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Insurance & claims
EOB (Explanation of Benefits)
A statement your insurer sends after a claim is processed, showing what was billed, what insurance paid, and what you owe. It is not a bill.
Example
An EOB might show a $2,000 billed charge, a $1,400 negotiated-rate discount, $500 paid by insurance, and $100 owed by you — the hospital bills you separately for that $100.