medical bill & explanation of benefits

new job starter pack (full-time)

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What happens after you get medical care? The short answer: you get a bunch of emails and documents. Let’s talk through how to read and understand your medical bill, and what an Explanation of Benefits is.

medical bill & explanation of benefits

new job starter pack (full-time)

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medical bill & explanation of benefits

new job starter pack (full-time)

What happens after you get medical care? The short answer: you get a bunch of emails and documents. Let’s talk through how to read and understand your medical bill, and what an Explanation of Benefits is.

Let’s talk briefly about what happens after you’ve received medical care. Well, you’re going to get a bunch of emails and documents, including a medical bill from the health care provider and an Explanation of Benefits (EOB) from your insurance provider. These can be confusing documents, so let’s walk through an example and breakdown of what they mean.

 

Medical Bill Details

  • Account Number: You’re going to need this when paying a bill!
  • Service Date: When you received care
  • Charges: prices of the services you received
  • Adjustment: The amount the healthcare provider isn’t charging you
  • Insurance Payments: What your insurance pays
  • Patient Payments: what you need to pay
  • Balance/ Amount Due: The remaining amount you need to pay
  • Payable to: Who you need to pay. Sadly, they likely don’t take Venmo.

 

You’ll also receive an Explanation of Benefits (EOB) from your insurer.

This explains the medical services you received and the cost, including a breakdown of the following:

  • Money you saved by going through your insurance network
  • Amount paid by the insurer
  • What you still owe

 

All in all, these documents will show you how much you owe and how much your insurance provider has paid. Be sure to reach out to the health care provider directly if you have questions about the medical bill, or to the insurance company if what you’re seeing on the EOB doesn’t match up.

In the last several lessons, we’ve discussed how the health insurance system works for you and me. Next let’s talk how you enroll!

 

Source(s): Verywell Health

what's in this lesson?

What happens after you get medical care? The short answer: you get a bunch of emails and documents. Let’s talk through how to read and understand your medical bill, and what an Explanation of Benefits is.

Transcript

Let’s talk briefly about what happens after you’ve received medical care. Well, you’re going to get a bunch of emails and documents, including a medical bill from the health care provider and an Explanation of Benefits (EOB) from your insurance provider. These can be confusing documents, so let’s walk through an example and breakdown of what they mean.

 

Medical Bill Details

  • Account Number: You’re going to need this when paying a bill!
  • Service Date: When you received care
  • Charges: prices of the services you received
  • Adjustment: The amount the healthcare provider isn’t charging you
  • Insurance Payments: What your insurance pays
  • Patient Payments: what you need to pay
  • Balance/ Amount Due: The remaining amount you need to pay
  • Payable to: Who you need to pay. Sadly, they likely don’t take Venmo.

 

You’ll also receive an Explanation of Benefits (EOB) from your insurer.

This explains the medical services you received and the cost, including a breakdown of the following:

  • Money you saved by going through your insurance network
  • Amount paid by the insurer
  • What you still owe

 

All in all, these documents will show you how much you owe and how much your insurance provider has paid. Be sure to reach out to the health care provider directly if you have questions about the medical bill, or to the insurance company if what you’re seeing on the EOB doesn’t match up.

In the last several lessons, we’ve discussed how the health insurance system works for you and me. Next let’s talk how you enroll!

 

Source(s): Verywell Health

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