Medicare Part D Cost Calculator Knowledge Check

Let's calculate your total annual cost! Your monthly premium is $55, the annual deductible is $150, and you pay a 20% coinsurance on a drug that costs $200 per month. Assuming you fill this drug 12 times (meeting the deductible first), what is your total annual cost? (Note: Coinsurance applies to drug costs after the deductible is met; total retail drug cost is $2,400).