A schedule of prescription drugs approved for use which will be covered by the plan and dispensed through participating pharmacies.
A drug formulary is a list of prescription drugs available for coverage under your pharmacy benefit.
A listing of prescribed drugs covered by an insurance plan or used within a hospital. A positive formulary lists eligible products while a negative one lists exclusions. Some insurers will not reimburse for prescribed drugs not listed on the formulary; others may have limited reimbursement for non-formulary drugs.