As of Nov. 5, 2021, about 6 million people had filed claims in the Blue Cross Blue Shield (BCBS) settlement. This settlement was made to resolve a class action lawsuit that alleged that BCBS had engaged in anticompetitive behavior. The settlement fund is worth approximately $2.67 billion, and no more than 25% of the fund is earmarked for attorney fees and administration costs. This leaves about $2 billion for claimants.
If you were one of the 6 million people who filed a claim by the Nov. 5, 2021 deadline, you may be wondering how much you can expect to receive from the BCBS settlement. According to legal documents posted on the website, the average payout is estimated to be around $333 per claim. However, the exact amount you receive will depend on the number of valid claims that are submitted and the amount of money available in the settlement fund.
The deadline to submit a claim for the BCBS settlement was Oct 14, 2022. If you missed the deadline, you are not eligible to receive any compensation from the settlement. If you did submit a claim, you should expect to receive a notice in the mail with information about your claim and the amount of money you will receive.
If you have any questions about the BCBS settlement or your claim, you can contact the settlement administrator or the attorneys who are handling the case. They will be able to provide you with more information about the settlement and answer any questions you may have.
The BCBS settlement is a great opportunity for those who were affected by the alleged anticompetitive behavior of BCBS. Although the average payout is estimated to be around $333 per claim, the exact amount you receive will depend on the number of valid claims that are submitted and the amount of money available in the settlement fund. If you submitted a claim by the Oct 14, 2022 deadline, you should expect to receive a notice in the mail with information about your claim and the amount of money you will receive.
