Health insurer Cigna will stop offering its small-group health plans through the Connecticut Business and Industry Association insurance exchange, The Hartford Courant reports.
The decision, along with the departure of Health Net last year, will cut the variety of health plans offered to 6,000 small businesses that buy insurance through the CBIA roughly in half.
Cigna spokesman Joe Mondy said they decided to withdraw from the CBIA insurance exchange because it could no longer remain competitive.
“We are not able to be competitive as part of the association program,” Mondy said.
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The CBIA health plans have a total of about 80,000 members who were offered about 48 different plans by four separate insurers earlier this year.
