Cigna HealthCare in Bloomfield, Conn., and JPMorgan Treasury Services said they have agreed to jointly market a health savings account combining health-care and financial management features.
The agreement adds financial transaction capabilities to the Cigna Choice Fund Health Savings Account, which is available now for employer plans taking effect next Jan. 1, the companies said on Thursday. The product will blend Cigna's strengths in benefit plan design, network and medical management, and consumer decision support with JPMorgan's financial management expertise, they said.
In addition to the financial and investment offerings of JPMorgan, the Cigna Choice Fund HSA includes a large provider network and medical management programs that promote preventive care, help members manage chronic conditions, and help coordinate care for members with immediate health problems.
JPMorgan Treasury Services is a unit of JPMorgan Chase Bank, the lead subsidiary of J.P. Morgan Chase & Co., which is a $1.1 trillion-asset global financial services firm.
