Tag: Health insurance tiers

According to the Drug Enforcement Administration (DEA), controlled substances are categorized into five schedules based on their abuse potential and medical use. However, in health insurance, the terms 'Level 1' and 'Level 2' often refer to cost tiers for prescription drugs. Therefore, knowing what is the difference between level 1 and level 2 drugs requires understanding which classification system is being referenced.

In the United States, 61% of adults report taking at least one prescription medication [1.7.1]. For many, the cost is determined by a tier system, which raises the question: what is a Tier 2 medicine and how does it affect your out-of-pocket expenses?