Tag: medical billing

An Explanation of Benefits (EOB) is a statement from your health insurance company, not a bill, that explains how your medical claim was processed and what you might owe. It became a federally mandated practice under HIPAA in 1996, and today EOBs accompany approximately 80% of the 1.2 billion health insurance claims paid annually in… Continue reading What Is an EOB? A Guide to Your Explanation of Benefits