Skip to content
Subscriber Only

Cigna Can’t Sign Up New Medicare Customers Due to U.S. Probe

  • Insurer working to resolve sanctions announced in January
  • Shares fall less than 1 percent in trading on Tuesday
Updated on

Health insurer Cigna Corp. won’t be able to sign up new customers for its private Medicare plans during the fall enrollment season this year because of an investigation by U.S. regulators.

The Centers for Medicare and Medicaid Services said in January that it found “widespread and systemic failures” in Cigna’s private Medicare business. On Tuesday, the Bloomfield, Connecticut-based insurer said in a regulatory filing that it probably can’t fix the problems in time for the enrollment season for private health insurance and drug coverage plans, which starts next month.