eligible fallback entity

Defined in 1 dictionary — U.S. Code

United States Code

42 U.S.C. § 1395W — for purposes of this section (9 versions over time)

For purposes of this section, the term “eligible fallback entity” means, with respect to all fallback service areas in a PDP region for a contract period, an entity that—

(A) meets the requirements to be a PDP sponsor (or would meet such requirements but for the fact that the entity is not a risk-bearing entity); and

(B) does not submit a bid under subsection (b) for any prescription drug plan for any PDP region for the first year of such contract period.