Question

What statement is true about an EOB?

A statement from your insurance company.

Shows what was covered by insurance.

Identifies items that are your share of cost, like deductibles, co-insurance and co-pays.

All of the above.

None of the above.

PLEASE HURRY

Answer 1

An EOB is a statement from your health insurance plan describing what costs it will cover for medical care or products you’ve received. The EOB is generated when your provider submits a claim for the services you received.

The insurance company sends you EOBs to help make clear:

The cost of the care you received
Any money you saved by visiting in-network providers
Any out-of-pocket medical expenses you’ll be responsible for