A Generic Drug, according to the Centers for Medicare and Medicaid (CMS) is defined as:
A prescription drug that has the same active-ingredient formula as a brand-name drug. Generic drugs usually cost less than brand-name drugs. The Food and Drug Administration (FDA) rates these drugs to be as safe and effective as brand-name drugs.
(source: Medicare.gov)
Reminder: Both our Formulary Browser (showing all drugs for a single Medicare plan) and our the drug finder® Drug Finder ( on this site - showing all Medicare plans covering a single drug) display the details of the drug utilization management requirements along with the drug cost-sharing information for all Medicare Part D plans and Medicare Advantage plans.
Also See:- Why am I being charged list price for my generics?
- Can the retail cost of a common generic drug vary between Medicare Part D plans and pharmacies?
- Can my Medicare Part D plan drop my brand drug because the plan now covers the generic?
- Understanding your Formulary (Drug List) FAQs
- Monthly Formulary Change FAQs
- Monthly Formulary Change Articles