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Cigna and Oscar Announce New Plans to Provide More Affordable Coverage to Connecticut Small Businesses

April 23, 2021 / Anurag Khadkikar
SHARESHARESHARE

Cigna, a global health care services provider, and Oscar Health, Inc., the first health insurance company based on The COVID-19 pandemic has had a significant effect on small businesses across the world, especially in Connecticut. According to a survey from Opportunity Insights, a Harvard University-based research institute, more than one-third (37%) of Connecticut small businesses have been forced to close since the outbreak began. According to a Cigna + Oscar survey, 88% of small businesses expect to support their employees' health in the future, and 66% believe that health care is more important to incorporate into their budgets than it was before the coronavirus outbreak. the full stack technology platform, announced today that Cigna + Oscar1 small business health insurance will be available to Connecticut employees beginning July 1, 2021.

Connecticut small businesses with between one and 50 employees2 will have access to unique services driven by the combination of Cigna’s provider relationships and Oscar’s consumer-centric, tech-driven approach to customer service and care navigation, including:

Expected monthly savings for businesses and their employees.

o Range of plan options across price points to meet the needs of every employee.

o Behavioral health benefits to help keep teams productive and healthy.

Local and nationwide networks of quality doctors, hospitals, and specialists.

o Healthy minds and bodies: Access to Cigna's behavioral health network for mental health resources and step-tracking rewards.

o Cigna Open Access Plus network, a national network of quality, cost-effective providers.

o 24/7 virtual urgent care to support employees wherever they are, at $0 cost.

Affordable and easy-to-access pharmacy services.

o $3 co-pays on the most commonly prescribed prescriptions.

o Express Scripts pharmacists, nurses, and specialty drug experts.
Dedicated care team experts to help employees understand their benefits, find nearby care and get the most value out of their plan.

Cigna and Oscar will share the risk equally under a reinsurance agreement for solutions offered through this strategic partnership and plan to expand the partnership over time.

About Cigna

Cigna Corporation is a global health services organization committed to enhancing the health, well-being, and peace of mind of those they represent. Via advanced capabilities and embedded, customized innovations that advance whole-person wellness, Cigna provides choice, predictability, reliability, and access to quality care. Both products and services are offered solely by or by Cigna Corporation operating divisions, Evernorth companies or their affiliates, and Express Scripts companies or their affiliates. An integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits, and other associated products, is one example of such products and services. Cigna has distribution capacity in over 30 countries and territories and over 175 million client connections worldwide.

About Oscar Health, Inc.

Oscar Health, Inc. is the first health care organization built on a full-stack technology platform with an unwavering commitment to supporting its members. Their goal at Oscar is to make a healthy lifestyle available and affordable to all.

Oscar, headquartered in New York City, has been testing the status quo of the healthcare sector since its inception in 2012. As of January 31, 2021, the company's member-first strategy and creative approach to treatment had won the confidence of nearly 529,000 Americans across 291 counties. Individual & Family, Small Group, and Medicare Advantage programs are available.