What Is A Drug Formulary?

A drug formulary is a specific list of all prescriptions drugs covered by an insurance carrier.  These lists vary from carrier to carrier and year to year, therefore what was covered last year or by a different carrier may not be covered this year or with this company.

When receiving a new prescription it is always best to consult this list in order to understand how this drug will be covered and what its out of pocket costs will be for you. These lists can always be found on your specific insurance carrier's website or you may always contact your insurance agent to find and get help understanding your out of pocket costs.