limited risk plan
Defined in 1 place of the United States Code.
The term “limited risk plan” means a prescription drug plan that provides basic prescription drug coverage and for which the PDP sponsor includes a modification of risk level described in subparagraph (E) of subsection (b)(2) in its bid submitted for the plan under such subsection. Such term does not include a fallback prescription drug plan.
Source
- 2016–present42 U.S.C. § 1395WThe Public Health and Welfare · PDP regions; submission of bids; plan approval · in this section
The term “limited risk plan” means a prescription drug plan that provides basic prescription drug coverage and for which the PDP sponsor includes a modification of risk level described in subparagraph (E) of subsection (b)(2) of this section in its bid submitted for the plan under such subsection. Such term does not include a fallback prescription drug plan.
Source
- 2003–201642 U.S.C. § 1395WThe Public Health and Welfare · PDP regions; submission of bids; plan approval · in this section