Cigna (NYSE:CI) announced today the company has established a private
retail exchange, offering employers a new benefit marketplace and
employees more options and convenience for health improvement. Cigna's
private exchange is currently available to smaller employers in Atlanta,
Dallas, Washington, D.C. metro area, and San Francisco, and will be
expanded to other markets and larger employer groups throughout 2014.
“Cigna’s goal is to offer a full range of plan choices to employers, and
employees and their families as they become more actively involved in
their health and benefit choices,” said Dave Guilmette, president,
global employer segment for Cigna.
With Cigna’s new offering, employees have access to user-friendly
“health care benefit plan decision support tools” to shop for and enroll
in the plans that best meet their unique needs. For employers, the
exchange offers a benefits administration platform that allows them to
provide their employees with a broader choice of plan options, while
simplifying employers’ administrative responsibilities and controlling
benefit costs. In addition, Cigna's brokers can also benefit from this
easy, turnkey private exchange solution.
Cigna’s private exchange is supported by the company’s award
winning services, such as 24/7 live customer service, industry
leading online tools and an extensive national physician network.
The suite of products available to employees includes medical, pharmacy,
dental, vision, life/accident and disability plans.
“Entering into the private exchange marketplace extends Cigna's strategy
to give our customers more options to select a plan that meets their
needs, including fully integrated products and services designed to
improve their health and get the most from their health care dollars,”
said Guilmette.
In addition to this proprietary solution, Cigna is actively
participating in a number of private exchanges administered by benefit
consultants and brokerage firms that target active employees (including
fully insured and self-insured models), and retirees. The private
exchange “marketplace” expands Cigna's portfolio of cost-competitive
solutions for employers and their employees and retirees.
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 exclusively 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 80 million customer relationships
throughout the world. To learn more about Cigna®, including links to
follow us on Facebook or Twitter, visit Cigna.com.
Copyright Business Wire 2014