Also known as a preferred formulary, this is a list of prescription drugs covered by your health plan. Most formularies include generic prescription and brand-name drugs. Physicians use the formulary to determine which drugs are most effective at the best possible price. The formulary is a living document and will change as new drugs enter the market. You can find the formulary on your prescription provider’s website. Working with your physician to choose prescriptions that are part of the formulary will lower your out-of-pocket costs.

Health plans details and vocabulary can be confusing for you and your ministry — which is why GuideStone created two resources designed to help bring clarity. Learn the key features of our plans on the comparison charts in Health Plans Made Simple and find common health plan vocabulary terms in Learning Your Health Plan’s Vocabulary Can Save You Money.