Simple English definitions for legal terms
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Formulary: A formulary is a list of medicines that your health insurance plan will cover. It tells you which drugs are covered and how much you will have to pay for them. It is like a shopping list for your medicine.
Definition: A formulary is a collection of forms or a list of drugs that are approved for use by a healthcare organization or insurance provider.
Example 1: In the past, a formulary referred to a collection of legal forms used in litigation, such as writ forms kept by the Chancery.
Example 2: Today, a formulary is commonly used in healthcare to refer to a list of drugs that are covered by Medicare or a health-maintenance organization. For example, a health insurance provider may have a formulary that lists the drugs that they will pay for, and patients may need to choose drugs from this list to receive coverage.
Both examples illustrate the definition of a formulary as a collection or list of approved items. In the legal context, a formulary was a collection of approved legal forms, while in healthcare, a formulary is a list of approved drugs.