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You open your inbox and see a document from your health plan after a doctor's visit. The total charge looks alarming, and your first instinct is to reach for your wallet. Before you pay anything, pause. Learning how to read an explanation of benefits helps you separate an insurer's claim summary from an actual provider… Continue reading How to Read an Explanation of Benefits
What Is an EOB? A Guide to Your Explanation of Benefits
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