Cigna Payment Options- Find More About It

Introduction

Every Cigna commodity and action is given totally by or through operating attendants of Cigna Corporation. The Cigna title, brands, and supplementary Cigna records are possessed by Cigna Intellectual Property. Let us know more detail about ‘Cigna Payment Options’.

Cigna Payment Options

Cigna agrees with Medicare to give Medicare Advantage HMO and PPO programs and Part D Prescription Drug Plans (PDP) in preferred states, and with preferred State Medical aid policies. Registration in Cigna corporations relies on contract renewal.

If you could follow this page till the end, you will know about the Cigna Corporation, about Cigna Corporation payment options, how to enroll for the payment options, the importance of the payment options, and what to be included in the payment options.

In Cigna Corporation, there are two major Cigna payments options namely:

1. Electronic Fund Transfer (EFT)
2. Electronic Remittance Advice (ERA).

Cigna Payment Options:

Cigna payment options includes cash, credit cards, debit cards,

Cigna Corporation has two basic payment options that will help you accelerate the delivery of your payments from Cigna, make it easier to negotiate patient accounts, and many more. They are:

1. Electronic Fund Transfer(EFT)

EFT can also be calibrated directly into your bank account, direct deposit, and transfers claim fee-for-service. 

Once you enroll, you will be chanced to eliminate statement test mail delivery and treatment, improve efficiency and increase your cash flow, you will be allowed to access funds on the same day of deposit, see a diverse remittance report online for each of your deposit which will show you the deposit transaction, details about the statements proceed and the payments included in the fund’s transfer.

Also, you will be eligible to easily negotiate payment using a single remittance tracking number by requesting the payment-related information from field 3 of record 7 on the Electronic Fund Transfer report sent to you.

How To Enroll?

This is how to enroll for Cigna Corporation Electronic Fund Transfer:

• Log in to CignaforHCP.com, click on working with Cigna, click enroll in Electronic Funds Transfer (EFT) Options, and fill out the electronic enrollment form. After filling out the enrollment form, Cigna corporation will now send a pre-note agreement to your bank to validate and check if all the banking data is valid. 
• Note, If the pre-note is not sent back to Cigna corporation, you will start enjoying Electronic Fund Transfer EFT on your next payment revolution. But if the pre-note is sent back to Cigna corporation with errors, you will be contacted by Cigna corporation for original banking data.
• To check your Electronic Fund Transfer application status, Log in to CignaforHCP.com, click on working with Cigna, and click Manage EFT Settings. Here you will know your EFT application status.

The importance of Electronic Fund Transfer EFT

• It promotes saving money and helps to be friendly to the environment. 
• It helps the companies to reduce the cost of producing papers and helps individuals to reduce the cost of cleaning the environment because of the paper( receipts) from the companies and also prevent environmental pollution.
• It is very fast to transfer money to any bank account 
• It is easy to use and very simple to understand 
• It is accessible all the time both day and night. And it is not disturbed by the weather or any climatic conditions.
• It does not require budget transfer for staff, employees, or laborers and it reduces the cost of returns.
• It is very safe and secured based on the high level of its security strategy that is set in place, there is no need for customers to carry a huge amount of money that can be endangered.

Information to be included in the Electronic Fund Transfer

• Amount paid.
• Name and identification of the payee and payer.
• Bank accounts of the payee and payer.
• Routing numbers.
• Payment date

2. Electronic Remittance Advice ERA

This Cigna’s Corporation payment options ERA gives a HIPAA-compliant factual description of how Cigna Corporation attends to cases from health care providers. Electronic Remittance Advice can be automatically reserved into your accounts receivable method. 

Once you enroll for Electronic Remittance Advice ERA it will help you minimize cost and maximize cost, lessen posting alterations, and also decrease your payment cycle.

How To Enroll?

• The first thing to do if you want to enroll for the Electronic Remittance Advice is to notify your EDI Vendor that you like to join Cigna’s Corporation Electronic Remittance Advice. Then provide all the needed information as requested by the EDI Vendor.
• Note, if you have more than one Tax Identification Number, you will have to provide information for each Tax Identification Number one by one. Then after giving adequate information, the EDI Vendor will send the information to the Cigna Corporation for processing and approval.
• The information you submitted will be processed for 10 working days by Cigna Corporation and if approved, you will begin to enjoy the Cigna’s Corporation Electronic Remittance Advice on your next payment.

The importance of Electronic Remittance Advice (ERA)

• It saves time
• It is errors free
• It helps to know the already paid bills and the unpaid bills
• It is very fast, easy, and simple to understand
• Its report analyze your financial position

Information To Be Included in Electronic Remittance Advice

• Amount paid.
• Name and identification of the payee and payer.
• Bank accounts of the payee and payer.
• Routing numbers.
•  Payment date

Payment Options not Accepted by Cigna Corporations

Cigna Corporation did not accept the following payment options:

• Apple pay
• PayPal
• Ladpay
• Google pay
• One in4pay

Conclusion

As seen above, Cigna Corporation history, Cigna Corporation payment options and how to enroll for them, the meaning of the Cigna’s Corporation Electronic Fund Transfer, its advantages, what is needed in the Electronic Fund Transfer, and the Cigna’s Corporation Electronic Remittance Advice, its advantages, and the information needed in the Electronic Remittance Advice 

Frequently Asked Questions (FAQs)

• How many years of experience does Cigna have?

Cigna Corporation has 60 years of experience

• What is Cigna’s Corporation’s customer population?

The organization has over 170 million customers worldwide

• Who Is The Founder Of Cigna Corporation 

Cigna Corporation was founded by David Cordani (the chairman, president, and CEO) and Brian Evanko( CFO) in the year 1982

• What type of company is Cigna Corporation?

Cigna Corporation is a public company located in Bloomfield Connecticut, United States.