Blue Cross Blue Shield $2.6B settlement to begin payments next month: What to know
Payments from a $2.67 billion Blue Cross Blue Shield settlement will begin in May 2026 for eligible claimants who filed by November 2021.Summary
After years of litigation, payments from a $2.67 billion class-action settlement involving Blue Cross Blue Shield will begin in May 2026. The lawsuit alleged that the health insurance giant violated antitrust laws by limiting competition among its plans. Blue Cross Blue Shield denied any wrongdoing. The settlement fund includes $1.78 billion for individuals and groups, plus $120 million for self-funded accounts. Payments will vary based on factors like coverage duration and premiums, with an average payout of around $300 if funds were evenly divided. Claimants will receive instructions via email or postcard, and payments can be made by check, prepaid debit card, or electronic methods like PayPal or Venmo. To be eligible, individuals must have had coverage under a Blue Cross Blue Shield plan between February 2008 and October 2020 and filed a claim by November 5, 2021. The settlement also requires the company to change its business practices to increase market competition.
(Source：WLTX.com)