PHILADELPHIA, Feb. 15, 2007 /PRNewswire-FirstCall/ -- Retirees living
outside their home countries now have access to a new CIGNA International
Expatriate Benefits (CIEB) global program for retirees and their eligible
dependents. The program provides primary medical, dental, and vision
benefits for covered individuals in the United States and abroad whose
employers are CIEB clients.
"Employers have been asking for a retiree program. There is a growing
demand for private benefits plans as more retirees choose to live abroad,"
said Glenn Maykish, vice president - Sales. "CIEB is happy to be able to
accommodate this market demand as we continue to introduce innovative
solutions to the international benefits arena."
In the United States, the Medicare program generally does not provide
coverage for beneficiaries living overseas. Social security programs of
other countries frequently provide limited or no coverage for beneficiaries
who reside outside of their home countries.
Under the new program, CIEB clients that have purchased a medical
policy for their expatriate workforce on assignment outside their home
countries can elect to extend benefits to their retiree population. Retiree
benefits are typically modeled on the benefits available under the group's
expatriate policy. Retiree coverage is not available to companies without a
current expatriate benefits policy.
About CIGNA International Expatriate Benefits
CIEB is a leading provider of international benefits for expatriates,
business travelers, and now, retirees abroad. A business unit of CIGNA
International, CIEB provides coverage for expatriates in more than 170
countries and jurisdictions around the world. As one of the first
expatriate benefit carriers on the international scene more than 27 years
ago, CIEB offers experience and multinational presence to meet the daily
challenges that international employers, employees and their families face.
About CIGNA
As a Business of Caring, CIGNA (NYSE: CI) provides employers with
benefits, expertise and services that improve the health, well-being and
productivity of their employees. With approximately 47 million covered
lives in the United States and around the world, CIGNA's operating
subsidiaries offer a full portfolio of medical, dental, behavioral health,
pharmacy and vision care benefits and group life, accident and disability
insurance.
SOURCE CIGNA International
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Related links:
http://www.cigna.com
http://www.prnewswire.com/comp/165050.html /
CONTACT:
Gloria Barone, CIGNA, +1-215-761-4758,
Gloria.barone@cigna.com
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