Cigna extended its individual healthcare exchange products for the 2020 plan year, the insurer said Sept. 18.
For 2020, individuals can purchase individual health plans in 19 markets across 10 states. The expansions will take place in counties in Kansas, South Florida, Utah, Tennessee and Virginia. The other states include Arizona, Colorado, Illinois and North Carolina.
The plans will be available for purchase on the individual marketplace during the 2020 open enrollment period, which begins Nov. 1. Plans will take effect Jan. 1.
Long-time readers know that I've repeatedly complained about how confusing and difficult it is to try and keep track of all the different divisions, branches, subsidiaries and rebrandings of various health insurance carriers. For instance, the Kansas small group market featurs "Blue Cross Blue Shield of Kansas City" and "Blue Cross Blue Shield of Kansas, Inc.", and in past years I'm pretty sure there was a third "Blue Cross Blue Shield".
In some cases there are multiple names for the same parent company. Here in Michigan, we have "Blue Cross Blue Shield of Michigan", which covers PPOs, and "Blue Care Network", which covers HMOs...but which is simply a division of BCBSM. You get the idea. Keeping track off all this can make my annual premium rate filing project (which I just wrapped up the first phase of) extremely difficult.
Thanks to Adam Cancryn for calling my attention to Molina's quarterly earnings report, which has this rather eye-opening section:
I've used Molina's Q1 2016 report, along with the Q4 2015 reports of Cigna and Humana, to further fill in the "Major Insurer" table I've been working on all this week; here's what it looks like now:
