SIC Code 6411-39 - Insurance Prescription Drug Plans
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SIC Code 6411-39 Description (6-Digit)
Insurance Prescription Drug Plans is an industry that involves providing coverage for prescription drugs to individuals or groups through insurance plans. These plans are designed to help individuals manage the cost of their prescription medications, which can be expensive without insurance coverage. Insurance Prescription Drug Plans are typically offered as part of a larger health insurance plan, but can also be purchased as a standalone product. The industry is regulated by government agencies to ensure that plans meet certain standards and provide adequate coverage to consumers.
Hierarchy Navigation for SIC 6-Digit Code 6411-39
Parent Code (less specific)
Tools
- Formularies
- Prior authorization systems
- Pharmacy benefit managers
- Drug utilization review programs
- Mailorder pharmacy services
- Electronic prescribing systems
- Claims processing software
- Provider network management tools
- Benefit design software
- Compliance tracking systems
Industry Examples of Insurance Prescription Drug Plans
- Medicare Part D plans
- Employersponsored health plans
- Individual health insurance plans
- Medicaid managed care plans
- Pharmacy discount programs
- Health savings account (HSA) plans
- Medicare Advantage plans
- Staterun health insurance exchanges
- Veterans Affairs (VA) health plans
- TRICARE health plans
SIC Code 6411-39 - Insurance Prescription Drug Plans
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