qualified prescription drug coverage

Defined in 1 place of the United States Code.

For purposes of this part and part C of this subchapter, the term “qualified prescription drug coverage” means either of the following:

(A) Standard prescription drug coverage (as defined in subsection (b) of this section) and access to negotiated prices under subsection (d) of this section.

(B) Coverage of covered part D drugs which meets the alternative prescription drug coverage requirements of subsection (c) of this section and access to negotiated prices under subsection (d) of this section, but only if the benefit design of such coverage is approved by the Secretary, as provided under subsection (c) of this section.

Source

2013–2016 42 U.S.C. § 1395WThe Public Health and Welfare · Prescription drug benefits · for purposes of this part

For purposes of this part and part C of this subchapter, the term "qualified prescription drug coverage" means either of the following:

(A) Standard prescription drug coverage with access to negotiated prices

Standard prescription drug coverage (as defined in subsection (b) of this section) and access to negotiated prices under subsection (d) of this section.

(B) Alternative prescription drug coverage with at least actuarially equivalent benefits and access to negotiated prices

Coverage of covered part D drugs which meets the alternative prescription drug coverage requirements of subsection (c) of this section and access to negotiated prices under subsection (d) of this section, but only if the benefit design of such coverage is approved by the Secretary, as provided under subsection (c) of this section.

Source

2003–2014 42 U.S.C. § 1395WThe Public Health and Welfare · Prescription drug benefits · for purposes of this part

For purposes of this part and part C, the term “qualified prescription drug coverage” means either of the following:

(A) Standard prescription drug coverage (as defined in subsection (b)) and access to negotiated prices under subsection (d).

(B) Coverage of covered part D drugs which meets the alternative prescription drug coverage requirements of subsection (c) and access to negotiated prices under subsection (d), but only if the benefit design of such coverage is approved by the Secretary, as provided under subsection (c).

Source

2016–present 42 U.S.C. § 1395WThe Public Health and Welfare · Prescription drug benefits · for purposes of this part

For purposes of this part and part C, the term "qualified prescription drug coverage" means either of the following:

(A) Standard prescription drug coverage with access to negotiated prices

Standard prescription drug coverage (as defined in subsection (b)) and access to negotiated prices under subsection (d).

(B) Alternative prescription drug coverage with at least actuarially equivalent benefits and access to negotiated prices

Coverage of covered part D drugs which meets the alternative prescription drug coverage requirements of subsection (c) and access to negotiated prices under subsection (d), but only if the benefit design of such coverage is approved by the Secretary, as provided under subsection (c).

Source

2016–2025 42 U.S.C. § 1395WThe Public Health and Welfare · Prescription drug benefits · for purposes of this part