What is a formulary?

Answer Prescription drug plans specify which generic and brand-name medications they will cover, for what conditions and at what price with drug lists called formularies. Plans develop their own formulari... Read More »

Top Q&A For: What is a formulary

What is a hospital formulary?

A hospital formulary is a compilation of the most common drug treatments used by a particular hospital and hospital pharmacy. This reference book is also called the AHFS-DI (American Hospital Formu... Read More »

What Is An Open Formulary?

An open formulary is a plan provided by health insurance companies that provides consumers with coverage for subsidies on prescription drugs that normally would not be covered under a closed formul... Read More »

What is a non-formulary brand?

Health insurance plans that cover prescriptions refer to non-formulary brands. If you have a prescription for one of these drugs, you may have to pay a higher co-payment or your doctor may need to ... Read More »

What is a closed formulary?

Formulary benefits refer to a list of prescription drugs that are covered by a health plan. An open formulary means all prescription drugs on the list are covered, while a closed formulary means on... Read More »