Cigna is an insurance company formed in 1982 when two insurance companies (Connecticut General Life Insurance Company and the Insurance Company of North America) merged. Cigna sells a variety of insurance products and in 2011 acquired HealthSpring Inc. in order to jumpstart its Medicare business. The company does business in 30 countries and serves over 70 million customers around the world. Cigna’s health insurance plans are offered both on private as well as public (federally-facilitated and state) exchanges.
Medicare Insurance Products from Cigna
Cigna sells Medicare Advantage and Medicare Rx (Part D) plans but does not offer Medicare supplement (Medigap) plans.
Cigna Medicare Advantage health plans offer medical and drug coverage and some plans only cover medical services. Cigna Medicare Advantage plans are offered in the following states only1:
- North Carolina
- South Carolina
Additionally, Cigna Medicare Advantage plans are not available in all areas in an aforementioned state. For residents of Maricopa County, Arizona and certain zip codes in Pinal County, Arizona, Cigna offers a $0 premium Medicare Select Plus Rx plan (MAPD).
Cigna offers three types of Medicare PDP plans that are available nationwide. These plans cover over 5,300 medications with a network of over 62,000 pharmacies including 15,300 preferred pharmacies which offer lower prices. Preferred pharmacies include CVS, HEB, Kroger, Safeway, & Walmart. Additionally, enrollees are offered a home delivery service as well as discounts and coupons in certain states for services and products such as vision exams, eyewear, hearing exams, and hearing aids. If you receive Extra Help from Medicare, then your copay is reduced at both preferred and non-preferred pharmacies in many cases. However the $0 copay for tier 1 drugs at a preferred pharmacy would be less than the Extra Help copay2.
2014 Cigna Medicare Rx® Plans:
- Secure – $310 deductible, $0 for tier 1 drugs purchased at preferred pharmacies, plan covers 75% of tier 5 drug costs, during coverage gap you pay about 47.5% for brand-name drugs and 72% for generic drugs
- Secure-Xtra – $0 deductible, $0 for tier 1 drugs purchased at preferred pharmacies, plan covers 67% of tier 5 drug costs, during coverage gap you pay about 47.5% for brand-name drugs and 72% for generic drugs
- Secure-Max – $0 deductible, $0 for tier 1 drugs purchased at preferred pharmacies, plan covers 67% of tier 5 drug costs, during coverage gap tier 1 and 2 drugs are covered and some tier 3 and 4 drugs are covered
All Cigna Medicare PDP Plans include catastrophic coverage. If your out-of-pocket costs for Part D drugs reach $4,550 you pay whichever is higher, 5% of covered drug costs or $2.55 for generic drugs and $6.35 for all other drugs. You can refer to this document for premium, copay, and coinsurance rates in your specific state and compare Cigna Medicare products with other similar offerings in your area using our Medicare plan comparison tool.