Definition: Prescription drug benefits are a relatively new benefit that companies offer. While not every company has prescription drug benefits, coverage for prescription drugs is an important option given an employee’s medical history.
Prescription drug benefits often exclude drugs not approved by the FDA, barbiturates, and drugs for cosmetic purposes.
If your company does have prescription drug benefits, it is important to research what drugs are included and excluded in the policy to determine if it fits your medical needs.
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