Cigna is a global health service company dedicated to helping people improve their health, well-being and sense of security. Cigna's roots trace back more than 200 years, but they became the company you know today in 1982 with the merger of INA Corporation and Connecticut General Corporation.
Cigna has sales capability in 30 countries and jurisdictions, and more than 95 million customer relationships throughout the world.
There are many subsidiaries of Cigna Corporation that offer a variety of health insurance and related products to customers around the world. Here are a few you're sure to become familiar with as a senior market agent:
Cigna-HealthSpring: Cigna-HealthSpring currently owns and operates Medicare Advantage plans in Alabama, Arkansas, Delaware, Florida, Georgia, Illinois, Indiana, Maryland, Mississippi, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, and Washington, D.C. as well as a national stand-alone prescription drug plan.
Cigna Health and Life Insurance Company (CHLIC): Cigna Medicare Supplemental Insurance is insured by Cigna Health and Life Insurance Company, American Retirement Life Insurance Company, or Loyal American Life Insurance Company.
American Retirement Life Insurance Company (ARLIC): Cigna Medicare Supplemental Insurance is insured by Cigna Health and Life Insurance Company, American Retirement Life Insurance Company, or Loyal American Life Insurance Company.
The Cigna ARLIC and CHLIC Medicare Supplement products boast the same great features:
A.M. Best rating: American Retirement Life Ins. Co. (CHLIC) is A (Excellent)
A.M. Best rating: American Retirement Life Ins. Co. (ARLIC) is A- (Excellent)
Cigna National (CNHIC) is launching in Indiana June 15, 2020 with more states to follow.
With popular extra benefits such as OTC benefits and low or $0 monthly premiums, Cigna is an MA carrier every agent should have.
A major benefit of the Cigna plan is that it covers skin cancers, which other carriers do not. In addition, Cigna offers a Combo app in most states, which makes the sell a breeze, especially when paired with a Cigna Med Supp.
Cigna-HealthSpring offers 3 PDP plans that are tailored for the needs of different individuals.
Cigna-HealthSpring Rx Secure plan is designed for Medicare members who get Extra Help or need basic protection to reduce the cost of their medications. This plan has low premiums and a standard deductible.
Cigna-HealthSpring Rx Secure-Essential plan is designed for Medicare members who want great value and generic cost savings, but don’t need a lot of coverage. This plan has very low premiums, attractive copays, and no deductible for many generic drugs.
Cigna-HealthSpring Rx Secure-Extra plan is designed for Medicare members who need a very high level of cost protection. This plan has a large drug list, gap coverage for Tier 1 & Tier 2 drugs, and a deductible that applies only for Tier 4 & Tier 5 drugs.