Filed Under:Markets, Employee Benefits

Cigna: Health accounts cut first-year costs

An insurer says first-year HSA enrollees are great at controlling health care bills.
An insurer says first-year HSA enrollees are great at controlling health care bills.

Cigna Corp. (NYSE:CI) says it has evidence that use of a health account plan can lead to sharp reductions in an employer's medical cost trend.

The company recently compared the claims experience of about 2.5 million employer plan enrollees who have traditional preferred provider organization (PPO) coverage, traditional health maintenance organization (HMO) coverage, or health coverage that includes either a health savings account (HSA) or a health reimbursement arrangement (HRA).

Originally published on BenefitsPro. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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