Selecting these links will take you away from to another website, which may be a non-Cigna website. This website is not intended for residents of New Mexico. For availability, costs and complete details of coverage, contact a licensed agent or Cigna sales representative. LINA and NYLGICNY are not affiliates of Cigna.Īll insurance policies and group benefit plans contain exclusions and limitations. The Cigna name, logo, and other Cigna marks are owned by Cigna Intellectual Property, Inc. Accidental Injury, Critical Illness, and Hospital Care plans or insurance policies are distributed exclusively by or through operating subsidiaries of Cigna Corporation, are administered by Cigna Health and Life Insurance Company, and are insured by either (i) Cigna Health and Life Insurance Company (Bloomfield, CT) (ii) Life Insurance Company of North America (“LINA”) (Philadelphia, PA) or (iii) New York Life Group Insurance Company of NY (“NYLGICNY”) (New York, NY), formerly known as Cigna Life Insurance Company of New York. That insure or administer group HMO, dental HMO, and other products or services in your state). Group health insurance and health benefit plans are insured or administered by CHLIC, Connecticut General Life Insurance Company (CGLIC), or their affiliates (see Individual and family medical and dental insurance plans are insured by Cigna Health and Life Insurance Company (CHLIC), Cigna HealthCare of Arizona, Inc., Cigna HealthCare of Illinois, Inc., Cigna HealthCare of Georgia, Inc., Cigna HealthCare of North Carolina, Inc., Cigna HealthCare of South Carolina, Inc., and Cigna HealthCare of Texas, Inc. “On the headwinds side, they really just reiterated what they have talked about before as far as Medicare pressure, which is a topic that has been well covered by all the insurers,” James said.Find an in-network doctor, dentist, or facility nĪetna’s commentary was more positive than that of UnitedHealth or WellPoint and thereby limited share losses despite the earnings miss, Wedbush Securities analyst Sarah James said. government-subsidized individual insurance made next year’s results hard to predict. In conference calls with investors, UnitedHealth warned of the effects of government funding cuts to private Medicare on its 2014 business, and WellPoint said that uncertainty around the technology troubled rollout of U.S. UnitedHealth shares gained while WellPoint, Cigna Corp and Humana Inc all fell slightly. The news followed disappointing financial reports during the past two weeks from competitors UnitedHealth Group Inc and WellPoint Inc, both of which drove down shares across the insurance sector.Īetna shares, which were up more than 36 percent this year, fell about 2 percent on Tuesday to $60.61. He also sees growth in Medicare Advantage slowing in 2014 because of the government cuts. Combined the two companies have plans on 17 exchanges.īertolini said he was committed to operating earnings growth in 2014, but was uncertain about the company’s ability to pass on to customers new taxes and fees related to the health reform law. It attributed the moves to its May acquisition of Medicaid and Medicare specialist Coventry. “We continue to believe these emerging retail marketplaces can be succesful over the long term,” Bertolini said.Īetna cut its exchange footprint in the summer, pulling out of Maryland, New York and New Jersey among other states. are running their own exchanges, some of which have also had online issues.Īetna said that it does not expect its individual business to grow in 2014 from 2013 but could after that. 1 but these tech issues have prevented many people from signing up on the federal marketplace for 36 states. Health insurance exchanges created under President Barack Obama’s healthcare reform law opened on Oct. Oct 29 (Reuters) - Aetna Inc on Tuesday missed analysts’ expectations for third-quarter profit and said 2014 would be challenging because of the uncertain costs of the health reform law and cuts in government funding for private Medicare plans.Īetna Chief Executive Mark Bertolini said that the state-based individual health insurance exchanges are struggling with widely reported technology problems and the effect on 2014 enrollment is yet to be seen.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |