Formularies have several purposes. One is to ensure that the drugs offered are of the highest quality and efficacy. Another purpose is to reduce prescription drug costs, which are rising at an alarming rate. Monitoring prescription costs and maintaining a formulary helps us keep premiums down while offering a high level of benefits. In addition, our doctors and pharmacists stay current on the newest nationwide developments in medicine. We continually update our formulary based on the latest research.
For some members, nonformulary medicines also are covered under their pharmacy benefit at the highest copay. Most of the time, doctors will prescribe a medicine from the formulary. If a doctor prescribes a medication that is not on the list, members may get that medication, but will share in a greater portion of the cost. We encourage our members to ask their doctors if a medication is on the formulary and, if not, whether there is a formulary drug that will work as well.
How to Use the Online Searchable Formulary
Within the company’s formulary, you may search for pharmaceutical products using several different methods.
- First, searches can be conducted by simply clicking on the appropriate first letter of the drug name under the Alphabetical Search section.
- Secondly, you may search by drug name using the Brand & Generic Name Search option where products are listed by both brand (trade) and generic (chemical) names. Click in the entry box, type the first few letters (e.g. “Zoc”) or all of the drug name (e.g. “Zocor”), and click the Go button.
- Or lastly, click on the appropriate drug class (e.g. “Anti-infective Agents”) under the Therapeutic Class Search section.