What is the difference between brand name, generic medications, and non-formulary or non-preferred drugs?
A generic medication is a copy of a brand-name medication. The color or shape may be difference, but the active ingredients must be the same for both. Generic medications must meet the same quality standards as brand-name medications. A Non-Formulary or non-preferred medication is a drug that is not listed in the Preferred Product List due primarily to the high cost of the drug. The FDA sets these standards and reviews all medications before they are marked. Your coverage for brand-name drugs where a generic is available may vary.