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Medicare Beneficiary Drug Rebate

Under the Affordable Care Act, a one-time, tax-free $250 rebate offered to eligible Medicare beneficiaries who surpass Part D prescription drug coverage limits - an area colloquially referred to as the "donut hole". The rebate serves to assist Medicare enrollees with limited incomes to afford the medications they need.

Managed Care Organization (MCO)

Organizations that provide managed care but have different business models. The organizations are also made up of a variety of physicians, hospitals and other providers.