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Excellus BlueCross BlueShield Looking for Owners of “Unclaimed Funds”
For Immediate Release: 2018-04-25
Contact: Edward Byrnes, Excellus BCBS, (315) 792-8897
Utica, NY –
More than 10,400 individuals and companies in New York state have not cashed more than $2.1 million in checks issued by Excellus Health Plan, including by its d.b.a., Excellus BlueCross BlueShield (BCBS). This isn’t money left in their pockets, but is in the form of unclaimed checks issued in 2014 to members and providers.
A complete list of names of people and companies with checks to claim is available on the company’s website at ExcellusBCBS.com/UnclaimedFunds.
Printed legal notices listed by county will be placed on either April 25 or April 26 in regional daily or weekly newspapers across New York state.
Every year, the state requires insurers like Excellus BCBS to make a list of unclaimed checks that are at least three years old. The names are then placed in advertisements in local papers in an attempt to find the people who have money to claim. If the property is not claimed by August, the money is then turned over to the Comptroller of the State of New York.
“This is money that was paid for claims or refunded premiums. If the money remains unclaimed it will go to the state,” said Christopher C. Booth, president and chief executive officer. “It rightfully belongs to our members or providers and we want to make sure they have one more chance to claim it before it goes to the state.”
Most of the funds that have yet to be redeemed were allocated to Excellus BCBS members and providers. Checks may not have been cashed for a number of reasons. The member may have moved and not left a forwarding address, a member may have died, or the member simply forgot about the money.
To claim a check prior to August 1, do one of the following steps:
If you are currently a health plan member, please call the phone number on your member identification card.
If you are no longer a health plan member, or if you are calling on behalf of the estate of a family member, call Excellus BCBS: 1-800-499-1275.
Please note that checks will be mailed to claimants on or before August 31.
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Excellus BlueCross BlueShield, an independent licensee of the Blue Cross Blue Shield Association, is a nonprofit health plan with 1.5 million upstate New York members. The company's mission is to help people live healthier and more secure lives through access to high-quality, affordable health care. Its products and services include cost-saving prescription drug discounts, wellness tracking tools and access to telemedicine. With more than 3,500 employees, the company is committed to attracting and retaining a diverse workforce to foster innovation and better serve its members. It also encourages employees to engage in their communities by providing paid volunteer time off as one of many benefits. To learn more, visit ExcellusBCBS.com.