Medicare Prescription Drug Benefit
/ˈmɛdɪˌkɛər prɪˈskrɪpʃən drʌɡ ˈbɛnɪfɪt/
Definitions
- (n.) A federally administered program under Medicare providing prescription drug coverage to eligible beneficiaries.
The Medicare Prescription Drug Benefit helps reduce out-of-pocket costs for medications.
Forms
- medicare prescription drug benefit
Related terms
See also
Commentary
Often referenced as Medicare Part D, this benefit is established by the Medicare Modernization Act of 2003 to expand Medicare coverage specifically to prescription drugs.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.