Geico Florida Provider Payments Class Action Settlement

• Florida health care providers who held an assignment of benefits from a Geico auto insurance policy
• Submitted PIP claims between Sept. 18, 2015, and Aug. 12, 2024
• Were paid less than the highest allowable Medicare Part B rate for 2007

To claim reimbursement, class members must provide:

• Copies of the bills submitted to Geico for payment
• Copies of the explanations of benefits (EOBs) issued by Geico
• Copies of the assignment of benefits

Geico has agreed to settle claims that it underpaid Florida health care providers by misinterpreting no-fault insurance laws when calculating personal injury protection (PIP) payments.

The class action lawsuit accused Geico of wrongfully reducing payments by failing to use the highest allowable reimbursement rate under Medicare Part B for 2007 when processing PIP claims. Providers argued that this resulted in unfairly reduced payments for medical services, supplies, and care.

Geico is one of the largest auto insurance companies in the U.S., offering policies to drivers nationwide.

The company denies any wrongdoing but agreed to the settlement to resolve the lawsuit and compensate affected providers.

Settlement Benefits

• Claim Readjustment: Class members will receive 35% of 80% of the difference between what they were paid and the highest allowable Medicare Part B rate for 2007.
  
  
• Additional $5 Payment: Class members who submit a valid claim form via U.S. mail can receive an extra $5 compensation.

If you are a Florida health care provider who submitted PIP claims to Geico during the eligible time period and received less than you were owed, you may be entitled to compensation. Check your eligibility and submit your claim before the deadline.