And we do research to make sure the drugs we choose are safe effective and lower in cost. Silverscript medicare part d formulary tiers indicate the level of cost sharing for a covered drug.
Request For Medicare Prescription Drug Coverage
Medicare prescription drug tier list. Silverscript plans use a system with five medicare formulary tiers. These costs are decided by your employer or health plan. Outpatient health care or medicare part d prescription drugs. You can find out more about how to read a drug list in our help center. The formulary includes at least 2 drugs in the most commonly prescribed categories and classes. In general the higher the tier the higher the members out of pocket cost for the covered drug.
Tier 4 non preferred drugs. A medicare part d drug list formulary is a list of drugs covered by a plan. These are the highest cost drugs including some injectables your plan may let you know when your prescription drug is moved to a higher cost sharing tier. All the drugs on our drug lists have been approved by the us. 1 2020 and is subject to change after this date. Formularies are developed to meet the needs of most members based on the most commonly prescribed drugs including certain prescription drugs that medicare requires that we cover.
It shows the drugs we cover the tier a drug is on any limits or requirements and mail order availability. Most medicare drug plans medicare prescription drug plans and medicare advantage plans with prescription drug coverage have their own list of what drugs are covered called a formulary. Plans include both brand name prescription drugs and generic drug coverage. A prescription drug list pdl also called a formulary is a list of commonly used medications organized into cost levels called tiers. Generally the lower the tier the less you pay. When you look up a drug the second column of the drug list will show you what tier its in.
Its also called a formulary. 1 2020 this prescription drug list pdl is accurate as of jan. Food and drug administration. Each tier has a copay or coinsurance amount. A drug list is a list of prescription drugs your health plan covers. The next anticipated update will be july 1 2020.
List of prescription drugs covered by your plan is current as of october 1 2019. Your summary of benefits tells you the drug costs for tiers. Your 2020 prescription drug list advantage 4 tier effective jan. This pdl applies to members of our. These prescription drugs are lower in cost than tier 5 tier 5 specialty. Search our formulary for covered drugs and get the information you need.
The easiest way to find out what tier your drugs are in is by using your plans drug list. Each covered drug is in 1 of 5 drug tiers.
Gallery of Medicare Prescription Drug Tier List
