Allegiance Benefit Plan Management

Allegiance Benefit Plan Management is a U.S. healthcare benefits administration company focused on self-funded employer health plans rather than drug development. The company develops and administers employee benefit plans for employers, associations, and government agencies, offering third-party administration, claims administration, provider network access, reimbursement accounts, COBRA services, and care management. Originally founded in 1981 as Intermountain Administrators, it adopted the Allegiance Benefit Plan Management name in 2003. In 2008, it became part of Cigna through Connecticut General Life Insurance Company and continues to operate as an active subsidiary serving plan sponsors and members nationwide. For a biotech analyst, this is best categorized as a commercial healthcare services and benefits administration business, not a therapeutic-product biotech or pharma company.