Closed formulary definition
Closed formulary means all available Food and Drug Administration (FDA) approved prescription and nonprescription drugs prescribed and dispensed for outpatient use, excluding:
Closed formulary means a list of prescription drugs and devices reimbursed by the insurer that excludes coverage for drugs and devices not listed.
Closed formulary means a list of prescription drugs and devices
Examples of Closed formulary in a sentence
Closed formulary Rx $10 (generic)/$40 (preferred brand)/$80 (non-preferred brand), Mail Order Prescription Drug 90-day supply with 2-month co-pay (MOPD2).
More Definitions of Closed formulary
Closed formulary means all available Food and Drug Administration (FDA) approved prescription and nonprescription drugs prescribed and dispensed for outpatient use, and applies to the categories listed below that require prior approval:
Closed formulary means all available Food and Drug Administration (FDA) approved