What is a formulary?
- The formularies must include at least one drug in every United States Pharmacopeia (USP) category and class, OR the same number of drugs in each USP category and class as the state’s benchmark plan.
- And starting in 2017, the formulary creation must also be guided by the recommendations of a pharmacy and therapeutics committee.
Prescription discount plans are NOT insurance plans. Discount plans are offered by drug manufacturers, drug stores and membership organizations like AARP.
10 essential benefits are now standard on all new individual and small-group health plans. What do they mean for you?
Understanding prescription drug plans (PDPs) and Medicare advantage prescription drug plans (MAPDs)
Sweeping health reform legislation delivered a long list of provisions focused on health insurance affordability, consumer protections.