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December 02, 2010 at 07:00 PM
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.
