Mail Service Provider
A pharmacy that dispenses medication through a shipping service to the home or office of the member receiving the prescription. This service is typically used by individuals who take one […]
Maintenance Medications
Drugs used to treat chronic diseases or conditions, and taken on a long-term basis.
Multi-source Brand
A drug product manufactured by more than one company or source. Multi-source drugs are those that are available both as the brand-name drug, and as generic equivalents or generic alternatives.
Non-formulary Drugs
Drugs not included on a plan’s drug list or formulary.
Nonpreferred Brands
Brand name drugs not included on a plan’s formulary.
Over-The-Counter (OTC) Drug
Drugs approved by the U.S. Food and Drug Administration that do not require a prescription to be purchased.
Pharmacy Benefits Managers (PBMs)
An organization dedicated to providing prescription benefit management services. A full-service PBM like RxPreferred maintains eligibility, adjudicates prescription claims, provides clinical services, contracts and manages pharmacy networks, and provides management […]
Pill Splitting
Cutting prescription medications in half to double the number of days’ supply from one prescription.
Preferred Brands
Brand-name drugs included on a plan’s formulary.
Preferred Drug List (PDL)
The list of drugs covered by a prescription plan. Also known as a formulary.