In terms of prescription drug tiers, which tier is considered the least expensive drug?

In the context of prescription drug tiers, Tier 1 is designated as the least expensive tier. This typically includes generic medications, which are known for their lower costs compared to brand-name drugs. The tiered structure is designed to guide patients toward more cost-effective medication options, helping both consumers and insurers manage healthcare costs more effectively.

Tier 1 drugs often have lower copayments or coinsurance, making them more financially accessible to patients. As you move up the tiers, medications generally become progressively more expensive. Tier 2 usually contains preferred brand-name drugs, while Tiers 3 and 4 encompass higher-priced brand-name drugs and specialty medications, respectively. This tiered approach encourages patients to utilize more affordable options whenever possible, which can lead to significant savings on healthcare expenses.