is the blue cross blue shield settlement legit

Why is BCBS being sued?

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. Here’s what you should know:

Is the Blue Cross Blue Shield settlement legit?

Yes, the Blue Cross Blue Shield Settlement is legit, and some involved may have even received postcards in the mail notifying them of the lawsuit. WHAT IS A CLASS-ACTION LAWSUIT? Within a class-action lawsuit, one or more people or businesses sue on behalf of others who may have similar claims, otherwise known as "class members."

How much Blue Cross settlement?

– A $2.67 billion settlement to resolve antitrust charges against health insurer Blue Cross Blue Shield will result in payments to some consumers of Premera and Regence health plans in Washington. The settlement signed in U.S. District Court for the Northern District of Alabama affects the 36 Blue Cross Blue Shield insurers nationwide.

Does BCBS have a settlement?

The Blue Cross Blue Shield Class Action Settlement is not a scam. After eight years of litigation, the Blue Cross Blue Shield Association did not admit fault, but they agreed to a settlement to end litigation. In the settlement, BCBS agreed to make operational changes as well as to provide payment to members of the class involved in the case.

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.

Is BCBS settlement com legit?

Is the Settlement Legit? 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.

Is ClassAction org legitimate?

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.

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.

What is simply Bright settlement?

The settlement gives each user an opportunity to claim a $10 share of a $20 million settlement. That is, if there is enough money to go around. If too many users make a claim, all the money left over after administrative costs and, of course, the plaintiffs' attorneys' fees, will go to charity.

How do I verify a class action lawsuit?

The Open to Claims page lists open class-action suits and the deadlines you have to reach out to lawyers and law groups to get a check as part of the suit. To see the list, click the direct link here, or go to the Class-Action Database page and click the “Open To Claims” status.

How do I put myself in a class action lawsuit?

In most class actions, you need not do anything to join the lawsuit. Most class actions are opt-out lawsuits. This means that class members (those whose legal interests are represented by the suit) are automatically included in the lawsuit unless they choose to opt-out, or decline to participate, in the case.

Can you make money class action lawsuit?

How Is a Class Action Lawsuit Paid Out? If your class action lawsuit is successful, you will receive a portion of the settlement or court award. Plaintiffs are paid by a lump-sum payment or a structured settlement. Smaller payouts are usually dispersed as a single payment.

What is the class action guide?

If you received a class action notice in the mail, this simply means that your legal rights may be affected by a lawsuit that was recently filed or settled. Notices are sent to people whose rights could be affected by a class action.

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.

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 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 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.

What happens if you select the alternative option?

If you select the Alternative Option, you must submit relevant data or records showing a higher contribution percentage. Otherwise the Default Option will be used. Instructions for submitting your claim are on the claim form, available here. When required, sufficient documentation shall include an attestation signed under penalty of perjury when other documentation is no longer available.

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 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.

What happens if you select the alternative option?

If you select the Alternative Option, you must submit relevant data or records showing a higher contribution percentage. Otherwise the Default Option will be used. Instructions for submitting your claim are on the claim form, available here. When required, sufficient documentation shall include an attestation signed under penalty of perjury when other documentation is no longer available.

How much does a body scan cost?

Companies like Klarismo offer whole body scans for about $250.

Is the BCBS settlement legit?

Yes, I have received some kind of notice about Blue Cross Blue Shield Settlement (BC BS settlement) with the link to the website bcbc settlement dot com. It's a legit website because this website is registered by JND legal administration which is the legal class action administrator of this case.

Can scammers create fake websites?

However, it is possible that scammers could create a fake website and trap you by sending some weird letter with the link to another website then it might be a phishing attempt. So you should be very careful and check if it's an official website that you put in your browser.

Is BCBS a good health insurance company?

Historically BCBS has been an excellent health insurance company as a provider within the federal health insurance plans, my sole user experience.

How much is the Blue Cross settlement?

If you purchased or were enrolled in a Blue Cross or Blue Shield health insurance or administrative services plan between 2008 and 2020, a $2.67 billion Settlement may affect your rights.

Is the class action lawsuit legitimate?

It's legitimate. Just a class action lawsuit.

Can you sue yourself in a class action lawsuit?

Generally with class action lawsuits youre waiving your right to sue them yourself.

How many members of large, geographically dispersed, self-funded national Employers are eligible for the second blue?

The Second Blue Bid provision of the Settlement Agreement was designed to enable 33 million Members of large, geographically dispersed, self-funded national Employers to have the opportunity to receive a Second Blue Bid.

Why is the Court approving the settlement notice?

The Court authorized the Notice because Class Members have a right to know about the proposed Settlement of certain claims against Settling Defendants in this class action lawsuit and about Class Members' options before the Court decides whether to approve the Settlement. If the Court approves the Settlement, and after objections ...

What is a class action lawsuit?

In a class action lawsuit, one or more people or businesses called class representatives sue on behalf of others who have similar claims. All of the people or businesses who have similar claims together are a “class” or “class members” if the class is certified by the Court. Individual class members do not have to file a lawsuit to participate in ...

Is Blue Cross Blue Shield a class member?

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 Court certified two Settlement Classes in this case, a Damages Class and an Injunctive Relief Class. You may be included in both Settlement Classes.

Can you sue a settlement defendant?

This means that you cannot sue, continue to sue, or be part of any other lawsuit against Settling Defendants that makes claims based on the facts and legal theories involved in this case or any of the business practices the Settling Defendants adopt pursuant to the Settlement Agreement.

Did the court decide in favor of the plaintiffs or settlement defendants?

The Court did not decide in favor of the Plaintiffs or Settling Defendants. Instead, both sides have agreed to the Settlement. Both sides want to avoid the risk and cost of further litigation. The Plaintiffs and their attorneys think the Settlement is best for the Settlement Classes. 5.

Do you have to file a lawsuit to join a class action?

Individual class members do not have to file a lawsuit to participate in the class action settlement or be bound by the judgment in the class action. One court resolves the issues for everyone in the class, except for those who exclude themselves from the class. 4. Why is there a Settlement?

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 file…

See more on classaction.org

Who Is Covered by The Settlement?

How Do I File A Claim?

Where Can I Find More Information?