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Medicare Part D Glossary




Letter F
Jump to:
: : Food and Drug Administration : : free look
: : free examination period : : formulary


Food and Drug Administration
The FDA oversees approval and regulation of all prescription drugs, both brand-name and generic. Its goals include safety, efficacy and quality.

free examination period
This is also known as a "free-look." It is the time period after an insurance policy is delivered during which you can decide whether to keep it or return it to the company for a full refund of the initial premium.

free look
This is also known as a "free examination period." It is the time period after an insurance policy is delivered during which you can decide whether to keep it or return it to the company for a full refund of the initial premium.

formulary
A list of prescription drugs that are covered by a particular Part D plan. Drugs listed on the formulary are also called eligible drugs. A formulary can also be called a preferred-drug list (PDL), or a select drug list.


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Last updated on: 11/14/2008

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