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R
renewal date
The specified date of when the health insurance coverage will renew for another period, typically one year.
Retail Pharmacy
When a new drug is put on the market, the pharmaceutical company patents it under a brand name. The company has the exclusive right to sell the drug under this name, but once its patent expires, other companies can sell the same drug under its chemical, or generic, name. Because generic drugs are typically cheaper than brand-name drugs, and the Food and Drug Administration requires generic drug manufacturers to show that a generic drug "delivers the same amount of active ingredient in the same time frame as the original product," many insurance plans have a lower copay for generic drugs, and may only cover generic equivalents of brand-name drugs if they are available.
routine annual exam
A yearly medical "checkup," during which your doctor will perform simple medical care such as checking your height, weight, vision and blood pressure, as well as screening for problems like colon cancer, cervical cancer, prostate cancer and high cholesterol. Routine annual exams are typically covered by most, but not all, health plans.
rx drug: formulary/non-formulary
Some plans divide all drugs into two categories: formulary or non-formulary. If you have drug coverage, your prescription (RX) copayment may be different for formulary and non-formulary drugs.
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