You need to keep your EOB quarterly to compare with your secondary insurance as per Medicare only sends quarterly. If everything matches in you quarter you no longer need to keep them. Most people keep them an extra quarter to ensure there are no errors.
You submit an EOB from the Medicare HMO with your Medicaid claim.
Explanation of Benefits (EOB) is a form or document that may be sent to you by your insurance company several months after you had a healthcare service that was paid by the insurance company. You should get an EOB if you have private health insurance, a health plan from your employer, or Medicare.
The length of time that doctor's offices need to keep records varies by state. 5 years is a common requirement.Explanations of benefits (EOB's) are sent by the insurance companies to the patient, not to the doctor's office.4/11/13- Actually, insurance companies send EOB's to both entities, patient and doctors.
I think you're referring to an explanation of benefits (EOB). These are common in Medicare and private insurance but not so much in Medicaid.
EOB stands for Electronic Order of Battle.
Try searching the Social Security webiste here http://www.ssa.gov/dibplan/index.htm Medicare would be considered a secondary payer and would have to have an EOB from the primary company before they could pay
It's EOD, and it stands for eplosive ordnance disposal.
The EOB (Explanation of Benefits) is what explains Medicare's payments and denials. Sometimes it is referred to as an EOP (Explanation of Payment). This document will show all items filed on a particular claim for a particular provider. It will show which items were covered or noncovered and why, which items were denied and why, and which items were paid. It will also show the patient's responsibility as far as deductible and coinsurance goes. If the patient has a Medicare supplement or just a secondary plan and Medicare is aware who you have chosen, they will "crossover" the claim to the secondary. This means they will automatically send a notification to the secondary payor to let them know how much Medicare allowed (the total amount the provider should receive from Medicare, other insurance companies and the patient), and how much is being left to the patient/secondary.
If the secondary payor is contracted then there should be langauge regarding how long you have to file once the primary EOB is received. You may also have to provide a screen print to show your original filing to the secondary payor was timely.
The EOB (Explanation of Benefits) is what explains Medicare's payments and denials. Sometimes it is referred to as an EOP (Explanation of Payment). This document will show all items filed on a particular claim for a particular provider. It will show which items were covered or noncovered and why, which items were denied and why, and which items were paid. It will also show the patient's responsibility as far as deductible and coinsurance goes. If the patient has a Medicare supplement or just a secondary plan and Medicare is aware who you have chosen, they will "crossover" the claim to the secondary. This means they will automatically send a notification to the secondary payor to let them know how much Medicare allowed (the total amount the provider should receive from Medicare, other insurance companies and the patient), and how much is being left to the patient/secondary.
the insurance company.