Benefits April 7, 2004

Ceridian Acquires CIGNA's COBRA Business

April 7, 2004 (PLANSPONSOR.com) - Managed human resource solutions provider Ceridian has acquired CIGNA HealthCare's COBRA and retiree administration business.

Reported by

Eric Hazard

Under the terms of the agreement, Ceridian will provide COBRA administration services as well as retiree billing services to current CIGNA customers. Ceridian will take over these functions following an unspecified transition period, according to a news release.

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Speaking to the reason for the acquisition in the release, Ceridian Human Resource Solutions President said Robert “Bo” H. Ewald said Ceridian saw this as an opportunity to build the company’s COBRA administration experience.

Terms of the acquisition were not divulged.

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Products April 6, 2004

Cigna Policies to Cover HIV

June 28, 2002 (PLANSPONSOR.com) - Employees of companies that buy their medical insurance from Cigna Corp. may soon be covered if they contract the HIV virus in a workplace accident.

Reported by

Fred Schneyer

The added coverage will be free, a Cigna spokesperson told a Dow Jones reporter.

In a press release, Cigna said the benefit is designed primarily for health-care employees such as hospital emergency room staffers or emergency medical technicians whose jobs pose a higher-than-normal risk of illness due to accident.

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Beneficiaries of the extended coverage now will be able to take care of some of the costs associated with HIV and AIDS, including special home accommodations, exercise, food regimens, and housekeeping services, CIGNA said.

According to the company, each year doctors, nurses, lab technicians, housekeepers and janitors in hospitals and medical facilities across the country sustain 800,000 to 1 million needlesticks, resulting in up to 5,000 new cases of HIV or one of the hepatitis strains as a result of these accidents.