What is Cobra?

COBRA stands for Consolidated Omnibus Reconciliation Act. Basically, COBRA allows you and/or your family to continue receiving your employer health coverage should you lose your job. But, understanding your COBRA eligibility can be difficult. Here are a few things to keep in mind: You will have to pay the entire premium, plus an additional 2%…

What is an Explanation of Benefits (EOB)?

Medicare Supplements and EOBs If you receive a healthcare service, your provider will have to file a claim with your insurance carrier. For individuals on a Medicare supplement, your provider will file the claim with Medicare, who will then approve or deny the charges. If Medicare approves this claim, the remaining balance will be forwarded…