Cigna and Oscar Health have announced they will exit the Small Group market in California and other states as of December 15, 2024. Cigna + Oscar exited the Covered California Affordable Care Act marketplace in 2023.
Current groups with Cigna + Oscar coverage will be allowed to renew early (for coverage effective 12/1/2024) if they want to maintain coverage throughout most of 2025. Groups will need to provide notice 60 days in advance (by 10/1/2024). Groups renewed with an early renewal date of 12/15/2024 will terminate on 12/14/2025.
Quoting for Cigna + Oscar from now through the end of year will need to be though the Oscar website – not through Word & Brown (or another general agency). If you do not already have an Oscar account, you can create one using the same link. The last date for Small Groups to purchase or renew Cigna + Oscar plans is December 15, 2024.
Cigna + Oscar members can continue to utilize their benefits through the end of their coverage period.
This Cigna + Oscar market exit impacts Small Group coverage sold through Word & Brown and other general agencies. If you are a registered broker, you can expect to receive further information directly from Word & Brown.
If you want to consider alternatives for your current clients with Cigna + Oscar coverage, contact your Word & Brown rep.