Cigna, which has been sued over its mercury coverage, may be in the midst of a transition.
The insurer will be transitioning from its current model to a brand new model that will offer more affordable insurance coverage and a stronger focus on wellness.
That shift will come on July 1, the day that Cignas new CEO will officially become the company’s newest leader.
The company will announce a new name and a new chief executive.
While the company is not saying when the change will happen, it is expected to happen this year.
The name change will not affect coverage.
The health-care overhaul was a major focus of Cignos executive team.
“It is important to reiterate that we are not leaving any stone unturned in our efforts to offer our customers the most affordable and best health coverage possible,” CEO Michael Scharf said in a statement.
“This change will provide the best coverage for Cigns members and the communities we serve.
Cigno will continue to be a leader in the health care marketplace, and we look forward to welcoming new leadership into our organization.”
Scharf also called for “an aggressive commitment to wellness” as the company seeks to maintain its status as the No. 1 health insurer in the country.
The CEO is also taking steps to change how Cignuses health plan is sold, which could be a first for a major insurer.
The change in model will also make it easier for customers to shop around for an insurance plan.
The new model will offer lower premiums and more options for consumers, according to a spokesperson for C.D. Howe & Foerster, the company that will administer the new CignacCare insurance.
C.H.O. is not disclosing details of the changes.
“Cigna’s transition to a new C.C.I.G. model will allow customers to select an insurance provider that fits their needs and budgets,” the spokesperson said in an emailed statement.