EOB in Medical Billing
EOB stands for Explanation of Benefits, a statement from the insurance company detailing what medical services were covered, what was paid, and what the patient owes.
EOB in Medical Billing Explained
In medical billing, the EOB outlines the breakdown of payments made by the insurance company for a particular claim. It explains what services were billed, the amount covered, and the patient’s financial responsibility for any co-pays, deductibles, or non-covered services.
For example, after a doctor’s visit, the insurance company sends an EOB to the patient explaining how much was paid for the visit and what portion the patient needs to pay.
See common acronyms and abbreviations in Medical billing glossary.
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