Cigna, Oscar announce strategic partnership over small businesses
Cigna and Oscar announced an exclusive partnership to jointly provide commercial health solutions to small businesses. The companies will provide affordable, seamless, fully insured health benefits under the Cigna + Oscar brand to the small group market. Services will include: Integrated medical, behavioral, and pharmacy services; Broad access to high-performing networks of doctors and hospitals; Support from a dedicated concierge team assigned to individual members to help them understand their benefits and find care; Digital-first support, featuring 24/7 telemedicine at no charge, easy ID card access, an overview of copay details and benefits, deductible tracking, lab results and individual health history; Easy-to-use search tools to help review health care providers, book appointments, find facilities and check prescriptions; Leading broker, business and provider portals for seamless enrollment and management. Cigna and Oscar plan to share risk equally under a reinsurance agreement for solutions offered through this strategic partnership. Pending regulatory approvals, the companies will launch in select markets in 2020 and plan to expand the partnership over time.