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TeachMeFinance.com - explain Formulary Drugs Formulary Drugs The term 'Formulary Drugs ' as it applies to the area of Medicare in the United States can be defined as ' Listing of prescription medications which are approved for use and/or coverage by the plan and which will be dispensed through participating pharmacies to covered enrollees'. Previous 5 Terms: formula Formula funds Formula pricing Formula quantity Formulary Next 5 Terms: formulate Formulation process Forward contract Forward cost (1) Forward cost (2) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.