- Cigna is increasing its Reasonably priced Care Act market presence subsequent yr, somewhat over every week since President Joe Biden signed a regulation extending subsidies for protection and subsequently creating extra stability within the exchanges.
- Cigna well being plans will likely be accessible on the person exchanges in three new states — Texas, Indiana and South Carolina — and 50 new counties within the present markets of Georgia, Mississippi and North Carolina in 2023, the payer stated Monday.
- Cigna is increasing into geographic areas the place it has robust supplier partnerships, with a majority of anchor suppliers in value-based preparations, the corporate advised Healthcare Dive.
Pending regulatory approvals, Cigna will subsequent yr provide particular person and household plans on the ACA exchanges in 363 counties spanning 16 states. The brand new markets have the potential to achieve roughly 730,000 extra clients, the Connecticut-based payer stated.
Well being insurers have been racing to ramp up their ACA choices as enrollment within the exchanges swells, spurred by monetary incentives, COVID-19 particular enrollment intervals and financial uncertainty destabilizing job-based protection. A report 14.5 million Individuals signed up for ACA plans for 2022, the best quantity for the reason that regulation was signed 12 years in the past.
As well as, the Inflation Discount Act handed earlier this month extends subsidies for tens of millions of Individuals within the exchanges. Passage of the $740 billion, Democrat-backed bundle is nice information for sufferers who purchase protection within the exchanges, but additionally for the well being insurers that promote it, as extending the premium help ought to end in much less churn on rolls and extra secure revenues.
Quite a lot of payers together with Cigna, UnitedHealthcare and CVS expanded their ACA footprints for protection for 2022.
And earlier this month, CVS introduced it deliberate to develop its ACA footprint to 4 new states in 2023, a yr after its payer enterprise Aetna stated it might return to the exchanges after exiting them in 2017.
Cigna’s new plan options embody entry to a digital major care community by way of MDLive, a telehealth supplier acquired by Cigna’s well being companies arm Evernorth final spring. Plans even have $0 to $3 co-pays for most well-liked generic medicines and entry to a program that caps insulin prices at $25 monthly.