Which term best completes this statement: A formulary often uses tiers to categorize products; the common word for these categories is ____?

Which term best completes this statement: A formulary often uses tiers to categorize products; the common word for these categories is ____?

• A. price tiers
• B. tiers
• C. cost tiers
• D. drug tiers

Answer: (B)

In formularies, medications are organized into levels that determine how much a patient pays. These levels are called tiers. Using the term tiers is the standard way to name the category levels across different drugs and payer systems, so it best fits the statement. While you might hear phrases like drug tiers or price/cost tiers in other contexts, the common, general label for the category itself is simply tiers.

In formularies, medications are organized into levels that determine how much a patient pays. These levels are called tiers. Using the term tiers is the standard way to name the category levels across different drugs and payer systems, so it best fits the statement. While you might hear phrases like drug tiers or price/cost tiers in other contexts, the common, general label for the category itself is simply tiers.