An Explanation of Benefits (EOB) is a notification form that your insurance company sends you when a health care benefits claim has been processed. An EOB is one way that insurers can help patients manage their healthcare, and a way for patients to help their insurer verify services and control costs. Patients should carefully read and review an EOB because it provides a list of services that the medical provider or supplier claims to have provided to the patient.
Unfortunately, unless you're fluent in "insurance-speak," EOBs can be a bit confusing. Let's take a look at some of the main sections of an EOB and how to decipher them.Read More