What is prescription insurance and does it cost different than other health insurance plans?

Prescription insurance, also known as prescription drug coverage or pharmacy benefit management, is a type of health insurance that covers the cost of prescription drugs. It is often included as part of a comprehensive health insurance plan, but may also be purchased separately as a standalone plan. Prescription insurance can vary in cost depending on the specific plan and coverage options chosen. Some plans may have a separate deductible for prescription drugs, which is the amount you must pay out of pocket before insurance coverage kicks in. Co-pays, or the amount you pay for each prescription, can also vary depending on the plan. In some cases, prescription insurance plans may have a formulary, which is a list of covered prescription drugs. Some drugs may not be covered by the plan or may require prior authorization from the insurance company before they can be filled. It's important to note that not all health insurance plans include prescription drug coverage, and that coverage for specific medications can vary widely between plans. It's important to carefully review the details of any health insurance plan before enrolling to ensure that it meets your healthcare needs and budget.