HCSC Acquires Cigna's MA and Supplemental Benefits Business

Health Care Service Corporation (HCSC) has signed a definitive agreement to acquire Cigna's Medicare Advantage, Supplemental Benefits, Medicare Part D, and CareAllies businesses. Subject to regulatory approvals and other customary closing conditions, the transaction is expected to close in the first quarter of 2025.

Cigna's Medicare businesses and HCSC remain separate companies until closing. For the 2025 plan year, Medicare plans will continue to be offered and sold under each company's respective brand(s). Cigna and HCSC will continue to evaluate integration beyond the 2025 timeline.

Since the transaction is expected to close in 2025, there will be no changes to Medicare Advantage plan benefits or premiums in plan year 2025 for either company (Medicare Supplement plans will follow state filings). HCSC and Cigna members will remain enrolled in and covered by their existing HCSC/Cigna plan upon the close of the transaction in 2025 for the duration of the 2025 plan year.

The Group Retiree Business will remain business as usual and your HCSC and Cigna representatives respectively will be in contact with you along the way for all of the exciting changes this brings to the market, for you and your clients.

Both Cigna and HCSC are committed to a smooth transition and ensuring the continuity of service for our valued broker partners as well as continuity of service and access to care for our customers following the close.