Home > Term: initial coverage limit
initial coverage limit
This is the first part of a Medicare prescription drug plan. A member pays a set amount until the member and plan payments hit a certain total. Once this limit is reached, the terms change. Members may pay more as the plan moves to the “coverage gap” phase.
- Part of Speech: noun
- Industry/Domain: Health care
- Category: General
- Company: Aetna
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- Jessehe
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