The good life group of health insurance companies that offer high-deductible health plans is expected to get another $500 per month in additional funding.
The $500 bump will go toward helping them meet the requirements of the Affordable Care Act’s expansion of coverage to more people with preexisting conditions.
Good Life is one of the companies that got the extra money.
CEO Celeste Goodyear said in a statement the company was “delighted” by the support and the $500.
The company is already working with the Health Department to expand coverage for people with pre-existing conditions.
The Health Department has not yet announced how much of the $50 billion the Trump administration has announced will go to the expansion of health coverage for preexistent conditions.
In a statement, Goodyear called it a “good first step.”
But the Health and Human Services Department said it is reviewing how the $5 billion it has already allocated for the expansion will be spent and will make a determination in the coming months.
“We will ensure that we are spending the funds wisely and that we protect Americans from the harms of the expansion,” said a HHS spokesperson.
“As the president has repeatedly said, our priority is to keep families healthy, protect them from the costs of health care, and ensure access to quality, affordable care.”