Business
AMA Insurance selects Cigna for Part D
NEWS IN BRIEF — Posted May 1, 2006
The AMA Insurance Agency has partnered with Cigna to market a Medicare Part D prescription drug plan to Medicare-eligible physicians and their spouses.
In choosing Cigna, the AMA Insurance Agency, a wholly owned subsidiary of the AMA, said Cigna's plan is not a sponsored program of the AMA but was selected among several carriers with a national scope, and its open formulary, which provides the best chance that a prescription will be covered, was key to its selection.
The selection of Cigna is not an exclusive one. The AMA Insurance Agency said it would not rule out offering an additional provider option to accommodate physicians.
The AMA Insurance Agency has about 25,000 seniors and spouses who currently are participating in one of the AMA-sponsored Medicare Supplement plans.
Cigna said partnering with the AMA Insurance Agency furthers their goal of growing the Medicare prescription drug business, which was formed in May 2005 when Cigna partnered with Sunrise, Fla.-based NationsHealth, a provider of medical products and prescription discount services to Medicare patients.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2006/05/01/bibf0501.htm.
