Tag: Cigna

Siegel+Gale releases new insurance industry survey

Nordstrom
Insurance industry is confusing for consumers

Complexity of insurance industry noted in new Siegel+Gale survey Insurance can be a complicated matter. While many insurers offer coverage that is somewhat straightforward in concept, the language used in policies can be profoundly confusing, even for those well versed in insurance legalese. Insurance policies are often worded in a particular manner so as to limit legal liability. While this protects the insurance industry from rampant and excessive lawsuits, it also ensures that many policies can only be deciphered by a lawyer. This is a real problem for consumers, according to…

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Aon Hewitt introduces new corporate health insurance exchange

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Group Health Insurance Exchanges

Aon Hewitt provides alternative to state-run and federal health insurance exchanges Health insurance exchanges are on their way, thanks to the Affordable Care Act, but many of the country’s small and mid-sized businesses are still concerned for what these systems could mean for them. Health insurance exchanges are designed primarily with consumers in mind, not businesses. As such, many of the concerns some businesses are having concerning the changing landscape of health insurance go unaddressed. Aon Hewitt, the human resources and health benefits consultancy division of the Aon Corporation, has…

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Former health insurance executive calls for health care reform

S.Vagus

The Affordable Care Act has made its way to the U.S. Supreme Court, making the fate of federal health care reform unknown. The subject of reform has been on steeped in controversy for more than two years. Opponents of the reform claim that the law is unconstitutional, while its supporters say that changes are needed to ensure the continued stability of the country. Like politicians, the insurance industry has been divided on the issue. Unlike politicians, however, the industry is keenly tuned to what changes need to be made to…

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California insurance commissioner issues report card for PPO

The California Department of Insurance has released the quality of care report card by insurance commissioner Dave Jones, called the “2012 Preferred Provider Organization (PPO)”. According to Jones, this report is a useful resource which provides consumers with a larger amount of practical data about the quality of the care they can expect to receive, so that they are better able to make decisions that will meet their healthcare requirements. He added that “I want to encourage all Californians to take a look at the findings of the PPO report…

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New acquisition of Cigna by FirstAssist Insurance Services

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As travel has increased by 8 percent, Cigna has seized the opportunity to provide its customers with additional protection against unexpected emergencies while they travel, such as urgent medical situations by acquiring FirstAssist. This acquisition will give a boost to the global footprint made by Cigna International and will grow its affinity partner relationships as it increases the strong distribution expertise and product offered by FirstAssist. FirstAssist Insurance Services was purchased by the Cigna global health services company from Barclays Private Equity. FirstAssist had appeal to Cigna as it is…

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Indiana to lose five different health insurers

Nordstrom

Five individual health insurance companies, including two of the largest in the country, have chosen to stop selling their policies in Indiana, leading the Indiana Department of Insurance to ask that certain elements of the reform law of 2010 be phased in. The third and fifth largest health insurance companies in the United States, Aetna Inc., from Hartford, and Cigna Corp., from Philadelphia, have decided that they will no longer be taking part in the market for individual health insurance in Indiana. Moreover, American Community Mutual Insurance Co., from Michigan,…

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Medicare is just not enough for senior citizens

With most U.S. senior citizens carrying Medicare the well used system has its pitfalls, leaving many worrying about coverage. Democrats have recently stated that they would not allow the Republicans to cut the funding to Medicare and its beneficiaries. However, even with this possibility, Medicare just is not enough for senior citizens. Supplemental health insurance is given to many senior citizens in order to close the gap and pay less. More often than not, getting health insurance can be rather confusing, as well as expensive. Thankfully, though, there are special…

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