For its part, Premera admits no wrongdoing, but has agreed to pay $74 million to settle the class action allegations. Under the terms of the settlement, Premera will pay $32 million to Class Members who can claim free credit monitoring services and a $50 default payment. Class Members in California are entitled to an additional $50 payment.
What does the Blue Cross Blue Shield settlement mean for Premera?
OLYMPIA, Wash. – 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.
How much did Premera pay to settle the lawsuit?
The court-approved settlement called for Premera to pay $74 million, which includes attorney fees. Stephens said the judge reviewed and approved the documented attorney fees that came to about $14 million, roughly 19 percent of the total settlement.
Is the Premera Blue Cross postcard a scam?
It's not junk mail and it's not a scam. The postcards were recently mailed to roughly 11 million people because hackers got access to their information in the Premera Blue Cross computer network. The postcard is essentially a legal document for compensation.
What does a Premera settlement administrator post card mean?
Stephens says if you received a post card from the Premera Settlement Administrator, don't be put off by all the fine print and legalese. It just means your information was compromised and now you can file a claim.
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What is the Premera Blue Cross settlement?
The settlement will include a total settlementpayment by Premera of$3,500,000. To receive a share of the settlement payment, you must not exclude yourself from the Settlement.
Is premera part of Blue Cross Blue Shield settlement?
In October 2020, Premera Blue Cross was part of a national class action settlement in a case brought by Blue Cross Blue Shield (BCBS) subscribers related to licensing agreements within the Blue Cross and Blue Shield System.
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 ...
How much did Premera pay in the settlement?
The court-approved settlement called for Premera to pay $74 million, which includes attorney fees. Stephens said the judge reviewed and approved the documented attorney fees that came to about $14 million, roughly 19 percent of the total settlement.
How much was the compensation check for Premera Blue Cross?
Compensation checks for millions of dollars are in the mail this week to help resolve a years-old data breach case against Premera Blue Cross, which agreed to a $74 million financial payout in order to settle the case.
How much did the Premera Blue Cross get paid for hacked?
As part of the class action lawsuit settlement approved last year, some 11 million patients had the option to get a payment of up to $50 because their medical files were compromised when the Premera Blue Cross computer network was hacked in May 2014.
3 Bureau Credit Monitoring
Three bureau credit monitoring providing notice of certain changes to the Participating Settlement Class Member’s credit profile, including 2 Bureau Inquiry Alerts;
Authentication Alerts
Authentication Alerts when someone attempts to make a change to the Participating Settlement Class Member’s personal account information within the covered network;
High-Risk Transaction Alerts
High Risk Transaction Alerts provide notice of high-risk transactions including but not limited to account takeovers, wire transfers, tax refunds, payday loan applications, and cell service applications;
Dark Web Monitoring
Dark Web Monitoring that will provide notification if the Participating Settlement Class Member’s information such as Social Security number, credit card numbers, financial account numbers, and health insurance number are found on the Dark Web;
PC Protection Tools
Safe browsing software for PC & Mac to help protect the Participating Settlement Class Member’s computer against malicious content with an add-on for Safari, Chrome, and Firefox web browsers that delivers proactive malware protection by blocking various malware delivery channels including phishing, malvertisements, and Flash (the extension also blocks content and tracking cookies to help protect personal information)..
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Identity Guard brings more than 22 years’ experience helping protect consumers like you from identity theft. We are recognized experts in helping prevent and resolve identity theft and fraud cases, having served more than 47 million people.
How much did the Blue Cross Blue Shield settlement cost?
OLYMPIA, Wash. – 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.
What states are covered by the Blue Cross Blue Shield settlement?
The settlement signed in U.S. District Court for the Northern District of Alabama affects the 36 Blue Cross Blue Shield insurers nationwide. In Washington, this includes Premera Blue Cross, Regence BlueShield, Regence BlueShield of Oregon, and Regence BlueShield of Idaho, Inc.
Who is the Commissioner of Insurance for Blue Cross Blue Shield?
But Insurance Commissioner Mike Kreidler said the greater benefit will be increased competition among health insurers, especially those in other states that historically have had fewer choices in markets dominated by Blue Cross Blue Shield companies.
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