Formularies

Term · Insurance and risk management · MLC-T-INS-001573

A list of prescription drugs covered by a health insurance plan, categorized by their cost-sharing tier. These lists are developed by pharmacy benefit managers or health plans to manage drug costs and encourage the use of generic or preferred brand-name medications. Patients typically pay lower co-payments or co-insurance for drugs on preferred tiers.

Table 1. Record
Identifier	MLC-T-INS-001573
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001573",
  "term": "Formularies",
  "field": "Insurance and risk management",
  "definition": "A list of prescription drugs covered by a health insurance plan, categorized by their cost-sharing tier. These lists are developed by pharmacy benefit managers or health plans to manage drug costs and encourage the use of generic or preferred brand-name medications. Patients typically pay lower co-payments or co-insurance for drugs on preferred tiers.",
  "url": "https://mlchart.com/terminology/insurance/formularies/"
}

Record 1,472 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.