What is a drug formulary (Also known as a Prescribing Guide)?
A formulary is a list of preferred drugs. These drugs have been proven to be more effective based on safety, efficacy and clinical outcomes. The New West three-tier pharmacy benefit riders include a drug formulary. Members pay the lowest copayment (tier 1) for generic drugs, a higher copayment (tier 2) for brand name drugs without generic equivalents and the highest copayment (tier 3) for brand name drugs not included on the formulary and for those formulary drugs that have a generic available (indicated in bold text ).
