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And dropping PPOs appears to be a nationwide trend, says Lisa Reid, director of life and health at the state Office of the Superintendent of Insurance.

“My plan would take a number of steps to ease the burden of medical expenses and protect health care consumers”. To benefit the most from an HSA you may need an insurance plan with a high deductible.

The Fort Worth-based company owns US Airways and is folding that carrier into American on October 17. Shares of Cigna fell 4.6 percent to $147.30. This represents a 50 percent premium over StanCorp’s share price as of the close of business on Thursday.

If you’ve been trying to decide between a health insurance policy from Anthem or Cigna, you can stop worrying about it. Anthem is buying Cigna for $54 billion.

Earlier this month, the Connecticut-based Aetna purchased Humana. That helped cover up a 5 percent decline in revenue. Seven analysts surveyed by Zacks expected $10.93 billion.