Drug Formularies


Definition of "Drug formularies"

Leisa Ormsbee real estate agent
Leisa Ormsbee Realty Texas

Recommendation of medications that should be prescribed for certain ailments. They can be classified as follows:

  1. open or voluntary recommends a list of drugs to physicians that is supposed to be the most cost-effective for a certain ailment;
  2. closed dictates which drugs will be covered by a benefit plan.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Medicare Supplement Insurance

Two basic kinds of policies sold by health insurance companies: medigap insurance (medicare supplementary insurance); and medicare wraparound ...

Brokerage General Agent

Independent contractor of the insurance company who has the authority to appoint brokers on behalf of the insurance company. This supervisor has the o ...

Basic Mortality Table

Mortality table that is a picture of the actual living and/or dying of the population (the universe) upon which the mortality table is based. No addit ...

Insurable Interest

Expectation of a monetary loss that can be covered by insurance. Insurable interest varies according to the type of policy. These relationships give r ...

Direct Selling System

Same as term Direct Response Marketing: method of selling insurance directly to insureds through a companies own employees, through the mail, or at ai ...

Family History

Background information used in life and health insurance underwriting to ascertain the probability of hereditary disease. The purpose is to determine ...

Popular Real Estate FAQ

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Building a Real Estate Team Property tax in the US: a homebuyer guide Buying a House with Cash vs. Mortgage Short-term Lease Pros and Cons Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House

FAQ

What is a foreclosure? I need Hospital Insurance in addition to my current health insurance policy? What is Freddie Mac? What is PITI and what does it stand for? What is a FHA mortgage?