Standard prescription drug coverage
Standard prescription drug coverage means coverage of Part D drugs that meets the requirements of 423.104(d). The term standard prescription drug coverage must be either (1) Defined standard coverage (standard prescription drug coverage that provides for cost-sharing as described in 423.104(d)(2)(i)(A) and (d)(5)(i)); or (2) Actuarially equivalent standard coverage (standard prescription drug coverage that provides for cost-sharing as described in 423.104(d)(2)(i)(B) or cost-sharing as described in 423.104(d)(5)(ii), or both).