Cigna to Offer Critical Illness Coverage as Part of Cigna's Individual and Family Plans Portfolio
Even with medical insurance coverage, unexpected costs associated with a
critical illness can put stress and strain on both personal lives and
personal finances. Cigna
Individual and Family Plans began sales on May 1, 2013 of its Cash
Advantage Critical Illness product which will be marketed and
administered through Cigna Supplemental Benefits division in Austin, TX.
The product will be offered through brokers in Colorado, Texas and
Tennessee.
“When someone learns they have a critical illness, the last thing they
want to think about is how to handle the financial impact,” said Dale
Fratianne, Vice President of Sales with Cigna Individual and
Family Plans. “This product is designed to help our customers pay for
unexpected out-of-pocket costs when diagnosed with a critical illness.
The plan pays the customer directly, so they can decide how they need to
use the benefit whether it’s for paying their deductible or medical
debt, affording extra recovery time or any other unexpected expenses
associated with being ill.”
In 2009 in the U.S., 242,000 patients underwent a total of 416,000
coronary artery bypass procedures1 and the National Cancer
Institute estimates that nearly 12 million Americans with a history of
cancer were alive in January 2008.2 “Statistics show that
advances in treating critical illnesses such as cancer, heart attack and
strokes has greatly improved outcomes, but the financial strain on a
patient and his or her family as a result of this illness is significant
and can even impact the patient's recovery,” explains David Chambers,
Divisional Vice-President, Sales & Marketing. “When people feel
established in terms of having a job, house and maybe children, they
don’t want to chance sacrificing all of that with the financial toll
unexpected medical costs can take on a family budget. Cash Advantage
Critical Illness offers them a sense of security knowing they will have
extra cash to help provide for their needs should they be diagnosed with
one of the critical illnesses covered in this plan.”
To explore the full suite of Cigna's Individual and Family Plans
available by state visit: http://www.cigna.com/individualsandfamilies/health-insurance-plans-states.
To learn more about Cash Advantage Critical Illness please visit http://www.loyalamerican.com/SupplementalHealth/CashAdvantageCriticalIllness.aspx
About Cigna
Cigna Corporation (NYSE: CI) is a global health service company
dedicated to helping people improve their health, well-being and sense
of security. All products and services are provided by or through
operating subsidiaries of Cigna Corporation, including Connecticut
General Life Insurance Company, Cigna Health and Life Insurance Company,
Life Insurance Company of North America and Cigna Life Insurance Company
of New York. Such products and services include an integrated suite of
health services, such as medical, dental, behavioral health, pharmacy,
vision, supplemental benefits, and other related products including
group life, accident and disability insurance. Cigna maintains sales
capability in 30 countries and jurisdictions, and has approximately 78
million customer relationships throughout the world. To learn more about
Cigna®, including links to follow us on Facebook or Twitter, visit www.cigna.com.
1 Circulation Journal of the American Heart Association,
Heart Disease and Stroke Statistics-2012 Update, page e59.
2 American Cancer Society, Cancer Facts & Figures 2012, Page 1
