Chuck has an individual medical expense policy with a $500 calendar-year deductible, a $5,000 annual out-of-pocket limit, and 20 percent coinsurance. Chuck was hospitalized for a surgical procedure in January, his first health care treatment received during the year. The total bill was $10,500. Considering the deductible and coinsurance, how much of this amount must Chuck pay?

Question 33 options:

	$7,500
	$5,000
	$2,500
	$500