Understanding Generic Drugs
Your employees’ CoverTN Prescription Drug Program saves them money through the use of generic drugs.
A generic drug is a copy of a brand-name drug that has the same dosage, safety, strength, quality performance and intended use as a brand-name drug, as required by the FDA. A generic drug is also more affordable than a brand-name drug.
A generic equivalent is made with the same active ingredients in the same dosage form as a brand-name product, and provides the same therapeutic effects as the brand-name drug. Not all brand-name drugs have generic equivalents, but many do.
A generic alternative is a drug that may be used to treat the same condition as a brand-name drug. However, it may have a different chemical formula and ingredients.
Your employees should talk to their doctors or pharmacists if they have questions about generic drugs.