Final answer:
Pharmacy benefit covers prescription drugs derived from a list called drug formulary. The statement is True.
Step-by-step explanation:
The statement given is True.
Pharmacy benefit does cover prescription drugs derived from a list called drug formulary. A drug formulary is a list of prescription medications that are approved by a specific insurance provider, which determines the coverage and cost of each medication.
Pharmacy benefit plans usually have different tiers or levels of coverage for medications, with drugs listed on the formulary being covered at a lower cost or with a lower copayment compared to drugs not listed on the formulary.