EOB stands for Explanation of Benefits. ... The most important thing for you to remember is an EOB is NOT a bill. It's letting you know which healthcare provider has filed a claim on your behalf, what it was for, whether it was approved, and for how much.

What does EOB stand for in time?

End of day (EOD), end of business (EOB), close of business (COB), close of play (COP) or end of play (EOP) is the end of the trading day in financial markets, the point when trading ceases.

What does EOB mean in medical terms?

What is an Explanation of Benefits? An EOB is a statement from your health insurance plan describing what costs it will cover for medical care or products you've received.