Forbes August 2, 2019
Cigna will expand its Medicare Advantage health plan offerings to seniors in dozens of new counties next year in what is quickly becoming a competitive business for health insurance giants.
For now, Cigna offers largely individual health maintenance organization (HMO) plans in 260 counties spread across 16 states. But the insurer plans to enter 37 new counties with such HMO offerings for what executives said will be a 14% increase in the company’s Medicare Advantage footprint, pending regulatory approvals.
“We see tremendous growth opportunity in MA, starting in 2020,” Cigna chief executive David Cordani told analysts Thursday on the company’s second quarter earnings call.
Cigna is broadening its offerings as well with less restrictive preferred provider organization (PPO) products. While...
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