By Michael Dabaie

 

Cigna Corp. shares were up 7% to $172.90 in midday trading.

The health service company said it is waiving customer cost-sharing and co-payments for Covid-19 treatment through May 31. The treatments that Cigna will cover for Covid-19 are those covered under Medicare or other applicable state regulations.

The company said it will reimburse health care providers at Cigna's in-network rates or Medicare rates. The policy applies to customers in the U.S. who are covered under Cigna's employer/union sponsored insured group health plans, insured plans for U.S.-based globally mobile individuals, Medicare Advantage and Individual and Family Plans.

Cigna said it will also administer the waiver to self-insured group health plans.

Cigna said it will deploy hundreds of on-staff clinicians, including physicians and nurse practitioners, to join the team of health care professionals at MDLIVE, a telehealth company and Cigna network partner.

Health insurance services company Humana also said Monday it is waiving consumer costs for treatment related to Covid-19 covered services.

Humana was up 6% to $313.74 in midday trading.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

March 30, 2020 12:27 ET (16:27 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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