what is eob in medical billing

An EOB stands for Explanation of Benefits, which is a document sent by an insurance provider to show how a medical bill is broken down between the medical service provider(s), the insurance, and the patient. It is important to note that an EOB is not a bill, but rather a tool to help ensure that the patient is receiving the full benefit or discount that they are entitled to under their insurance plan. The EOB outlines what costs the health insurance plan will cover for medical treatments that the patient received. It includes information such as the patients details, the medical services received, the amount billed, the discounts, and any out-of-pocket medical expenses that the patient will be responsible for. The EOB also shows the dollar amount that the patient is required to pay for certain covered medical expenses. It is important to review the EOB to make sure it is correct and to save it when it comes in the mail, as it may be needed when speaking with the healthcare provider about the bill.