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Finasteride (Proscar, Propecia) is an inexpensive drug used for the treatment of hair loss and benign prostatic hyperplasia (BPH). Proscar (finasteride 5 mg) is used to treat BPH, and Propecia (finasteride 1 mg) is used for hair loss. Generic finasteride is covered by most Medicare and insurance plans for BPH, but not for hair loss, so pharmacy coupons may be lower. Get Finasteride for as low … Learn about finasteride (Propecia) usage and dosing. Read the latest news and reviews about the drug as well as potential side effects and popular alternatives. A formulary is a list of prescribed medications or other pharmacy care products, services or supplies chosen for their safety, cost, and effectiveness. Medications are listed by categories or classes and are placed into cost levels known as tiers. It includes both brand and generic prescription medications. 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