$2.67B Blue Cross Settlement: How to Get Your Money

This is the $2.67 billion Blue Cross Blue Shield settlement: For health insurance cases in the past few years, the $2.67 billion Blue Cross Blue Shield (BCBS) Settlement has been one of the most talked-about court cases. If you or your business had BCBS health insurance from 2008 to 2020, you may be able to get a piece of the settlement money. How do you take it, though? What does it all mean?

Discover everything you need to know about the Blue Cross Blue Shield antitrust deal in this in-depth guide. This includes the settlement’s history, who is eligible, how to claim your share, and what to expect going forward. Whether you’re a business owner, an employee, or someone with a BCBS plan during the settlement time, this article breaks the process down into clear, actionable steps and gives you useful background information to help you make your choice.

Settlement for $2.67 billion with Blue Cross Blue Shield

Aspect	Details
Settlement Amount	$2.67 Billion
Eligibility Period	February 7, 2008 – October 16, 2020
Eligible Parties	Individuals and companies that purchased BCBS insurance or administrative services
Claim Deadline	November 5, 2021 (Now Closed)
Average Payout	Estimated $333 per claimant (may vary)
Current Status	Claim determinations and payments in progress (as of March 2025)
Official Website	www.bcbssettlement.com

This historic $2.67 billion settlement makes it clear how important it is for the insurance business to keep competition healthy. It restores financial losses and marks a turning point for better regulatory control by addressing practices that slowed down the market.

As long as your claim was true, you should get paid sometime in 2025. It might not be a huge amount for everyone, but it’s a small compensation for years of rates that were probably too high. What’s more, it supports the idea that big businesses should be held responsible for their actions.

For how much money does Blue Cross Blue Shield have to pay?

A group of people sued the Blue Cross Blue Shield Association and some of its member companies for unfair business practices, which led to the BCBS Settlement. The case said that BCBS worked together to split up service areas so that they wouldn’t have to compete with each other. This meant that customers had fewer options and insurance rates went up. Federal antitrust rules are meant to encourage competition, and these actions are said to be against them.

In 2020, BCBS agreed to a $2.67 billion settlement instead of going to court, which would have been a long and uncertain process. It was one of the biggest health insurance payouts in U.S. history. The deal includes both money payments and changes to the structure that are meant to stop similar unfair business practices from happening again.

Why does this matter?

There are important things that this case means. Many Americans paid BCBS insurance rates for many years, even though the market may not have been as competitive as it seemed. People who own policies and companies that think they were overcharged or not served well see the resolution as a win. Even more important, it sets a standard for honesty and integrity in the health insurance business.

What kinds of people can get a settlement payment?

You might be able to get paid if you or your business had a BCBS health insurance plan or administrative services plan between February 7, 2008, and October 16, 2020. This offer is good for people, families, and businesses that paid for or managed plans during this time.

What Does the Coverage Cover?

Fully insured plans (where BCBS takes on the risk and you pay a premium) and self-funded plans (where the company pays claims directly but BCBS handles the paperwork) are both part of the settlement.

• Plans that cover everything: These are the most popular plans for people and small businesses. BCBS gets payments for claims and takes them in.
• Self-Funded (ASO) Plans: These are usually used by bigger companies. BCBS helps with the paperwork, but the company pays for the health care.

Importantly, you may still be eligible even if you no longer work for BCBS as long as you had appropriate coverage during the time you were eligible. People who are currently or have previously had a coverage can be claimants.

How to Get Your Blue Cross Blue Shield Settlement Money

How to File a Claim, Step by Step

Even though the deadline for making a claim has passed, it’s still helpful to know how the process works in case you need to track your submission or are still waiting for your payout.

• Look in your email box: If you made a claim, you are now getting notices from the Settlement Administrator that your claim has been decided. You’ll get these emails telling you if your claim was accepted and how much you can get.
• Review the Details of Your Claim: Each letter has an overview of your claim, the coverage period used to figure out your share, and an estimate of how much you will get paid. Carefully look over these details.
• Choose How You Want to Receive Your Money: You will be asked to choose how you want to receive your money: by direct deposit, PayPal, or paper cheque.
• Wait for Your Payment: Payments are being made all the time. To avoid delays, make sure that your account and contact information is correct.

Didn’t Make a Claim?

If you missed the limit on November 5, 2021, you will not be able to get any money back. But keeping up with this case and others like it could help you get better deals in the future. It’s also a warning to check sites like Top Class Actions or sign up for services that send you alerts about class actions.

How much money are you going to get?

It is thought that the average payout will be around $333, but the real payout will depend on a lot of different factors. Some claimants, like big employers with years of coverage, could get thousands of dollars, while other claimants, like individuals, might only get a few hundred dollars.

Things that affect the amounts of payments:

• Length of service: The number of months that you or your business had BCBS service during Class.
• Type of Plan: This tells you whether you had individual treatment or cover through a group or employer plan.
• Total Premiums Paid: Your possible share will be bigger if you paid more in premiums.
• Total Valid Claims: The settlement fund will be split based on the amount of valid claims.

For example, a person with BCBS coverage for one year might get $50 to $100, but a business that covers dozens of workers for over ten years might be able to get thousands.

About The Author