Is the blue cross blue shield settlement legit is a courtesy that the organization introduces for its members. As said by the court, everyone who enrolled for the health insurance between 2008 and 2020 in the organization is eligible to be a part of this settlement.
This is a lawsuit claiming that the company did not follow the antitrust laws in their areas of operation in the United States. This is done mainly by allowing higher rates on some of their plans. However, the company doesn’t agree that it has done something wrong, but the law says it has to agree to the settlement.
What is Blue Cross Blue Shield?
Blue Cross is an organization known to provide insurance related to health for all the enrolled members. It also gives health care solutions internationally for all the people who live and travel in the nations the organization serves. It has its branches worldwide, though it originated from the United States.
Asthis is a $2.7 billion settlement related to the company and its members, people suspect whether it is real or fake. So in this article, we will see is the blue cross blue shield settlement legit or not?
Specifications:
- Category: It comes under the category of health care insurance funding.
- Contact number: 8886302583Contact address: 225 North Michigan Ave, Chicago, IL 60601
- Email address: Not found anywhere on the website.
- Website link: https://www.bcbssettlement.com/.
What does a class-action lawsuit mean?
It is an action taken by a group of people or organizations who collectively represent a claim against an individual or a company. This group of members who claim the complaint against something is called class members.
Are you eligible for the Blue Cross Settlement?
If you are enrolled in their services between February 2008 to October 2020, you are eligible for this recent settlement.
This is a settlement that is totally under cover of the government and the court. First, it is still not believed as legit by few members as this involves millions of dollars.
Many of the enrolled members feel like this is fake or fraud because this is the first time this is happening. So in the next sections of this article, we will confirm whether is the blue cross blue shield settlement legit.
How much will you get from this settlement?
No one can say the exact amount of money that you will be receiving from this settlement. It depends on various factors involved in the process of your health insurance enrollment.
The factors may include:
- The number of premiums you have paid in the class period.
- The number of claims that you paid.
- It also depends on the type of insurance out of the two types, i.e., fully insured insurance or self-funded insurance.
The amount you may receive will depend on the three factors mentioned above, as said by the company itself.
When should you file a claim?
If you are looking to file a claim, you can go to their official website (link provided in the specifications section) and click on file a claim if you want to do it online.
If you want to claim by offline method, you can send a copy of your claim to their address in the United States. The deadline for both methods is November 5, 2021.
Is the blue cross blue shield settlement legit?
As this is the settlement that has a court statement involved, this is real. There are no testimonials on the web stating that this an illegal settlement. The court also revealed another important fact that there is a hearing on October 20, 2021, which allows class members to speak anything about the actions done by the company.
Many of the class members have already received the invitation to claim as an email or a message by postcard. The process is truly as concerned by the court.
Final thoughts
There are no suspicious things found to say that this is a health insurance fraud. Further, it is also found that if any of the class members do not claim, it comes under the support of the Blue Cross for its wrong actions, and they won’t get any money.