formulary

A formulary is a list of medications that a specific health insurance plan or healthcare provider approves for coverage and recommends for treatment. It helps ensure cost-effective and safe prescribing by including preferred drugs while limiting or excluding others. The formulary is regularly reviewed and updated based on new research and drug availability. If a medication isn't on the list, patients may need to pay more out of pocket or request an exception. Overall, it serves to guide physicians and patients in choosing appropriate, affordable medications within an organized and monitored framework.