MA monthly basic beneficiary premium
Defined in 1 place of the United States Code.
The term "MA monthly basic beneficiary premium" means, with respect to an MA plan—
(i) described in section 1395w–23(a)(1)(B)(i) of this title (relating to plans providing rebates), zero; or
(ii) described in section 1395w–23(a)(1)(B)(ii) of this title, the amount (if any) by which the unadjusted MA statutory non-drug monthly bid amount (as defined in subparagraph (E)) exceeds the applicable unadjusted MA area-specific non-drug monthly benchmark amount (as defined in section 1395w–23(j) of this title).
Source
- 2005–present42 U.S.C. § 1395WThe Public Health and Welfare · Premiums and bid amounts · for purposes of this part