Cigna enters agreement with Humana to purchase Medicare Advantage plans in Texas, Arkansas

Published on June 28, 2012 at 1:05 AM · No Comments

Cigna (NYSE: CI) today announced that it has come to an agreement with Humana to purchase select Medicare Advantage plans in Texas and Arkansas. The plans in the three markets - Amarillo, Longview-Marshall and Texarkana - are part of a previously announced government-stipulated divestiture for Humana to complete its acquisition of Arcadian Health.

Effective January 1, 2013, the approximately 3,500 Humana or Arcadian members impacted by the divestiture will join more than one million customers who access HealthSpring's physician engagement model that works collaboratively with doctors to provide access to high quality, coordinated care that is focused on prevention and total body wellness.

"We welcome our new customers to our talented team of doctors and staff that have proudly served our customers for over a decade," HealthSpring President Herb Fritch said. "At HealthSpring, we dedicate significant resources to meet the individual needs of each and every one of our customers and we look forward to delivering our service to more Texas and Arkansas seniors."

As a leading health plan in the United States focused on Medicare Advantage, HealthSpring has developed an innovative approach that bridges the gap faced by many Medicare beneficiaries and ensures customers receive all the traditional benefits of Original Medicare and much more at an affordable price. Cigna and HealthSpring are working collaboratively with Arcadian and Humana to ensure a seamless transition for affected customers.

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