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Make the terms make sense

Look up a word from a quote, a care page, or an insurance reply.

A short term versus a useful question

Copay

This is your share of a bill under a coverage arrangement. Ask whether the quoted amount is your medicine payment or a separate care charge.

Use it in a question

Ask how that term applies to the exact product or charge being proposed.

A familiar word can still have a specific meaning on a bill.

Look up a term

Active ingredient: The part meant to do a medicine’s work is its active ingredient.
Compounding: With compounding, the medicine is prepared to order; it is different from supplying a finished product that has approval.
Copay: A copay is your share of a bill under a coverage arrangement.
Deductible: A deductible is the spending a plan requires before it starts paying for covered care.
FDA approval: Evidence about a specific product for a particular use is reviewed by the Food and Drug Administration (FDA).
Formulary: An insurance plan calls its medicine list a formulary.
Generic: An approved version of a drug sold under a brand name is a generic medicine. A medicine made to order is different from an approved generic.
GLP-1: GLP-1 occurs naturally in the body and helps control blood sugar and hunger. Medicines that act like it are called GLP-1 drugs.
List price: List price is the maker’s published figure, distinct from cash prices and insured payments.
MedWatch: Patients and health professionals can submit medicine-problem reports to FDA through its program called MedWatch.
Peptide: A peptide is a small chain of amino acids, the chemical pieces used to make proteins. Insulin is one example; “peptide” does not name one treatment.
Prior authorization: A plan uses prior authorization to approve payment before paying for a medicine it covers.
Self-pay: Self-pay is a price paid outside insurance; it does not count toward the plan’s deductible.
Telehealth: Telehealth is a remote care visit, such as a conversation over video.

Approval and price terms have dates

The approval and price details here were checked on September 26, 2026.