financial breakdown<\/span><\/h2>\nWhile the key figure is $2.67 billion, the actual amount distributed to claimants is less after legal and administrative expenses. <\/p>\n
Gross Settlement Fund:<\/b> $2.67 billion <\/p>\n
Net Settlement Fund:<\/b> About $1.9 billion after deducting about $700 million in attorney fees and costs. <\/p>\n
The estimated average payment is approximately $300-$333 per valid claim, but this figure can vary depending on individual premium history, such as how long you were enrolled in BCBS coverage, the amount of premium you paid, the type of insurance coverage, and the total number of claims approved. <\/p>\n
Talking about total claims, approximately 60 lakh valid claims were submitted. <\/p>\n
Eligibility to claim payment<\/span><\/h2>\nThe following criteria must be met to claim payment. The deadline to file claims was November 5, 2021. If you miss the deadline, you are ineligible for this payment. <\/p>\n
Must be covered by the BCBS plan during the following windows: <\/p>\n
\n- Individuals and fully insured groups: February 7, 2008 \u2013 October 16, 2020<\/li>\n
- Self-Funded Accounts: September 1, 2015 \u2013 October 16, 2020<\/li>\n<\/ul>\n
When and how to receive payment <\/span><\/h2>\nThe payment process officially started in early May 2026. Payments are being issued according to the method chosen by claimants, including direct deposit, physical checks and electronic transfers. <\/p>\n
A historic antitrust battle has come to an end as Blue Cross Blue Shield begins issuing settlement checks. For the 6 million people and businesses who filed claims years ago, this month marks the long-awaited arrival of their payments. <\/p>\n<\/p><\/div>\n