Benefits Plans - Prescription Drug Plan: University of Michigan Preferred Drug List
To maximize your prescription drug benefit, the Prescription Drug Plan uses a Preferred Drug List ( PDL) of cost-effective drugs. Physicians are encouraged to prescribe from this list when it is appropriate for your condition.
The Preferred Drug List is a guide to medications within select therapeutic categories for prescription drug plan participants. It is not a formulary and purposely omits many categories. Within the categories represented, this drug list will help the physician and plan participants identify products for therapeutic purposes. Use of the list is voluntary.
The university’s Preferred Drug List includes select brand-name drugs and generic drugs. It is periodically updated by a team of university physicians and pharmacists who review all FDA-approved drugs. Preferred brand-name drugs are selected on the basis of therapeutic effectiveness, safety, and cost relative to other FDA-approved drugs used to treat the same conditions.
Physicians are encouraged, but not required, to prescribe from the PDL when appropriate for the patient’s condition. Approximately 85-90% of all drugs prescribed are dispensed as preferred drugs.
The University of Michigan in its sole discretion may modify, amend, or terminate the benefits provided with respect to any individual receiving benefits, including active employees, retirees, and their dependents. Although the university has elected to provide these benefits this year, no individual has a vested right to any of the benefits provided. Nothing in these materials gives any individual the right to continued benefits beyond the time the university modifies, amends, or terminates the benefit. Anyone seeking or accepting any of the benefits provided will be deemed to have accepted the terms of the benefits programs and the university's right to modify, amend or terminate them.