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Products January 10, 2007
CIGNA Offers HSAs to Small Businesses
CIGNA HealthCare announced it is offering the availability of health savings accounts (HSAs) through JPMorgan Chase to employers with fewer than 50 employees.
Reported by Rebecca Moore
According to the announcement, the offering combines an HSA with a high-deductible health plan and financial management features, such as a debit card and checkbook from JPMorgan Chase. Members will be able to access their accounts with JPMorgan Chase through a link available on CIGNA’s personal Web portal at mycigna.com.
Members will have access to service teams at both JPMorgan Chase and CIGNA HealthCare, and to CIGNA’s consumer decision support tools that help consumers make informed decisions about their health care, track account balances online and, plan for future health care needs.
Members also will be able to use CIGNA’s medical management programs, providing members access to clinical resources for managing chronic conditions and accessing preventive care, the announcement said.
The expanded offering is now available to HSA-qualified plans that took effect on or after January 1, 2007 in Arizona, North Carolina, and South Carolina. The offering will be available to employers in Connecticut, California, New Hampshire, New Jersey, and New York during the first quarter of 2007.