An Explanation of Benefits (EOB) - Understanding Your Health Care Costs

What is an Explanation of Benefits (EOB) and Why is it Important?

An Explanation of Benefits (EOB) is a document that provides a detailed summary of the health care services you received and the cost of those services, as well as any insurance payments or out-of-pocket expenses you may be responsible for. It is typically sent to you by your insurance company after you receive medical treatment, and it provides information about your benefits coverage, deductibles, copayments, and other related details. The EOB can help you understand your insurance coverage and the cost of your medical treatment, and it can also be useful in resolving any billing disputes you may have with your insurance company.