UnitedHealthcare announced Monday that it will launch a new plan in the weeks following the first round of the federal stimulus plan.
The plan is the culmination of months of negotiations between the U.S. Centers for Medicare and Medicaid Services and UnitedHealth, a unit of UnitedHealth Group, the largest health insurer in the U, which will begin taking bids for about 40,000 Medicare Advantage plans.
The goal is to have the first-ever Medicare Advantage plan available to people in about one-third of Medicare Advantage members by March 1.
The company says it will spend $7 billion to provide Medicare Advantage enrollees with an average of 20 free meals a week.
The company also announced a new stimulus package for its community plans, which are designed to help people who don’t qualify for Medicare but don’t have coverage in other ways, and also offers subsidies to help them pay their premiums and deductibles.
The program will also provide $6 billion to improve coverage for low-income workers.