Association News

It’s Your Money: Get it Back With MCAG

HASC members have full access to the class action settlement recovery service provided by Managed Care Advisory Group, or MCAG. MCAG represents over 1,400 hospitals and has recovered more than $200 million on behalf of health care organizations from previous settlements.

While MCAG is monitoring several class action settlements, the following are significant opportunities with two claim filing deadlines that are approaching fast:

The BCBS Subscriber Settlement | $2.67 billion | Nov. 5, 2021 filing deadline

This is a fund for employers who used Blue Cross Blue Shield for their own benefit plans. It reimburses a portion of premiums paid by eligible Fully Insured Groups back to 2008, or administrative fees paid by eligible Self-Funded Accounts back to 2015.

The EpiPen (Branded & Generic) Settlement | $345 million | Nov. 12, 2021 filing deadline

Covers businesses with self-insured health plans that purchased EpiPens, both branded and generic, on behalf of their employees due to artificially inflated and/or stabilized prices. All organizations located within the United States with applicable purchases are eligible.

The Payment Card Interchange Fee settlement | $5.54 billion | TBD filing deadline (disclaimer below)

This is also known as the Visa / Mastercard settlement, which reimburses organizations for the fees they paid for accepting Visa or Mastercard payments from Jan. 1, 2004 to Jan. 25, 2019. This class action settlement has received final approval and the claims process will be available as soon as appeals are resolved.

MCAG is pleased to partner with HASC members to file client’s claims into the BCBS Subscriber settlement and other class action settlements. While MCAG does not create class actions, they are easily the nation’s largest claims filing company; currently filing claims for more than 200,000 companies. MCAG charges HASC members a contingent fee of 20 percent of actual recoveries (no other fees) for all settlements.

Signing up for MCAG’s service is easy:

1.  Visit MCAG’s website for HASC members.

2.  Enter in your business information and that’s it!

With questions, please contact HASC Member Relations & Association Services Director Darryl Sanford. 

Payment Card Settlement Disclaimer: On Dec. 13, 2019 the Court granted final approval of the settlement filed on Sept. 18, 2018 for the Rule 23(b)(3) Class Plaintiffs in this action. No claim forms are available at this time, and no claim-filing deadline exists. No-cost assistance will be available from the Class Administrator and Class Counsel during any claims-filing period. No one is required to sign up with any third-party service in order to participate in any settlement. For additional information regarding the status of the litigation, interested persons may visit www.paymentcardsettlement.com, the Court-approved website for this case.