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Home > Glossary > brand-name drug

brand-name drug

What is a brand-name drug?

Prescription drugs marketed with a specific brand name by the company that manufactures it, usually the company which develops and patents it. When patents run out, generic versions of many popular drugs are marketed at lower cost by other companies. Check your insurance plan to see if coverage differs between name-brand and their generic twins.

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What’s the difference between prescription discount plans and prescription drug insurance?
What’s the difference between prescription discount plans and prescription drug insurance?

Prescription discount plans are NOT insurance plans. Discount plans are offered by drug manufacturers, drug stores and membership organizations like AARP.

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Understanding prescription drug plans (PDPs) and Medicare advantage prescription drug plans (MAPDs)

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Medicare beneficiaries who are willing to do a little research – and to reach out for help – can dramatically reduce their prescription medication and coverage costs.