What is the difference between COB and EOB?

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Accepted Answer

COB (Coordination of Benefits) and EOB (Explanation of Benefits) are both related to health insurance, but they serve different purposes:

COB refers to the process of determining how multiple health insurance policies will work together to cover the cost of a patient's medical expenses. This typically occurs when a patient is covered by more than one health insurance plan, such as when they have coverage through their employer and their spouse's employer. In this case, the COB process helps to determine which insurance plan will pay first and how much they will pay, in order to prevent overpayment or duplicate coverage.

EOB, on the other hand, is a document that is provided to the patient or the healthcare provider after a medical service has been provided. The EOB explains how the patient's health insurance plan covered the cost of the service, including any deductibles, copays, or coinsurance that the patient is responsible for paying. The EOB also includes information on how much the healthcare provider charged for the service, how much the insurance plan paid, and any remaining balance that the patient owes.

In summary, COB is the process of coordinating multiple insurance policies, while EOB is a document that explains how a patient's health insurance plan covered the cost of a medical service.

What is the difference between COB and EOB?

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