allowable retiree costs
Defined in 1 dictionary — U.S. Code
United States Code
42 U.S.C. § 1395W — under this section
The term “allowable retiree costs” means, with respect to gross covered prescription drug costs under a qualified retiree prescription drug plan by a plan sponsor, the part of such costs that are actually paid (net of discounts, chargebacks, and average percentage rebates) by the sponsor or by or on behalf of a qualifying covered retiree under the plan.