What is a drug formulary?
A formulary is a list of effective, affordable and commonly prescribed medications, comprised of brand name and generic drugs. Your plan may feature a formulary to encourage members to use quality, more affordable prescription medications. If the plan does include a formulary, the member may pay a lower copayment when the independently contracted physician prescribes formulary drugs. Some plans may limit coverage to drugs on the formulary. The complete drug formulary is usually quite long and technical. UniCare distributes a Formulary Selection Guide that lists commonly prescribed drugs on the formulary. Members who wish to keep their out-of-pocket costs at a minimum should share this guide with their independently contracted physicians and encourage them to prescribe generic or formulary brand name drugs (if no generic version exists) whenever possible. This is only a brief summary of the plan. Please refer to the certificate of coverage for more complete details about the plan includ
Many plans or policies establish a list of prescription drugs, which the plan considers medically appropriate and cost effective. The plan will provide coverage for only those prescription drugs named in the list. However, your doctor may present medical evidence to the insurer to obtain an exception that will allow coverage for a prescription drug not routinely covered by the plan.
A formulary is a list of effective, affordable and commonly prescribed medications, comprised of brand name and generic drugs. Your plan may feature a formulary to encourage you to use quality, affordable prescription medications that are proven to be effective. If your plan does include a formulary, the member may pay a lower copayment when your physician prescribes formulary drugs. Some pharmacy plans may limit coverage to drugs on the formulary. The complete drug formulary is usually quite long and technical. UNICARE distributes a Formulary Selection Guide that lists the most commonly prescribed drugs on the formulary. Members who wish to keep their out-of-pocket costs at a minimum should share this guide with their physicians and encourage them to prescribe generic or formulary brand name drugs (if no generic version exists) whenever possible.
A formulary is a list of effective, affordable and commonly prescribed medications, comprised of brand name and generic drugs. Your plan may feature a formulary to encourage members to use quality, affordable prescription medications. If the plan does include a formulary, the member may pay a lower copayment when the independently contracted physician prescribes formulary drugs. Some plans may limit coverage to drugs on the formulary. The complete drug formulary is usually quite long and technical. UNICARE distributes a Formulary Selection Guide that lists the most commonly prescribed drugs on the formulary. Members can share this guide with their physicians and encourage them to prescribe generic or formulary brand name drugs (if no generic version exists) whenever possible.
