Blue Cross Blue Shield Settlement: $333 for You?

0:00Blue Cross Blue Shield customers might see some cash hitting their accounts this May, from a massive $2.67 billion settlement. It stems from anti-trust claims dating back to 2013, where over 30 plans got sued for allegedly colluding to avoid competing on. Insurance sales nationwide. The company denies any fault, but the deal covers millions of folks who were enrolled in their individual or group plans. Claims poured in from about 6 million people by the November 5th, 2021 deadline, including some right here in Connecticut. Eligible subscribers had to have been covered between February 7th, 2008, and October 16th, 2020, or... Self-funded plans from September 1st, 2015, onward. Dependents and beneficiaries unfortunately don't qualify. This payout hits different for everyday people who have been paying premiums for years, potentially easing some health care costs after all that legal. Drama. It's a reminder of how these big networks can get checked when they play too cozy, impacting regular families nationwide.

1:05Out of the total pot, $1.9 billion is set aside for claims, averaging around $333 per person. Notices have already gone out via email, and checks or debit cards should start dropping in May, based on what folks picked when filing. Keep an eye on your inbox or the settlement site if you think you qualify. Could be a nice surprise amid rising bills, straight flex from holding these. Giants accountable. From your city, powered by AI, this is Hardford News today.