BLOOMFIELD, Conn. and
NEW YORK, Jan. 13, 2020 /PRNewswire/ -- Cigna, a
leading global health service company, and Oscar, a tech-driven
health insurance company, today announced an exclusive partnership
to jointly provide commercial health solutions to small
businesses.
"Small businesses are the backbone of the American economy and
through this partnership, we can take a disciplined approach to
offering differentiated health care solutions that help small
businesses save money, expand network and product choice and keep
employees healthy," said Julie
McCarter, Vice President of Product Solutions at Cigna.
The American economy is driven by small businesses, which
account for more than 40% of net job creation in 2018. It is
a highly dynamic space with more than 500,000 new companies started
every month. Small group health plans serve approximately 15
million people in the U.S. today and those offering comprehensive
health plans give businesses a competitive advantage in hiring and
attracting top talent.
"Together, we are giving small business owners an affordable,
simple-to-use option that makes it easier for their employees to
get appropriate care quickly and stay healthy," said Joel Klein, Chief Policy and Strategy Officer at
Oscar. "Cigna + Oscar will give these business owners and their
employees consumer-centric health care coverage and physician
networks that provide personalized care."
The companies will provide affordable, seamless, fully insured
health benefits under the Cigna + Oscar brand to the small group
market. Services will include:
- Integrated medical, behavioral, and pharmacy services
- Broad access to high-performing networks of doctors and
hospitals
- Support from a dedicated concierge team assigned to individual
members to help them understand their benefits and find care
- Digital-first support, featuring 24/7 telemedicine at no
charge, easy ID card access, an overview of copay details and
benefits, deductible tracking, lab results and individual health
history
- Easy-to-use search tools to help review health care providers,
book appointments, find facilities and check prescriptions
- Leading broker, business and provider portals for seamless
enrollment and management
Cigna and Oscar plan to share risk equally under a reinsurance
agreement for solutions offered through this strategic
partnership. Pending regulatory approvals, the companies will
launch in select markets in 2020 and plan to expand the partnership
over time.
About Cigna
Cigna Corporation (NYSE: CI) is a global
health service company dedicated to improving the health,
well-being and peace of mind of those we serve. Cigna delivers
choice, predictability, affordability and access to quality care
through integrated capabilities and connected, personalized
solutions that advance whole person health. All products and
services are provided exclusively by or through operating
subsidiaries of Cigna Corporation, including Cigna Health and Life
Insurance Company, Cigna Life Insurance Company of New York, Connecticut General Life Insurance
Company, Express Scripts companies or their affiliates, and Life
Insurance Company of North
America. Such products and services include an integrated
suite of health services, such as medical, dental, behavioral
health, pharmacy, vision, supplemental benefits, and other related
products including group life, accident and disability
insurance.
Cigna maintains sales capability in over 30 countries and
jurisdictions, and has more than 165 million customer relationships
throughout the world. To learn more about Cigna®,
including links to follow us on Facebook or Twitter, visit
www.cigna.com.
About Oscar
Oscar is the first health insurance company built to make health
care easy. Headquartered in New York
City, Oscar has been challenging the health care system's
status quo since our founding in 2012, developing seamless
technology and providing personalized support to help our members
navigate their health care. Oscar was the first insurer to offer
free, 24/7 telemedicine to members and to integrate direct
scheduling with providers through our app.
Oscar plans also include access to a network of first-rate
physicians and hospitals, as well as a personalized Concierge team
that supports members every step of the way, from finding a doctor
to navigating costs. Oscar is known for our easy-to-use digital
tools, including a website and mobile app that let members view
their health history, speak directly with their Concierge team, and
access their account information.
All products and services are provided exclusively by or through
operating subsidiaries of Mulberry Health Inc., including Oscar
Insurance Company and its affiliates. Say hi or learn more at
https://www.hioscar.com or follow us at
https://twitter.com/OscarHealth.
Media Contacts
Ellie
Polack, Cigna
Elinor.Polack@cigna.com
Ph. 860.269.9224
Jackie Kahn, Oscar
JKahn@hioscar.com
Ph. 202.538.0128
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SOURCE Cigna