An explanation of benefits (EOB) is a statement sent by a healthcare insurance company to a patient describing the medical service performed, the charge from the medical facility, the allowable charge based on the insurance contract, and the amount owed by the patient.

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An Explanation of Benefits (EOB) is indeed a statement from a healthcare insurance company to a patient detailing the services provided, the costs involved, what the insurance covers according to the patient's plan, and the remaining amount the patient is responsible for paying.

An Explanation of Benefits (EOB) Is a Statement Sent by a Healthcare