Explanation of Benefits
Official Definition:
“CMS states that each month you fill a prescription, your Medicare Prescription Drug Plan mails you an “Explanation of Benefits” (EOB). This notice gives you a summary of your prescription drug claims and costs.” – www.medicare.gov
[Medi-Care-Eez] Definition:
“…is a document provided by your Medicare Advantage Plan or Part D Prescription Drug Plan that explains in detail the benefits offered by the plan. This document offers more detail than the Summary of Benefits.”
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