Standardized bid amount defined
For purposes of this subsection, the term “standardized bid amount” means the following:
(A) Prescription drug plans
(A)Prescription drug plans#
(i) Basic coverage In the case of a prescription drug plan that provides basic prescription drug coverage, the PDP approved bid (as defined in paragraph (6)).
(ii) Supplemental coverage In the case of a prescription drug plan that provides supplemental prescription drug coverage, the portion of the PDP approved bid that is attributable to basic prescription drug coverage.
(A)(i)Basic coverage#
In the case of a prescription drug plan that provides basic prescription drug coverage, the PDP approved bid (as defined in paragraph (6)).
(A)(ii)Supplemental coverage#
In the case of a prescription drug plan that provides supplemental prescription drug coverage, the portion of the PDP approved bid that is attributable to basic prescription drug coverage.
(B)MA–PD plans#
In the case of an MA–PD plan, the portion of the accepted bid amount that is attributable to basic prescription drug coverage.