formulary

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noun for·mu·lary \ ˈfȯr-myə-ˌler-ē \

Definition of formulary

plural formularies

1 :a collection of prescribed forms (such as oaths or prayers)

2 :formula 1

3 :a book listing medicinal substances and formulas

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formulary

adjective

Recent Examples of formulary from the Web

However, if your insurance doesn't cover a particular drug or if that medication is at tier 3 or tier 4 on the insurance formulary, then buying it with a discount plan might be the cheaper alternative.

— wendy connick, USA TODAY, "Shop around: 5 ways to cut your prescription drug bills," 5 July 2017
But such negotiation would work only if there were some limitations on the drugs available to patients, raising many questions about the feasibility of creating a national formulary.

— walid f. gellad, WSJ, "Medicare Could Learn a Thing or Two From the VA," 14 June 2017
Among changes for active employees, a move to adopt the CVS standard pharmaceutical formulary — which would impose some limits on available drugs — would save $25 million at first, rising eventually to $55 million.

— courant staff report, courant.com, "Estimates For State Employee Concessions: $24B Over 20 Years," 6 June 2017
In a recent letter published in JAMA Internal Medicine, Tseng analyzed Medicare’s prescription drug formularies in 2015 and the projected cost of deductibles and copays.

— sarah jane tribble, Kaiser Health News, "Many COPD Patients Struggle To Pay For Each Medicinal Breath," 5 June 2017
For example, PBMs secure rebates from drug companies as a condition of putting their products on the formulary, the list of reimbursable drugs for their network.

— charles p. pierce, Esquire, "Here's Another Example of What the Free Market Does to Healthcare," 29 Mar. 2017
But because Part D involves a welter of different plans and formularies, some requiring patients to pay for the vaccine and then seek reimbursement, the cost and co-pays can discourage use.

— paula span, New York Times, "Getting Shingles Despite the Shingles Vaccine OCT. 8, 2015," 2 Dec. 2016

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'formulary.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of formulary

1541

Medical Dictionary

formulary

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noun for·mu·lary \ ˈfȯr-myə-ˌler-ē \

medical Definition of formulary

plural formularies

1 :a book containing a list of medicinal substances and formulas — see national formulary

2 :an official list of generic and brand name pharmaceutical drugs designated by a health insurance provider as approved for coverage under the provider's pharmacy plan benefits