CIGNA Healthcare Moves Down Market

April 14, 2006 ( - CIGNA Healthcare is moving into the small employer market, making its Choice Fund Health Reimbursement Arrangement available in 13 states to smaller employers, according to a Business Insurance report.

The product, previously available only to employers with 200 or more employees, will now be open to employers with between 51 and 200 employees in Arizona, Colorado, Connecticut, Florida, Maine, New Hampshire, New Jersey, New York, North Carolina, South Carolina, Tennessee, Texas and Vermont whose health plan years start June 1, CIGNA said.

The move is the latest by the Bloomfield, Connecticut-based insurer to expand the availability of its products and services to smaller employers, the report said.