30 Second Insurance Tips©

Tip 130- Not So Fast

After a health care claim, your insurer sends out an Explanation of Benefits (EOB).

Other than the occasional co-pay, you should never pay any bills until you receive the EOB detailing your health care claims.

Providers love it when you don’t follow this simple advice!

Wait for the EOB. It gives you an opportunity to make sure you have received all the services for which you’ve been charged. And that the discounts your insurance company has negotiated have been applied. And how much of your deductible has been satisfied. (If 100%, you may not owe your doc anything!)

EOBs are a font of information. Review them carefully. Then pay what you properly owe.