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What is an EOB (Explanation of Benefits) for pharmacy claims?

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What is an EOB (Explanation of Benefits) for pharmacy claims?

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The EOB gives you details about each drug you purchase, helps you track your monthly prescriptions expenses and manage your budget. Every EOB statement has helpful definitions, formulary updates and phone numbers to call for help. You will also see the following helpful information, such as summaries of your prescription drug usage and coverage stages. • Your prescriptions during the past month. Contains details about each drug you’ve purchased through Windsor Medicare Extra during the previous month. The monthly drug summary shows what you paid for your prescription drugs during the month, what Windsor Medicare Extra paid for your prescription drugs during the month and what others paid on your behalf for your prescription drugs. • Your “out-of-pocket costs” and “total drug costs” (amounts and definitions). Lets you track your monthly and year-to-date prescription drug costs, including your True Out-of-Pocket (TrOOP) amount. • Your drug payment stage. This allows you to track easily w

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