Will insurance cover all of my medications’ costs completely?

The amount you pay for medications is based on your insurance. Some medications have a copay, some are completely covered and some are not covered at all. There are several categories of medication: preferred, non-preferred, generic and name-brand. Each insurance plan has a Prescription Drug List (PDL), which includes preferred medications. Preferred medications have the best overall value, which is determined by your insurance and based on its effectiveness and safety. Within the PDL there are “generic” and “name-brand” medications. Generic medications are copies of name-brands that work the same and have the same active ingredient but have a lower copay. A name-brand medication tends to be prescribed if the generic equivalent is not available. This depends on the pharmacy and the drug. Medications are organized in tiers based on the amount you pay. The first tier has the lowest copay, and the last tier has the highest copay. The first tier is preferred generic, the second tier is non-preferred generic, the third tier is preferred name-brand and the fourth tier is non-preferred name-brand.

For more assistance, please feel free to reach out to our Support Team at support@miresource.com.

Updated on: 07/10/2025