On July 11, 2019, Premera reached a settlement to pay $10.4 million over its failure to secure sensitive consumer data following the breach in 2015.
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 in settlement?
The $74 million settlement includes the $42 million Premera had to spend to overhaul its information security system.
What happened to Premera insurance?
On May 5, 2015, Premera experienced a security breach, possibly leaking the private information of 11 million of its members. On July 11, 2019, Premera reached a settlement to pay $10.4 million over its failure to secure sensitive consumer data following the breach in 2015.
What is Premera Blue Cross of Alaska?
Premera was founded as Washington Hospital Service in 1945, and began operating in Alaska in 1957. In 1969, the company's name was changed to Blue Cross of Washington and Alaska. In June 1998, Blue Cross of Washington and Alaska merged with Spokane 's Medical Service Corporation under the name Premera Blue Cross.
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What is the Premera Blue Cross settlement?
Premera Blue Cross will pay $6.9 million in a settlement with the Trump administration over a data breach that exposed confidential information on more than 10 million people across the country.
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.
Is Blue Cross settlement legit?
IS THE BLUE CROSS SETTLEMENT REAL? 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.
How to check status of a claim?
Online: The best method to check the status of a claim is to visit our website. Information is available 24 hours a day, seven days a week. Customer Service: If you don't have Internet access, contact Customer Service by calling 877-342-5258, option 2, or by calling the phone number on back of member's ID card.
What box is the physician's name in a health care billing statement?
Box 31– Enter the physician or provider’s name that performed the service.
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.
When did Premera start?
Premera was founded as Washington Hospital Service in 1945, and began operating in Alaska in 1957. In 1969, the company's name was changed to Blue Cross of Washington and Alaska. In June 1998, Blue Cross of Washington and Alaska merged with Spokane 's Medical Service Corporation under the name Premera Blue Cross.
When did Premera cease to exist?
After five years, the request was officially ended on March 5, 2007.
Is Premera Blue Cross a non profit?
Premera Blue Cross is a not-for-profit Blue Cross Blue Shield licensed health insurance company based in Mountlake Terrace, Washington, United States. It sells health insurance plans under the Blue Cross license in Washington state except Clark County and under both of the Blue Cross and Blue Shield licenses in Alaska .
Who replaced Gubby Barlow as CEO of Premera?
In October 2014, Jeff Roe replaced Gubby Barlow as CEO of Premera.
Is Premera Blue Cross a licensed insurance company?
Premera Blue Cross has operated in Washington since 1945, and in Alaska since 1957. Premera Blue Cross is an independent licensee of the Blue Cross Blue Shield Association.
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.
What does it mean when you receive a post card from Premera Settlement?
It just means your information was compromised and now you can file a claim.
When is the deadline to file a claim in the Premera breach settlement?
Remember too, that the deadline to file a claim in the Premera Breach Settlement is March 30, 2020.
What did Stephens emphasize in the Premera settlement?
Stephens also emphasized the unique feature of the free credit monitoring offered in the Premera settlement.
When did the Premera breach happen?
According to investigators, the cyber attack hit the Premera Blue Cross computer network in May of 2014. Premera disclosed the breach publicly nearly a year later. "They had full access to all of the files of over 10 million people," said Kim Stephens, whose law firm, Tousley Brain Stephens, PLLC, worked on the settlement.
Why were the Premera postcards mailed?
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. According to investigators, the cyber attack hit the Premera Blue Cross computer network in May of 2014.
