Parkinson's Medications: What Are Formularies?

When a drug is added or removed from a formulary list, your insurance's coverage of the medication may change. In this interview with Derek Arnold, he explains what formularies are, how they work, and what you can do when your medication is no longer covered. See below for specific questions answered.

0:00 – Introduction
2:37 – What is a formulary and what do people with Parkinson’s need to know about it?
3:32 – And who creates the formularies and what do they involve?
4:28 – What determines whether someone’s insurance plan covers their medication?
4:51 – How does being on a formulary impact what a patient may pay for a drug?
6:08 – What is the difference between a Medicare PDP and MAPD?
8:00 – What are exclusions and what causes a drug to be put on an exclusion list?
9:48 – How can someone with Parkinson’s find out that a drug they take every day is about to be put on an exclusion list?
11:31 – What actions can people take if their drug lands on an exclusion list?

For MORE INFORMATION and resources for this webinar, go to: https://davisphinneyfoundation.org/what-you-need-to-know-about-formularies

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