Filed Under:Markets, Employee Benefits

Cigna delays exchange plan subsidy access

(U.S. Geological Service photo)
(U.S. Geological Service photo)

Cigna Corp. is tapping the brakes on brokers selling subsidized exchange coverage through their broker portal.

The Centers for Medicare & Medicaid Services is changing the system it uses to calculate Patient Protection and Affordable Care Act premium tax credit subsidies, and Cigna says it wants to make sure CMS has completed testing before it starts selling subsidized coverage.

Cigna says brokers should be able to start submitting subsidized coverage applications next month.

Cigna made the announcement earlier this week in an e-mail sent to exchange brokers. Several brokers have posted copies of the notice. At press time, a copy was available here.

Cigna told exchange brokers they can still sell nonsubsidized 2014 plans, and they can provide quotes for any 2014 Cigna plan.

Cigna is selling individual and family exchange plans in just five states – Arizona, Colorado, Florida, Tennessee and Texas.

A company spokesman said consumers can use the premium tax credit to enroll directly through the exchanges’ own enrollment systems. He had no exchange enrollment figures but said the company has reported receiving applications through the system.

See also:

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 This material may not be published, broadcast, rewritten, or redistributed.

Featured Video

Most Recent Videos

Behind the scenes with Vicki Gunvalson [VIDEO]


In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI


Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's


An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Protesters Disrupt WellPoint Annual Meeting


Hecklers call for more disclosures of information about political contributions.

Related resources

More Resources


Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.