Definitions for "Prescription Drug Plan" Add To Word List
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A "stand-alone" Medicare drug plan offered through a private insurance company that only offers prescription drug benefits for people with Medicare.
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(PDP) (Stand-alone drug plans under Part D)
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also PDP – a plan that offers the outpatient prescription drug benefit to beneficiaries who choose to remain in the original Medicare program.
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Part D prescription drug coverage that is offered to beneficiaries enrolled in Medicare fee-for-service by a plan sponsor under a contract with CMS. A PDP sponsor may offer more than one prescription drug plan.
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A CMS -approved plan that provides outpatient prescription drug coverage to beneficiaries of Original (fee -for -service) Medicare (i.e., Parts A and B).
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Medicare Part D plan that only offers drug coverage. Also known as a "stand-alone" plan.
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A private insurance plan that offers coverage for prescription drugs under Medicare, also known as a Medicare prescription drug plan.
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