Health Insurance Basics
What is a health insurance Explanation of Benefits?
A health insurance Explanation of Benefits (EOB) is a statement from your insurance company that shows how a claim was processed. The EOB shows the service provided, the amount billed, the amount the plan paid, and your cost-sharing responsibility. Review your EOB carefully for errors.
Key Points
- EOB: statement showing how a claim was processed
- Shows: service provided, amount billed, plan payment, your cost-sharing
- Review EOB carefully for errors
- EOBs are sent after each claim is processed
- Keep EOBs for your records and for tax purposes