When Will BCBS Settlement Checks Be Mailed 2023

When Will BCBS Settlement Checks Arrive? An Update for 2024

If you were part of the massive Blue Cross Blue Shield Antitrust Litigation and anxiously awaiting your settlement check, you’re likely eager for an update. This article delves into the timeline of the BCBS settlement, explores factors affecting check distribution, and provides insights into when you might expect to receive your payment (assuming you haven’t already in early 2024).

A Recap of the BCBS Antitrust Settlement

In 2020, a settlement agreement was reached in a class-action antitrust lawsuit against the Blue Cross Blue Shield Association (BCBSA) and its local member plans. The lawsuit alleged that BCBSA’s practices violated the Sherman Act by restricting competition among member plans. The settlement, valued at $2.67 billion, aimed to compensate participating employers who purchased health insurance plans for their employees.

The Long and Winding Road to Distribution

The settlement approval process faced challenges and appeals. However, in early 2024, after the Supreme Court denied the final appeal, the path for check distribution was finally cleared.

Key Dates to Remember:

• October 16, 2020: Settlement Agreement Reached
• August 9, 2022: Court Grants Final Approval to Settlement
• January 26, 2024: Eleventh Circuit Court Denies Appeal
• June 24, 2024: Supreme Court Denies Appeal – All Appeals Resolved

Important Note: These are confirmed dates. The following sections discuss the estimated timeframe for receiving your check.

Factors Affecting Check Distribution Timeline

While the appeals process is resolved, there can still be some factors influencing the exact date you receive your check:

• Claim Filing Status: Only those who filed a valid claim before the deadline (typically November 5, 2021) are eligible for a payout. If you haven’t checked the claim status on the settlement website (https://www.bcbssettlement.com/), do so to confirm your eligibility.
• Claim Verification: The claims administrator might need to verify the validity of your claim before issuing a check. This process could involve reviewing your eligibility criteria and ensuring accuracy of submitted documentation.
• Settlement Administration: Distributing a large number of checks can be a complex process. The settlement administrator might distribute checks in batches, potentially impacting the exact timing of your receipt.

Estimated Timeline for Receiving Your Check (Assuming You Filed a Valid Claim)

Based on available information and the settlement website’s updates, here’s an estimated timeframe for receiving your check (assuming you filed a valid claim):

• Possible Scenarios:
  • Checks Already Mailed (Early 2024): There’s a possibility that checks for some eligible claimants were already mailed in early 2024, following the finalization of the appeals process.
  • Potential for Ongoing Distribution: Distribution for remaining claims might still be ongoing.

Here’s what you can do:

• Check the Settlement Website: The official BCBS Settlement website (https://www.bcbssettlement.com/) is the most reliable source for updates. Look for announcements regarding claim status and check distribution.
• Contact the Settlement Administrator: If you haven’t received your check and have concerns, you can contact the settlement administrator through the website or by calling the number provided.

Important Disclaimer: This article provides an estimated timeline based on publicly available information. The actual date you receive your check might differ. Always refer to the official BCBS Settlement website for the most up-to-date information.

Frequently Asked Questions (FAQ) about BCBS Settlement Checks

• Q: How much money can I expect to receive?

• A: The exact amount each claimant receives depends on several factors, including the class they belong to and the overall number of valid claims. You can find more details regarding the distribution plan on the settlement website (https://www.bcbssettlement.com/).

• Q: What if I never filed a claim?

• A: Unfortunately, the deadline to file a claim has likely passed (typically November 5, 2021). You cannot participate in the settlement at this time.

• Q: How can I confirm if I filed a valid claim?

• A: Visit the BCBS Settlement website (https://www.bcbssettlement.com/) and check your claim status using the claim reference number you received when filing.

• Q: What should I do if I have questions about the settlement or my check?

• A: The BCBS Settlement website (https://www.bcbssettlement.com/) has a dedicated FAQ section that might answer your questions. If you can’t find the information you need there, you can contact the settlement administrator through the following methods:

  • Website: There’s a contact form available on the settlement website.
  • Phone: The settlement administrator can be reached by phone at the number provided on the website.

Remember: It’s important to be patient during the distribution process. A large number of claims need to be processed, and it might take some time before you receive your check. By staying informed through the settlement website and contacting them if necessary, you can ensure you don’t miss any important updates or communications regarding your payout.