The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
On February 4, 2013, Cigna will begin sales of its new Medicare Supplement Plans insured by American Retirement Life Insurance Company.
According to a release, the program will be marketed and administered through Cigna's Supplemental Benefits division in Austin, Texas. The new Medigap plans have been filed for approval with the states and are already approved in AL, IA, NM, OK & SD. Medicare Supplement plans help America's seniors cover some of their health care costs, including deductibles and coinsurance payments, not covered by Medicare Part A or Part B.
"Traditional Medicare includes cost sharing and benefit limitations that can result in significant and unlimited out-of- pocket expenses. Medicare Supplement plans are designed to assist seniors in covering those unexpected costs and provide stability in their out of pocket health care expenses. These new plans are competitively priced and policyholders, applicants and distribution partners should also expect the same first class level of service they have enjoyed with our companies for many years," said Brad Wolfram, Divisional President, Cigna Supplemental Benefits.
Cigna Supplemental Benefits offers an array of supplemental health products to help protect working age and senior marketplace consumers.
Cigna Corp. is a health service company dedicated to helping people improve their health, well-being and sense of security.
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