BLOOMFIELD, Conn., March 1, 2005 /PRNewswire-FirstCall/ -- CIGNA HealthCare today announced that it is expanding the availability of its consumer-driven CIGNA Choice Fund(SM) Health Savings Account (HSA) plans to businesses with 51-200 employees in Tennessee. The CIGNA Choice Fund HSA had previously been available only to employers with more than 200 employees. CIGNA is offering the expanded availability now for plans that take effect on or after May 1, 2005.
“Employers in this market segment have told us they want the flexibility, savings, integration and consumer-focused approaches that our HSA offers,” said John Sorrow, President and General Manager of CIGNA HealthCare in Tennessee. “We look forward to working with brokers and consultants to provide employers with this new option as they’re selecting their benefit offerings for the coming benefit year.”
The CIGNA Choice Fund HSA combines a tax-advantaged savings account with a high-deductible health plan and financial management features, such as a debit card and checkbook from JPMorgan Chase, all in an integrated benefits plan. In addition to the financial offerings of JPMorgan Chase, the plan includes a broad array of consumer decision support tools that encourage and help consumers to make informed decisions about their health care, help them track account balances online and help them plan for future health care needs. CIGNA HealthCare’s extensive provider network and medical management programs are also key features of the plan.
Sorrow said that consumer driven health plans, such as the CIGNA Choice Fund HSA, can help employers manage costs by encouraging employees to be more engaged in their health care decisions. To introduce these new plans to employees, CIGNA HealthCare offers communication and enrollment assistance to help employees learn about their benefit choices and get the most out of their health plan.
CIGNA HealthCare, headquartered in Bloomfield, Connecticut, provides medical benefits through managed care and indemnity health care plans, dental coverage, behavioral health coverage, and pharmacy benefits. “CIGNA” or “CIGNA HealthCare” refers to various operating subsidiaries of CIGNA Corporation . Products and services are provided by these operating subsidiaries and not by CIGNA Corporation.
CIGNA HealthCare
Contact: Patricia Caballero, CIGNA, +1-201-533-5028,Patricia.Caballero@cigna.com
Web site: http://www.cigna.com/
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