Which statement about E.O.B. is correct?

Which statement about E.O.B. is correct?

• A. End Of Benefits
• B. Electronic Of Billing
• C. Estimated Operational Budget
• D. Explanation Of Benefits

Answer: (D)

An EOB is the insurance company’s statement that explains how a claim was processed. It shows the allowed amount, what the plan paid, any adjustments, and the patient’s responsibility (copayment, coinsurance, deductible), along with any reasons for denial. This is exactly what “Explanation Of Benefits” describes, making it the correct choice. It isn’t End Of Benefits, which isn’t a standard term for insurer communications; nor is it Electronic Of Billing or Estimated Operational Budget. An EOB is distinct from a provider bill—the EOB clarifies how benefits were applied, not what you’re being charged for a service.

An EOB is the insurance company’s statement that explains how a claim was processed. It shows the allowed amount, what the plan paid, any adjustments, and the patient’s responsibility (copayment, coinsurance, deductible), along with any reasons for denial. This is exactly what “Explanation Of Benefits” describes, making it the correct choice. It isn’t End Of Benefits, which isn’t a standard term for insurer communications; nor is it Electronic Of Billing or Estimated Operational Budget. An EOB is distinct from a provider bill—the EOB clarifies how benefits were applied, not what you’re being charged for a service.