Blue transverse blue shields on about 6 million people are set to exit more than two years after the health fuse reached a settlement of $ 2.67 billion with subscribers.
Payment notifications by e-mail applicants by e-mail on rolling emeasers, according to update At the BCBS settlement website.
The settlement stems from a class of classes that state that more than 35 BCBS health insurance was climbed by antitrust laws agreeing not to compete with each other, which restricts competition in the health insurance market.
The accused denies allegations of injustice. “Instead, prosecutors and resolving the accused agree on the settlement to avoid the risk and costs of further civil proceedings”, loud updating at the site of the settlement.
Who gets a check?
Participants had to apply by claims by 5. November, 2021. year, to be eligible for receiving payments from the Settlement Fund of 2.67 billion dollars.
Subscribers who were covered with some blue blue blue health insurance or administrative service plans between February 2008. and 2020, members of potential classes.
The page does not indicate when the payment notices will be sent.
How are individual payments determined?
Individual payments are determined based on the number of applicable claims submitted, premiums were paid once or more accused during one of the two classes and whether one’s insurance was fully secured or self-financed.
“The settlement class period for individuals and insured groups is from 3. February 2008. until 16. October 2020. years,” According to the settlement website. “A period of classes of Self-financed Accounts is from 1. September 2015. year, until 16. October 2020”
If the total payment for each applicant is equal to or less than $ 5, the Applicant will not receive a check.
After the deduction of lawyers and administrative costs, the Net Settlement Fund is valid about 1.9 billion dollars, which will be distributed in approximately 6 million applicants. On average, the applicants can expect $ 333 checks.
2025-02-07 19:44:00
