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What is an EOB (Explanation of Benefits)?

Benefits EOB explanation
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What is an EOB (Explanation of Benefits)?

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This is a statement sent directly from the insurance carrier providing specific details about how and why benefit payments were or were not made on a claim. It summarizes the charges submitted and processed, the amount allowed, the amount applied to deductible, the amount applied to coinsurance, the amount paid, and the member’s balance, if any. An EOB is generated for every claim submitted to the health insurance provider.

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