Final answer:
An Explanation of Benefits is a document explaining medical service coverage and payment details sent by insurers to patients.
Explanation:
An Explanation of Benefits is a document sent by an insurer to a patient detailing what was covered for a medical service and how payment amounts and patient responsibility were determined.
It helps individuals understand the financial aspects of their healthcare and what costs are covered by their insurance plan.
Understanding premiums, deductibles, and co-payments is essential in comprehending an Explanation of Benefits.
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