What Does Rx Mean In Health Insurance?

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   Kevin Haney

   A.S.K. Benefit Solutions, New Jersey

   RX refers to prescription drug coverage. Most health insurance plans have a separate prescription drug plan with a different structure for copayments and coinsurance. Three tier plans are very commom: generics, formulary brand names, and non-formulary brand names. You pays less out of pocket for generics, and the most for non-formulary brand name drugs.

   Answered on August 26, 2014

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