BLOOMFIELD, Conn., and EAST WINDSOR, N.J., March 23, 2005 /PRNewswire/ -- CIGNA HealthCare and CareGain announced today that CIGNA HealthCare has successfully implemented CareGain’s Defined-Care(R) Platform for consumer directed health plan design and administration as part of the launch of its next generation of CIGNA Choice Fund(SM) Health Reimbursement Arrangement (HRA) plans, which became effective on January 1, 2005. In conjunction with this milestone, CIGNA HealthCare said it will continue to use the technology created by CareGain to further customize and enhance CIGNA Choice Fund HRA product designs. CIGNA HealthCare has approximately one hundred thousand members in its Choice Fund consumer directed health plans.
“Our CIGNA Choice Fund plans have been well-received in the marketplace because they offer a significant level of design flexibility, including the ability to set up multiple funds and provide incentives to employees to better manage their health,” said Tom Richards, senior vice president of product for CIGNA HealthCare. “Our technology platform has enabled this flexibility and we look forward to making ongoing enhancements to our offerings that meet evolving marketplace needs.”
CareGain’s Defined-Care(R) Platform is a comprehensive software technology that provides health plans great flexibility in the design and administration of HRA, FSA and HSA plans. Using this fully integrated platform, health plans can increase operational efficiency, lower costs and speed to market with competitive plan designs for the consumer directed healthcare market. CareGain first contracted with CIGNA in February 2004 and, under an aggressive timeline, delivered and successfully launched the platform, now supporting the CIGNA Choice Fund HRA and FSA membership.
“The scope of CIGNA’s enrollment is a milestone for CareGain and the consumer directed healthcare industry,” said Dr. Amit Gupta, President, CareGain Inc. “We’ve demonstrated the ability to deliver a flexible choice platform that contributed to the success of the product launch and to CIGNA HealthCare’s growing enrollment in consumer directed health care plans.”
About CIGNA HealthCare
CIGNA HealthCare, headquartered in Bloomfield, Connecticut, provides medical benefits plans, dental coverage, behavioral health coverage, pharmacy benefits, and products and services that integrate and analyze information to support consumerism and health management. “CIGNA HealthCare” refers to various operating subsidiaries of CIGNA Corporation. Products and services are provided by these operating subsidiaries and not by CIGNA Corporation.
About CareGain
CareGain enables health plans to flexibly, rapidly and cost-effectively create and administer consumer directed health plans, while leveraging their own internal systems and infrastructure. Their platform enables many plan designs through the use of multiple account structures. CareGain, founded in
2001, is a privately held company based in East Windsor, NJ, and is a Solutions Partner of America’s Health Insurance Plans (AHIP).
CIGNA HealthCare
Contact: CareGain: Russell LaMontagne, +1-212-255-5340; or CIGNAHealthCare: Amy Turkington, +1-860-226-3489
Web site: http://www.cigna.com/
Company News On-Call: http://www.prnewswire.com/comp/165050.html