CIGNA Expands Retiree Benefit Solutions for Employers.BLOOMFIELD, Conn. -- CIGNA CIGNA CG (Connecticut General Life Insurance Company) INA (Insurance Company of North America) Senior and Retiree Services announced today a new agreement with Extend Health, Inc. to offer more choice and ease of administration to employers who provide health benefits to their retirees. This agreement couples CIGNA's industry leading health and well-being products and services for seniors with Extend Health's ease of administration and high-touch support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . This arrangement is another option in CIGNA's wide array of benefit offerings to employers who want to maintain their ability to offer health care benefits to their retirees and pre-retirees. The over-50 market represents one of the largest growth segments in health care, with 87.7 million individuals1 . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Kaiser Family Foundation The Henry J. Kaiser Family Foundation (KFF), or just Kaiser Family Foundation, is a U.S.-based non-profit, private operating foundation headquartered in Menlo Park, California. and Health Research and Educational Trust report on "Employer Health Benefits, 2007 Summary of Findings," 33 percent of firms with 200 or more employees are offering retiree benefits in 2007. "Employers and their retirees are increasingly looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. simple, affordable and easy to use coverage that helps seniors live healthier more secure lives," said Sam Srivastava, president, CIGNA Senior and Retiree Services. "In a globally competitive marketplace, ease of getting information and straightforward answers and support are essential to keeping costs predictable, which in turn helps employers continue to be able to honor their commitments to their retirees." According to Srivastava, Extend Health, like CIGNA Senior and Retiree Services, offers members a high-touch program that is simple to understand and use, and complements CIGNA's other retiree products and services. "Member and client satisfaction rates are high, which was important to us in selecting Extend Health," said Srivastava. Extend Health (www.extendhealth.com) chose CIGNA as a plan offering to their clients based on a set of criteria which included brand recognition, depth and type of product offerings, competitive pricing models, customer satisfaction rates, and the long-term potential for collaboration. "As the market-leading defined contribution program platform serving Fortune 500 companies, Extend Health is pleased to be adding CIGNA's Medicare products to the broad selection of plans available to our clients. CIGNA and Extend Health share a commitment to offering quality health coverage to seniors and CIGNA provides our customers with a familiar and trusted brand across the nation," said Bryce Williams, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Extend Health. About CIGNA CIGNA (NYSE NYSE See: New York Stock Exchange :CI) provides employers with benefits, expertise and services that improve the health, well-being and productivity of their employees. With approximately 47 million covered lives in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and around the world, CIGNA's operating subsidiaries offer a full portfolio of medical, dental, behavioral health, pharmacy and vision care benefits and group life, accident and disability insurance. Reporters may find more information at the CIGNA newsroom @ http://cigna.mediaroom.com. 1 Claritas, 2005; U.S. Census Bureau Current Population Survey, Annual Social and Economic Supplement 2004; NCHS NCHS National Center for Health Statistics NCHS Naperville Central High School (Illinois) NCHS North Central High School NCHS Natrona County High School (Wyoming) NCHS National Center for Health Services National Vital Statistics Report, 2004; U.S. Census Bureau Population Projections, 2004 |
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