CIGNA Corp. has agreed to help a subsidiary of Independence Holding Company market stop-loss coverage through independent benefit plan administrators that serve small and midsize employers.
CIGNA Corp. has agreed to help a subsidiary of Independence Holding Company (IHC) market stop-loss coverage through independent benefit plan administrators that serve small and midsize employers.
The Standard Security Life Insurance Company of New York unit of IHC, Stamford, Conn., will write the stop-loss coverage, according to CIGNA, Philadelphia (NYSE:CI).
CIGNA will continue to market its own stop-loss arrangements to larger employers.
CIGNA believes the recent changes in health coverage laws will encourage many smaller employers to consider self-funding, IHC says.
In other alliance news:
- Humana Inc., Louisville, Ky. (NYSE:HUM), and Lincoln National Corp., Radnor, Pa. (NYSE:LNC), say about 2,000 Humana agents will be marketing Lincoln retirement income products.
- Towers Watson & Company, New York (NYSE:TW), will be working with WageWorks Inc., San Mateo, Calif., to offer employers a package that includes general benefit plan administration services along with flexible spending account, health savings account, health reimbursement arrangement and commuter benefits administration services.
- Securian Retirement, a unit of Minnesota Life, St. Paul, will be working with 401(k) Advisors L.L.C., Wilmette, Ill., to give employers the option of transferring fiduciary responsibility for choosing and monitoring funds to 401(k) Advisors.