Meaning Initial coverage limit
What does Initial coverage limit mean? Here you find 3 meanings of the word Initial coverage limit. You can also add a definition of Initial coverage limit yourself
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Initial coverage limitOnce you've met your yearly deductible, you'll pay a copayment or coinsurance for each covered drug until you reach your plan's out-of-pocket maximum (or initial coverage limit [..]
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Initial coverage limitYour plan's out-of-pocket maximum, which you reach after you have paid your yearly deductible, copayment, or coinsurance for each covered drug. Then, you will enter your plan's coverage gap (also called the "donut hole").
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Initial coverage limitThis 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 ma [..]
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