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What exactly is a Prescription Drug Formulary?

What exactly is a Prescription Drug Formulary?

You may have seen or heard the word “formulary” in association with your prescription drug plan and wondered what it means. To many, the word sounds like something you might find in a math textbook, but in the world of Prescription Drugs, the word formulary represents a list of prescription drugs, both generic and brand name, which offer the greatest overall value to Plan participants. A formulary is a key part of any prescription drug plan. It is important to…

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