement website, found here. You’ll need your unique ID from the email or postcard you received. (If you don’t have a unique ID, you can still file a claim using the same portal.) You can also download a copy of the claim form, found here, and mail it to the below address: All claim forms must be submitted online or postm…
Where Can I Find More Information?
- For more information, check out the settlement website, particularly the FAQ section. If you still can’t find what you’re looking for, you can reach out to the settlement administrator at [email protected] or call toll-free at (888) 681-1142. If you’re interested in getting class action news and updates, including information about settlements, sent straight to your inbox, si…