A Medicare Explanation of Benefits (EOB) is a statement from your Medicare Advantage or Part D plan 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 from Medicare Advantage or Part D plan showing claim processing
- Shows service provided, amount billed, plan payment, and your cost-sharing
- Review EOB carefully for errors
- EOBs are sent after each claim is processed
- Keep EOBs for your records