Bill's healthcare policy is as follows:
Annual deductible: $1000
Co-insurance %: 20%
Out-of-pocket maximum: $7,500
Early in the year Bill breaks his leg. Since the year has just begun he hasn't had to make any healthcare payments yet. The hospital bill for the broken leg is $30,000. How much will Bill have to pay?
Group of answer choices
$10,000
$1,000
$8,500
$7500
$9,000