Health care and health insurance is confusing and constantly changing. It seems cliche to say that, but it’s true. Which is exactly why you need to understand your health plan in order to maximize the benefits. We’ve got some tips on how to do just that.
First, it would probably be helpful if I explained what EOB stands for. EOB is short for Explanation of Benefits. You may also see it described as Explanation of Medical Benefits, but it is universally referred to as an EOB.
Do you speak health insurance? Most people don’t. Understanding all the terms used in healthcare today is like speaking another language. But learning that language is key to understanding your benefits, deciphering a bill from a provider and putting you in control of your care.