Definition of preferred provider organization plan
In this subparagraph, the term “preferred provider organization plan” means an MA plan that—
(I)#
has a network of providers that have agreed to a contractually specified reimbursement for covered benefits with the organization offering the plan;
(II)#
provides for reimbursement for all covered benefits regardless of whether such benefits are provided within such network of providers; and
(III)#
is offered by an organization that is not licensed or organized under State law as a health maintenance organization.