Test Your Knowledge: Drug Formulary

Quiz Questions

• 1.
  How often are changes made to your drug formulary?

  • A.
    Monthly
  • B.
    Quarterly 
  • C.
    Annually 
  • D.
    At any time
  • E.
    Only when you change plans
• 2.
  What is Step Therapy?

  • A.
    A restriction that limits how many doses of a particular drug you can get.
  • B.
    A requirement that your doctor obtain authorization from your plan provider before your drug will be covered.
  • C.
    A restriction that requires you try an equally safe and effective drug that is less expensive before your prescription will be covered. 
  • D.
    A restriction that requires you to prove you are capable of walking up a flight of stairs to ensure your heart is healthy enough for the medication. 
• 3.
  What is a generic drug?

  • A.
    A less expensive, clinically equivalent, and equally effective alternative to a brand-name drug. 
  • B.
    A more expensive, clinically equivalent, and equally effective alternative to a brand-name drug. 
  • C.
    A brand-name drug with a boring name.
  • D.
    A less expensive and less effective version of a brand-name drug.
• 4.
  True or False: I can get a prescription for a drug on my formulary filled and covered by my insurance at the pharmacy of my choice. 

  • A.
    True
  • B.
    False
• 5.
  What is a drug formulary also known as?

  • A.
    Preferred drug formulary list
  • B.
    Preferred drug list
  • C.
    Drug formula 
  • D.
    Drug Form
• 6.
  What do the different tiers on a drug formulary mean?

  • A.
    Each tier represents a letter in the alphabet. Drugs on your formulary will be split into one of 26 tiers based on the letter they begin with.
  • B.
    Each drug on the formulary is placed in a tier based on any restrictions they have.
  • C.
    Each tier represents a level of cost that you will pay for that medication. 
• 7.
  True or False: Every drug formulary is the same.

  • A.
    True
  • B.
    False
• 8.
  Tree or False: Your drug formulary has all the information you need to figure out how much your medication will cost.

  • A.
    True
  • B.
    False
• 9.
  True or False: You can request that a drug be added to your formulary.

  • A.
    True
  • B.
    False
• 10.
  Each tier in your drug formulary has a copay or coinsurance amount associated with it. What does this mean?

  • A.
    It is the amount that drugs on that tier will cost you.
  • B.
    It is the amount that drugs on that tier will cost you after your deductible has been met.
  • C.
    It means that there is a shared restriction on drugs in that tier. 
  • D.
    It means that the pharmacy you go to for your prescription will share a portion of the cost with you for drugs in that tier.

Quiz Outcomes

• 1.
  Result 1

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  Thank you for taking our quiz! To learn more about your drug formulary, as well as discover resources that address several topics to help patients find assistance with medical debt, insurance access, job retention and other medical related issues, please visit the Patient Advocate Foundation resources page.