Cigna reported that it is launching its proprietary private retail exchange in new markets and expanding in others.
Cigna said its private retail exchange is available to Cigna clients and prospective clients across all of Cigna’s U.S. markets starting September 1. The suite of products available through the private exchange includes a variety of medical, pharmacy, dental, vision, life/accident and disability plans.
“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 and Private Exchanges. “There is a growing interest among employers in private exchange options, and Cigna is meeting this marketplace need.”
According to a release from the company, with Cigna’s new offering, employees can access online, interactive shopping tools to get a personalized recommendation for benefits for themselves and their families. For employers, the exchange offers a benefits administration platform that enables them to provide employees with more choice of plan designs and enables defined contribution funding.
Cigna’s private exchange includes 24/7 live customer service for medical and dental customers, Cigna’s network of physicians and hospitals and integrated health and wellness programs, and is available with both fully-insured and self-funded health benefit plans.
Cigna is a global health service company.
Date: August 20, 2014