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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.

Medicare Payment Advisory Commission (MedPAC)

A panel that makes recommendations about Medicare payment policy to Congress. The panel composes two annual reports to Congress with their findings.