Regence BlueShield and Regence Members Agree to Arbitrated Settlement Of Two Class Actions
SEATTLE, March 20 /PRNewswire/ -- Regence BlueShield and the attorneys representing Regence's members are pleased to announce that they have reached a settlement of two class action lawsuits. The settlement resolves claims arising out of Washington's "every category of provider" law. The settlement will allow Regence BlueShield members who paid for visits to chiropractors, massage therapists, naturopaths, acupuncturists, and nutritionists between 1996 and March 2000 to claim a piece of a $30,400,000 settlement amount arrived at through arbitration. Today, the attorneys for the Class members and for Regence BlueShield filed papers asking for court approval of the settlement. Under a process requested by the parties, Regence BlueShield members who received treatment from an alternative provider and paid for that treatment out-of-pocket during the specified timeframe can make a claim. If approved by the courts, notices and claim forms would be sent out to all subscribers 60 days after approval. Subscribers would then have 120 days to send in their claims. After the claims process, unclaimed funds will be used by Regence BlueShield to reduce health insurance premiums on all its policies subject to the every category law over a five-year period. For more information on this lawsuit and to obtain claim forms, visit www.altcarelaw.com or www.wa.regence.com websites.
SOURCE Regence BlueShield
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