What does a formulary list provide?

A formulary list serves as a comprehensive guide that outlines the specific medications covered by an insurance company. It typically categorizes drugs into tiers, each representing different levels of cost-sharing for patients, helping them understand what medications they can access and at what cost. This list is crucial for both healthcare providers and patients, as it informs prescribing decisions and ensures that patients receive medications that are financially manageable under their insurance plans.

The other choices do not accurately represent the function of a formulary list. A list of patients covered by insurance relates to individual patient information, while a list of pharmacies in the network refers to where services can be accessed. A list of medical conditions treated by the insurance does not address the specific medications provided, which is the key focus of a formulary.