Cigna Group (C1IC34)

Overview

The Cigna Group, previously known as Cigna Corporation until its name change in February 2023, operates as a comprehensive provider of insurance and related services across the United States. Founded in 1792 and based in Bloomfield, Connecticut, the company extends its offerings through its subsidiaries, catering to a broad spectrum of needs in the insurance sector. Through a network of insurance brokers and consultants, direct dealings with employers, unions, groups, individuals, and via private and public exchanges, The Cigna Group ensures a wide-reaching distribution of its products and services. Its operations are distinguished into various segments, focusing on coordinated health services through Evernorth Health Services, and an array of insurance products via Cigna Healthcare, encompassing both national and international markets.

Products and Services

• Evernorth Health Services

Includes a variety of health services aimed at offering both coordinated and single-point solutions. Services encompass pharmacy benefits, home delivery pharmacy services, specialty pharmacy, distribution, and intricate care delivery and management solutions. These offerings are extended to health plans, employers, government organizations, and health care providers, aiming to streamline health service provision and improve patient care.

• Cigna Healthcare

Provides a comprehensive range of medical and health-related products and services. These include medical, pharmacy, and behavioral health services, dental products, and more, tailored for both insured and self-insured clients. Additional offerings cover Medicare Advantage, Medicare Supplement, and Medicare Part D plans focused on seniors, alongside individual health insurance plans. The segment further caters to international markets, offering health care benefits suited for mobile individuals and employees of multinational companies, ensuring coverage across a global landscape. Finally, permanent insurance contracts are available for corporations looking to insure certain employees, thereby financing future benefit obligations.