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Health Insurance Basics

Top Glossary Terms

Explanation of Benefits (EOB)

A statement sent by a health insurance company to covered individuals explaining what medical treatments and/or services were paid for on their behalf. EOBs are available both as a paper copy and online. What's the difference between an EOB and Personal Health Statement (PHS)? Read more here.

Personal Health Statement (PHS)

A Personal Health Statement (PHS) is a not a bill! It is a document that describes the medical services you have received from a doctor or a medical facility. After you receive medical care, you'll typically receive a bill and a PHS. Your PHS is designed to help you better understand your recent medical and prescription claims. What's the difference between an PHS and an Explanation of Benefits (EOB)? Read more here. See what's in a PHS here.