For the 2022 plan year, Cigna will join Pennie, Pennsylvania’s state-run health insurance marketplace. Pennie, the state’s online exchange that allows consumers to take advantage of federal subsidies, covers about 330,000 Pennsylvanians.” With this addition, Pennsylvania now has eight insurers offering health coverage plans, the most the commonwealth has seen since the passage of the ACA”, said the press release.
- Filings: The payer has filed products that will provide coverage to residents of the Bucks, Chester, Delaware, Montgomery and Philadelphia counties. “With this addition, Pennsylvania now has eight insurers offering health coverage plans, the most the commonwealth has seen since the passage of the ACA,” a news release said.
- Plan options: “Pennsylvania’s strong and competitive health insurance market is in a better position than it has ever been before, and as Pennsylvanians maneuver through the aftershocks of COVID-19, the increased affordability and plan options can provide a pathway to ensuring everyone has an opportunity to get covered,” Insurance Commissioner Jessica Altman said.
- Rescue plan: The American Rescue Plan Act dramatically expanded the subsidies that are available through Pennie and other marketplaces for this year and next year. Before that law was passed, about 20% of customers on Pennie paid premiums of less than $50 a month. Now, 70% of Pennie’s customers were paying less than $50 a month as of July 28, according to Pennie.
- Health coverage: Cigna did not provide details about the plans, it will offer. “We are excited to help Pennsylvanians make informed choices about their health coverage and look forward to serving our new customers well into the future,” a company spokesperson said.
- Cigna: Cigna was founded in Philadelphia and later moved its headquarters to Bloomfield, Conn., employs 1,200 in a Center City office, but next year will be its debut here in the individual market under the ACA. As a global health service company, Cigna’s mission is to improve the health, well-being, and peace of mind of those they serve by making health care simple, affordable, and predictable.