Question

which of the following best describes Formularies?
A.A list of approved medications for which an insurance plan will reimburse subscribers
B. Formulas for calculating coinsurance payments
C. A list of generic drug ingredients for use in company medication
D. People who act as gatekeepers in primary care plan

Answer 1

None of your choices matches this definition.

http://www.thefreedictionary.com/formularies

Answer 2

I agree, the term is being mis-used here if it is to mean answer a. However, this term is commonly used to mean approved prescription (or drug) formularies, so answer A is what that is.

Answer 3

Yep, Medicare uses this term (formularies), so it must be so!