A Formulary for a prescription benefit plan is merely an extensive list of preferred medications. The list includes generic and brand prescription drugs. All medications on a Formulary must be approved by the U.S. Food and Drug Administration (FDA) as safe and effective. In addition, medications on a Formulary are often cost-effective choices for specific therapies. HealthSmart Rx employs a team of medical and healthcare professionals to create and review our Formularies. Formularies typically comprise of several drug classes, which are based upon considerable research, data and evidence-based analyses. Choosing the medications for each class on a Formulary is extremely important. We provide recommendations to our clients on the makeup of their Formulary and in turn, clients have the flexibility to design a number of different formulary coverage levels.