Whats 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.
How to find Unique ID for BCBS settlement?
19. How do I find my Unique ID? If you received a postcard or email notice from the Claims Administrator, your Unique ID was provided to you. If you received a postcard notice, your Unique ID is on the upper left corner of the inside of your postcard.
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 ...
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 a settlement claim ID?
What is it? A unique settlement ID number is exactly what it sounds like: it's a number that a class action settlement administrator uses to identify who each claim belongs to.
How much are the Facebook settlement checks?
Barring any further appeals, $397 settlement checks will go out within the next 60 days to nearly 1.6 million users in Illinois who submitted claims.
How can I check on my Facebook settlement check?
According to the settlement website FAQ, it will take two weeks to finish mailing the checks and processing electronic payments. If you're unsure about your part in the settlement, you can call the Settlement Administrator at 1-844-799-2417.
How do I see my Facebook payouts?
To find Payouts from your Facebook Page on a desktop computer:Click the drop-down icon at the top right corner of your Facebook Page. Select Settings & Privacy, then Settings.In the side navigation, click Payouts.Click on the Payout Account ID drop-down, and select the account you want to view or update.
How long does it take to receive money from a class action settlement?
The answer is typically between one and six weeks after your attorney reaches a settlement or the judge hearing your case awards you monetary damages. The reason why it takes as long as it does is your lawyer receives your settlement check to take care of certain expenses before you receive just compensation.
How long does it take to get paid after a settlement?
While rough estimates usually put the amount of time to receive settlement money around four to six weeks after a case it settled, the amount of time leading up to settlement will also vary. There are multiple factors to consider when asking how long it takes to get a settlement check.
How long does it take to receive compensation after accepting offer?
In some cases, insurers will process the compensation payout within a few days. In most cases, though, you will have to wait between two and four weeks to receive your compensation.
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.
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.
What is the customer service number for Blue Cross Blue Shield?
(888) 630-2583Blue Cross Blue Shield Association / Customer service
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.
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 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.
What is classaction.org?
ClassAction.org is a group of online professionals (designers, developers and writers) with years of experience in the legal industry.
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.
How long is BCBS settlement?
There have been tens of millions of people covered under BCBS plans during the settlement period and the settlement includes 13 years for fully-insured plans (2008-2020). During that time, trillions of dollars of insured premium were paid. Much will depend on the participation and claim filing rates of employers and individuals.
What is the settlement of a class action lawsuit?
In October of 2020, Blue Cross and Blue Shield (BCBS) companies reached an agreement to settle a class action lawsuit in a case brought by subscribers related to licensing agreements within the BCBS system. While the BCBS Companies rejected claims made by the plaintiffs in the case, they agreed to provide monetary payments to eligible individuals and employers and to make some operations changes across the Blue Cross and Blue Shield system. The parties agreed to a settlement to avoid the risk and cost of further litigation. The settlement terms will be reviewed by the Court on October 20, 2021 to determine if the settlement is fair, reasonable, and adequate.
What is a JND settlement agreement?
Answer: The settlement agreement requires that each BCBS plan provide the settlement claim administrator (JND Legal Administration) with billed premium and fee information and covered lives counts, as well contact information for class members, including a personal identifier (“unique ID”) that will be assigned to each potential claimant.
What entities are eligible to file a claim?
Entities such as multiemployer welfare arrangements (MEWAs), Associations, and Taft Hartley Plans are also eligible to file a claim. BCBS Medical, dental, pharmacy, vision and stop-loss products are included. Enrollment only in a stand-alone vision or dental plan does not qualify for settlement consideration.
When do BCBS claims have to be posted?
Answer: After the claims period has closed (remember the deadline to file/postmark your claim is November 5, 2021), the settlement claims administrator will create a secure portal on the settlement website and post the year-by-year premiums and/or administrative fees (which form the basis of the claimant’s ultimate distribution) assigned to each claimant, based on data provided by the BCBS plan and any other information gather by the claim administrator through the claim process. While this figure will not represent the claimant’s settlement payment, it will identify the basis for calculating such payment. Claimants will be able to review the paid premium or fees used to calculate their award and can contest those figures and request a correction within 30 days of the secure portal posting.
What is the phone number for settlement?
In addition, there is a settlement customer service line, (888) 681-1142, that employers or individuals may use to speak to a representative ...
Is a BCBS employee a class member?
Answer: Both employers (i.e. plan sponsors), and employees (but not dependents) covered under group health plans, as well as individuals purchasing BCBS insurance directly, are class members if they purchased or were enrolled in:
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 ...
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 ...
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?
What is a class action lawsuit against Blue Cross Blue Shield?
This settlement is a result of a class action lawsuit that alleges Blue Cross Blue Shield companies and affiliate companies (i.e. Anthem Blue Cross Blue Shield is an affiliate company) violated antitrust laws by entering into an agreement not to compete with each other and to limit competition ...
When will the settlement proceeds be distributed?
Settlement proceeds will be distributed, at the earliest, late in December 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…