Generic drugs are medications that contain the same active ingredients as the corresponding brand-name drugs, but generally cost less. The U.S. Food and Drug Administration (FDA) requires testing of generic drugs before they are sold to make sure they are of the same quality and effectiveness as their brand-name counterparts.
To take advantage of the savings generic drugs can provide, just get a prescription from your doctor and take it to a network pharmacy. If your prescription is filled with a generic drug, you will likely pay a lower copayment. If your prescription is filled with a brand-name drug that has a generic option, you will pay a higher copayment or coinsurance based on your benefit plan, plus the price difference between the generic and the brand-name drug. At no time will you pay more than the retail price.