Key Terms for Health Insurance

Key Terms Charged: The amount your health care provider bills for the health care services provided to you. Allowed: The amount your health plan may pay your health care provider for the service you received. This may be less than the amount the provider charged. Provider: The name of the health care professional who provided … Continue reading Key Terms for Health Insurance

Understanding your Explanation of Benefits Statement

Understanding your Explanation of Benefits Statement (EOB) An EOB is a notification form provided to you by your insurance carrier.  The EOB displays the expenses submitted by the provider and shows exactly how the claim was processed. An EOB has four key sections. Claim Information includes the patient name, member identification information, and the claim … Continue reading Understanding your Explanation of Benefits Statement