Why does my insurance company charge different copay amounts for different prescriptions?
Insurance companies will charge different copay amounts based on the kind of medicine that is being dispensed. Some companies have their own formulary. A formulary is a list of that particular insurance company’s preferred medications. Many insurance companies even have three different levels of copays depending on which drug from their formulary you are taking. The lowest, or least expensive, copay is usually for generic drugs. The second level, or the medium priced copay is for brand name drugs that usually do not have an equivalent generic available. The most expensive copay, is for drugs that your insurance company would like to discourage you from taking – usually due to their expense. TOP OF PAGE My company changed our insurance. They sent me a brochure and your drugstore isn’t listed. What does that mean? If Pike’s Pharmacy is not listed on your insurance company’s brochure, don’t worry. It is too expensive and time consuming for most insurance companies to list every drugstore
