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formulary
[fawr-myuh-ler-ee]
noun
plural
formulariesa collection or system of formulas.
a set form of words; formula.
Pharmacology., a book listing pharmaceutical substances and formulas for making medicinal preparations.
a list of prescription drugs covered by a health insurance plan.
You can search the online drug formulary to see if your prescriptions are covered by the plan.
Ecclesiastical., a book containing prescribed forms used in the service of a church.
formulary
/ ˈfɔːmjʊlərɪ /
noun
a book or system of prescribed formulas, esp relating to religious procedure or doctrine
a formula
pharmacol a book containing a list of pharmaceutical products, with their formulas and means of preparation
adjective
of, relating to, or of the nature of a formula
Word History and Origins
Origin of formulary1
Example Sentences
“The limitations of those machines are still the same, though. It’s a limited formulary.”
You can also look up the document known as a formulary, which lists the drugs that a plan covers.
You can find your drugs on the plan’s formulary—the list of covered drugs—and compare that against the costs outlined for each coverage tier in your annual notice of change.
Finally, PBMs use their consolidated power to keep drugs off of health plan formularies — unless manufacturers pay exorbitant fees.
They negotiate drug prices with manufacturers on behalf of insurers, process prescription claims, and manage formularies — insurers' lists of covered drugs.
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