Once a company’s patent on a brand-name prescription drug has expired, other drug companies are allowed to sell the same drug under a generic label. Generic drugs are less expensive, despite containing the same active ingredients as their brand-name counterparts, and most prescription and health plans reward clients for choosing generic drugs, as out-of-pocket costs tend to be lowest for generic drugs, and higher for brand-name drugs.
Home > Glossary > generic drug
generic drug
What is a generic drug?
About our health insurance quote forms and phone lines
We do not sell insurance products, but this form will connect you with partners of healthinsurance.org who do sell insurance products. You may submit your information through this form, or call 1-800-516-2241 1-800-501-4030 to speak directly with licensed enrollers who will provide advice specific to your situation. Read about your data and privacy.
The mission of healthinsurance.org and its editorial team is to provide information and resources that help American consumers make informed choices about buying and keeping health coverage. We are nationally recognized experts on the Affordable Care Act (ACA) and state health insurance exchanges/marketplaces. Learn more about us.
If you have questions or comments on this service, please contact us.