An explanation of benefits (EOB) is a document provided to you by your insurance company after you had a healthcare service for which a claim was submitted to your insurance plan.

View an example EOB or explanation of benefits statement. While all benefit statements look a little different, they will all contain the same basic types of information: 1. The account summary. The ...

Two types of documents typically arrive in a patient's mailbox and/or online portal after receiving health care services: One is a medical bill from a doctor's office or health system, the second ...

Reporter Christopher Snowbeck breaks down what you need to know about how to read a medical bill — plus those documents proclaiming ‘This Is Not a Bill’ from health insurers.

"Typically, your medical bill should not be more than what your explanation of benefits says you owe," said Julia Dreier, the deputy commissioner of insurance at the Minnesota Department of Commerce.