BCBSA Antitrust Settlement Classes Eligible for Proceeds - Bim Group

BCBSA Antitrust Settlement Classes Eligible for Proceeds

2 MINUTE READ

November 5, 2021 is the deadline for filing a claim in connection with the Blue Cross Blue Shield Association (BCBSA) $2.67 billion settlement reached in October 2020. The class action lawsuit was filed more than eight years ago by subscribers seeking injunctive and compensatory relief arising out of BCBSA’s alleged violation of federal antitrust laws. Although final court approval for the settlement has not been granted, the official administrator of the BCBSA has established a website to provide information and instructions for filing claims online and by mail.  Payment of the settlement proceeds will be distributed to the settlement classes from the settlement fund after final court approval of the settlement.

Settlement Classes

Eligibility for settlement proceeds extends to individuals, insured groups (and their employees) and self-funded arrangements (and their employees) that purchased or were enrolled in a Blue Cross or Blue Shield (BCBS) health insurance or administrative services plan during one of the two settlement class periods. The class periods, during which BCBS coverage was in effect, is based upon whether the coverage was insured or in connection with a self-funded plan. The class period for insured coverage is February 7, 2008, through October 16, 2020. The class period for self-funded plans is September 1, 2015, through October 16, 2020. Governmental plans and their participants are excluded from the classes eligible to participate in the settlement. Additionally, dependents, beneficiaries (including minors), and non-employees are not eligible to participate in the settlement.

Claims Process

In order to make a claim and receive a payment, claims must be filed online or by mail postmarked by November 5, 2021. Claims may be submitted online or by mail to:

Blue Cross Blue Shield Settlement
c/o JND Legal Administration
PO Box 91390
Seattle, WA 98111

Instructions for submitting claims are on the claim form. If employers and participants still have questions about class membership after review of the claim form and instructions, they are encouraged to contact the Claims Administrator at info@BCBSsettlement.com or call toll-free at (888) 681-1142.

UBA intends to issue a subsequent Advisor to address plan sponsor issues in connection with the settlement.

 

Recent Insights

August 4, 2022
News

Kentucky Flooding Disaster Relief Resources

Our thoughts and prayers are with the devastated Kentucky communities that have been impacted by last week’s flooding. Please see below for various disaster relief resources: Teladoc Disaster Hotline Team Eastern Kentucky Flood Relief Fund Shelter information and resources Anthem – Help for Members Impacted by Flooding in Kentucky
Read more
August 1, 2022
News

The Play-or-Pay Penalty and Counting Employees under the ACA

Since 2015, the Affordable Care Act (ACA) has required applicable large employers (ALEs) to offer their full-time employees health coverage or pay one of two shared responsibility penalties (ESRP or “play-or-pay”). An employer is an ALE if it employs 50 or more full-time or full-time equivalent employees. Final IRS regulations provide guidance to help employers […]
Read more
August 1, 2022
Affordable Care Act (PPACA), HHS

HHS Issues Proposed Rules under ACA Section 1557 to Clarify Scope of Discrimination Protections

READ TIME: 7 MINUTES The U.S. Department of Health and Human Services (HHS) has announced a proposed rule (Proposed Rule) implementing Section 1557 of the Affordable Care Act (ACA) that prohibits discrimination on the basis of race, color, national origin, sex, age, and disability in certain health programs and activities. The Proposed Rule is the […]
Read more
July 13, 2022
News

Get By with a Little Help from Your Friends: “Tend and Befriend”

READ TIME: 2 MINUTES Most people are familiar with the fight-or-flight response to stress – when adrenaline surges and you either prepare for battle or run for safety. These reactions may be well suited to a surprise meeting with a bear in the woods but don’t help manage a surprise meeting at work. The fight-or-flight […]
Read more