Final answer:
A formulary is a list of drugs compiled by a health insurance company that identifies the drugs the insurance company will cover under benefits.
Step-by-step explanation:
A list of drugs compiled by a health insurance company that identifies the drugs the insurance company will cover under benefits is called a formulary. It is a comprehensive list of drugs that are approved for coverage and may include information about the drugs' cost-sharing requirements, such as copayments or coinsurance.