prescription drug coverage
Pharmacy benefit plan
Prescription drug coverage is a component of health insurance that pays for medications prescribed by a doctor.
Plans vary widely in which drugs they cover (the formulary), what portion of costs the patient pays, and whether generic substitutes are required.
Does your plan include prescription drug coverage?
In the U.S., Medicare Part D specifically provides prescription drug coverage for seniors.
- copaymentPatient's fixed healthcare charge
- formularyApproved medication inventory
- generic drugsUnbranded pharmaceutical equivalents
- out-of-pocket costsExpenses you pay yourself
- coinsurancePercentage you owe
Affordable Care Act · drug patents · brand-name drugs · price negotiation · over-the-counter medications · deductible · subsidy programs · managed care · prior authorization · mail order pharmacy · premium · compounding pharmacy · insurance card · FDA approval · personalized medicine
prescription, coverage, prescribe, prescribed, prescribing, prescriber, prescriptive, prescriptions, drugged