What is a drug formulary? A drug formulary is a list of medicines covered under a health insurance plan. A formulary may also specify tiers of medications and corresponding levels of co-pay or co-insurance. The drug formulary will vary from plan to plan. Why Should I Pay Attention to my Health Insurance Plan’s Drug Formulary? It is important to know the specifics of your plan’s drug formulary — particularly if
Clarification to HHS Recommendations for Insurance Carriers
In a previous post, we outlined the recommendations made by the Department of Health and Human Services (HHS) last week to encourage health insurance carriers to take steps toward easing policyholders’ transition to new 2014 ACA-compliant health plans. We want to provide clarification on a couple of the points, and dissuade anyone from believing their insurance carrier will simply cover any out-of-network care or off-formulary drugs throughout the month of
