HSC Blue Cross completes Cigna acquisition

[Millwood]

It's official.

 

[Bevo]

"Cigna supplemental benefits", means Med supps or not?

 

[margostl]

Yes, MedSupps.

 

[Chazm]

So, this is just in OK?

 

[somarco]

Cigna's Medicare plans currently serve 3.6 million Medicare members, with nearly 600,000 in Medicare Advantage plans, more than 450,000 on Medicare Supplement plans and 2.5 million with Medicare Part D. CareAllies — which serves approximately 450,000 patients — is focused on driving the transition to physician value-based care by partnering with providers to form independent physician associations and accountable care organizations, as well as providing management services to support value-based care arrangements.

HCSC Agrees to Acquire Medicare Businesses and CareAllies from Cigna

HCSC has signed a definitive agreement with The Cigna Group to acquire its Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses. The acquisition will benefit HCSC’s current and future members by enhancing the company’s capabilities and reach, particularly...

www.hcsc.com

All Medicare lines across the country.

 

[Sam]

It's official.

Can you share the link to the FAQ mentioned in the screenshot?

 

[wyche1]

It is Nationwide, the screenshot is what agents contracted in Oklahoma received. I received the same email from BCBS of OK & TX. HCSC owns BCBS of TX, IL, OK, NM & MT. HCSC is going to expand from 5 states to 50 states for Medicare products, I expect it to be a mess. I am not sure what to expect in 2026 regarding CIGNA vs BCBS products, HCSC does a good job of keeping brokers in the loop.

 

[somarco]

HCSC is going to expand from 5 states to 50 states for Medicare products,

Are they expanding as a BX carrier or other name? BCBSA is the national association. At one time the association rules established geographic areas where each entity could operate.

NY has Excellus, Empire and Highmark and my understanding is each plan has a territory limited by county where they can operate. I think CA, TN and VA have a similar set up.

 

[Anthony Haney]

wyche1 - HCSC - Similar to somarco, so HS+CSC is going national, like UHC & Aetna? The carriers currently will work together but they are not a national company each state has their own Blue Cross, Blue Shield, Anthem carrier. I have not seen anything where HSCS was going to expand to all states. How is that going to affect their other lines of coverage?

 

[Richard-PDIS]

I'm in IL and word from my HCSC contacts is that their 5 state BCBS MA/PD+Supp business will fold into Cigna management, while maintaining their U65 dominance in the existing 5 states separately. The name Cigna must eventually be changed bc CIGNA still has other lines of business besides Medicare. HCSC cannot operate their new Medicare expansion, in other than their existing 5 states, under the name BCBS because of territorial licensing restrictions. // I'm wondering if they will sell off entire states to the other Blues who want to strengthen their own MAPD/Supp business?