combsandco


Blue Cross Blue Shield Settlement Updates
May 13, 2021, 10:00 am
Filed under: Affordable Care Act, Blue Cross, Combs & Company, Important Notice

You and/or your employees may be receiving information about a Blue Cross Blue Shield Class Action Settlement soon. 

You may be eligible to submit a claim if you are an INDIVIDUAL, INSURED GROUP (and their employees) or a SELF-FUNDED ACCOUNT that purchased or was enrolled in a Blue Cross or Blue Shield from February 7, 2008 through October 16, 2020.  This includes groups (and their employees) purchasing coverage through an Association Plan that utilizes one of these insurance companies.  

The Net Settlement Fund is estimated to be approximately $1.9 billion after attorney fees, administration expenses and other costs are deducted from the total $2.67 billion Settlement Fund. 

We can not estimate how much you might be eligible to receive as it will be based on the number of claimants and several other factors.  If the total payment for any claimant is equal or less than $5.00, no payment will be made. 

To learn more, please visit the official Settlement Website:  http://bcbssettlement.com  

THE INSIDER LEGISLATIVE UPDATES BROADCAST
Click the play button below for a broadcast where Colleen Patterson, Director, Employer Services and Compliance, and Christine Guzzardo, J.D., Senior Employer Services Specialist, ERISA, discuss the latest updates on the Blue Cross Blue Shield Settlement. 

Below is also some additional contact information for your reference.  



So just what is going on with Blue Cross?
November 10, 2011, 10:41 pm
Filed under: Blue Cross

As you may have heard Blue Cross will be making some drastic changes to its health insurance portfolio starting April 1, 2012.  Currently Blue Cross offers more than 30 health plan options to small businesses (2-50 employees), but as of April 1st they are eliminating most of their portfolio and reducing your options to 4 meager plans.

This is a forced migration to one of the four plans, regardless of when your renewal date occurs.  For example, if your renewal is January 1, 2012, you can renew on your current plan at 1st quarter rates, but come April 1st, you will have to choose one of the four plans Blue Cross is making available and do so at 2nd quarter rates.

Blue Cross has provided us with a preview of the four plans that will be available for Small Businesses.  If you would like to see the plan structures, please email us at info@combsandco.com and we will send you a copy.

This is a confusing time in health insurance, and we don’t anticipate it will clear up anytime soon.