Cigna Launching Health Tracking Via Fitness Devices
Cigna, which announced earnings this month, will use the fitness data to connect participants to relevant programs.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Delivered daily
Kiplinger Today
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more delivered daily. Smart money moves start here.
Sent five days a week
Kiplinger A Step Ahead
Get practical help to make better financial decisions in your everyday life, from spending to savings on top deals.
Delivered daily
Kiplinger Closing Bell
Get today's biggest financial and investing headlines delivered to your inbox every day the U.S. stock market is open.
Sent twice a week
Kiplinger Adviser Intel
Financial pros across the country share best practices and fresh tactics to preserve and grow your wealth.
Delivered weekly
Kiplinger Tax Tips
Trim your federal and state tax bills with practical tax-planning and tax-cutting strategies.
Sent twice a week
Kiplinger Retirement Tips
Your twice-a-week guide to planning and enjoying a financially secure and richly rewarding retirement
Sent bimonthly.
Kiplinger Adviser Angle
Insights for advisers, wealth managers and other financial professionals.
Sent twice a week
Kiplinger Investing Weekly
Your twice-a-week roundup of promising stocks, funds, companies and industries you should consider, ones you should avoid, and why.
Sent weekly for six weeks
Kiplinger Invest for Retirement
Your step-by-step six-part series on how to invest for retirement, from devising a successful strategy to exactly which investments to choose.
Cigna Healthcare plans to launch a new feature on its MyCigna benefits platform next year that allows users to track their mental, physical and social health progress by connecting to compatible fitness devices.
The company, the health benefits division of Cigna Group, said it is linking with artificial intelligence-based technology provider Virgin Pulse to provide the service. Plans call for an initial roll out on Jan. 1, 2024 for certain Cigna customers who receive coverage through their employers. The company said it plans to expand the service over time.
Under the plan, participants will be able to use Apple Watches or other compatible fitness devices to log daily metrics such as their weight, time slept and minutes exercised. They will also be able to share their activity with anyone who uses the platform.
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
MyCigna can use participants’ logged data, preferences and claims experiences to connect them to other relevant programs available through their Cigna Healthcare benefits, such as pre-diabetes management or behavioral health services, Cigna said.
"Digital health programs improve health outcomes and enhance vitality for individuals and their communities," said Heather Dlugolenski, senior vice president, commercial strategy and solutions at Cigna Healthcare.
Health care unit helped boost Cigna's 2Q sales
On Aug. 3, Cigna Group reported second-quarter adjusted sales of $48.6 billion, up 7% from the same year-ago period. The company said the increase reflects strong contributions from its Cigna Healthcare and Evernorth Health Services, its other health services unit, which partially offset the absence of revenues from businesses it divested. These included the sale of life, accident and supplemental benefits businesses in six countries to Chubb INA Holdings in July 2022.
Cigna Healthcare’s adjusted revenue for the quarter rose 12% to $12.7 billion over the same period last year. Both customer growth and premium rate hikes accounted for some of the uptick, Cigna said.
Cigna Group reported a net income slide in the quarter to $1.46 billion, compared with $1.56 billion in second-quarter 2022, which the company attributed to the absence of income from those divested businesses.
The news follows the launches last April of Copay Assurance plan and ClearCareRx, under Evernorth’s pharmacy benefits manager Express Scripts.
The Copay Assurance plan aims to lower the out-of-pocket costs for customers for prescription drugs under a client’s prescription drug benefit, Cigna said. Under the program, customers will pay no more than $5 for generics and specialty generics, $25 for preferred brand drugs, and $45 for preferred specialty brand drugs when they fill a prescription, the company said.
Features of the ClearCareRx program include allowing employer, health plan and government employer customers to pay what Express Scripts pays pharmacies for a prescription, and allowing them to receive 100% of drug rebates that Express Scripts obtains by negotiating with pharmaceutical companies.
Related Content
-
Stocks Sink With Alphabet, Bitcoin: Stock Market TodayA dismal round of jobs data did little to lift sentiment on Thursday.
-
Betting on Super Bowl 2026? New IRS Tax Changes Could Cost YouTaxable Income When Super Bowl LX hype fades, some fans may be surprised to learn that sports betting tax rules have shifted.
-
How Much It Costs to Host a Super Bowl Party in 2026Hosting a Super Bowl party in 2026 could cost you. Here's a breakdown of food, drink and entertainment costs — plus ways to save.
