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Cigna HealthCare expands health savings accounts in Tennessee

Published in Healthcare Mergers, Acquisitions and Ventures Week, April 16th, 2005

Cigna HealthCare announced that it is expanding the availability of its consumer-driven Cigna Choice Fund Health Savings Account (HSA) plans to businesses with 51-200 employees in Tennessee.

The Cigna Choice Fund HSA had previously been available only to employers with more than 200 employees. Cigna is offering the expanded availability now for plans that take effect on or after May 1, 2005.

"Employers in this market segment have told us they want the flexibility, savings, integration and consumer-focused approaches that our HSA offers," said John Sorrow, president and General Manager of Cigna HealthCare in Tennessee. "We look forward to working with...

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