Cigna Payer Solutions to Market Sun Life Financial Insurance [Health & Beauty Close – Up]

The Employee Benefits Group division of the U.S. Business Group of Sun Life Financial announced a business agreement with Cigna where Sun Life Financial will market its stop-loss insurance through Cigna Payer Solutions' third party administrator relationships.

In a release, Jeff Terrill, President Cigna Emerging Markets, said, "This agreement marks another milestone for Cigna Payer Solutions. Sun Life Financial's ability to provide quality customer service in the TPA marketplace will offer significant value while managing medical costs for our customers."

"Through TPAs that participate in Cigna Payer Solutions and their expansive national network, employers have the opportunity to better manage their medical costs. TPAs and employers can rely on Sun Life Financial as one of the largest direct writers of stop-loss insurance in the United States," said Greta Cusworth, Senior Vice President and General Manager of Sun Life Financial Employee Benefits Group.

"This agreement is a natural extension of our established relationship with Cigna. Sun Life Financial is proud to continue the tradition of giving TPAs solutions that provide cost savings to customers."

Cigna Payer Solutions connects participating TPAs to a network of health care professionals and hospitals.

Now, any employer or plan sponsor that is a client of a TPA contracted with Cigna Payer Solutions will have access to Cigna's health services, combined with Sun Life Financial's stop-loss insurance.

Cigna already participates in SunResources with its LifeSOURCE Transplant Network for organ and bone marrow transplants.

Cigna will continue to sell medical stop-loss to employers that do not work with Cigna Payer Solutions' TPAs.

Cigna is a health service and financial company.

Sun Life Financial is a financial services organization.

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