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Understanding Your Medical Bill: A Complete Guide to EOBs and Itemized Statements

A

AskBenefits Team

Benefits Experts

December 8, 2024
8 min read

Medical bills can look like they're written in a foreign language. Learn how to decode every line item, understand your EOB, and spot costly errors before you pay.

Why Understanding Your Medical Bill Matters

The average American receives at least one medical bill they don't fully understand each year. More alarmingly, studies suggest that up to 80% of medical bills contain errors. If you can't read your bill, you can't catch mistakes—and those mistakes cost money.

This guide will teach you to read medical bills like a pro.

The Two Documents You'll Receive

After receiving medical care, you'll typically get two important documents:

1. Explanation of Benefits (EOB)

Your EOB comes from your insurance company (not the doctor). It's not a bill—it's a summary of how your claim was processed.

Key EOB sections:
  • Services Provided: What was done
  • Amount Billed: What the provider charged
  • Allowed Amount: What your insurance agreed to pay
  • What Insurance Paid: Their portion
  • What You Owe: Your responsibility

2. The Actual Bill

Your bill comes from the provider (hospital, doctor, lab). This is what you're expected to pay.

Always compare your bill to your EOB. They should match. If they don't, something is wrong.

Decoding Common Medical Billing Codes

CPT Codes (Current Procedural Terminology)

These 5-digit codes describe the procedure or service performed:

CodeDescription
99213Office visit, established patient, 20-29 mins
99214Office visit, established patient, 30-39 mins
99215Office visit, established patient, 40-54 mins
99283ER visit, moderate severity
99285ER visit, high severity
36415Blood draw
80053Comprehensive metabolic panel

ICD-10 Codes (Diagnosis Codes)

These codes describe your diagnosis and justify why services were needed.

Revenue Codes

Used by hospitals to categorize departments (pharmacy, radiology, etc.).

Line Items You'll See on Hospital Bills

Room and Board

  • Room charges: Per-night cost for your bed
  • ICU charges: Intensive care (much higher)
  • Observation vs. Admission: Big difference in how insurance pays

Pharmacy Charges

  • Each medication listed separately
  • Often marked up significantly
  • Check against retail prices

Lab Services

  • Blood tests, cultures, etc.
  • Multiple codes for one blood draw
  • Can vary wildly in price

Radiology/Imaging

  • X-rays, CT scans, MRIs
  • Technical fee (taking the image)
  • Professional fee (reading it)

Supplies

  • Everything from bandages to surgical mesh
  • Often extremely marked up
  • Can request itemization

Red Flags: Common Billing Errors

Duplicate Charges

Same service appearing twice. Common with:
  • Multi-day stays
  • Complex procedures
  • Lab work

Unbundling

Services that should be billed together are separated to charge more. Example: A blood panel should be one charge, not 12 separate tests.

Upcoding

Being charged for a more expensive service than you received. Example: Charged for a complex office visit (99215) when you had a routine one (99213).

Incorrect Patient Information

Wrong name, ID number, or dates can cause:
  • Claim denials
  • Coverage issues
  • Billing to wrong person

Never Events

Hospitals shouldn't bill for:
  • Hospital-acquired infections
  • Wrong-site surgery
  • Objects left in body

How to Dispute a Bill

Step 1: Request an Itemized Bill

Call billing and specifically ask for a line-by-line itemized statement, not just a summary.

Step 2: Compare to EOB

Every charge should have a corresponding EOB entry. Mismatches = problems.

Step 3: Research Prices

Use resources like:
  • Healthcare Bluebook
  • FAIR Health Consumer
  • Medicare fee schedule

Step 4: File a Formal Dispute

Put it in writing with:
  • Specific charges you're disputing
  • Reason for dispute
  • Supporting documentation

Step 5: Escalate if Needed

  • Hospital patient advocate
  • Insurance appeals process
  • State insurance commissioner

Understanding Insurance Terms

TermWhat It Means
DeductibleWhat you pay before insurance kicks in
CopayFixed amount per visit
CoinsurancePercentage you pay after deductible
Out-of-pocket maxMost you'll pay in a year
Allowed amountMax insurance will pay for service
Balance billingProvider billing you the difference

Quick Reference: Reading Your EOB

Steps to review your EOB:
  • Check the date of service matches your visit
  • Verify the provider name is correct
  • Review each service listed
  • Confirm the "Amount Billed" seems reasonable
  • Check "Amount Allowed" vs "Amount Billed"
  • Verify insurance payment was applied
  • Calculate your expected responsibility
  • Compare to the bill you receive
  • Get Help Understanding Your Bill

    Still confused? You're not alone. Medical billing is intentionally complex, and everyone needs help sometimes.

    Use our free Bill Explainer → Upload any medical bill and get a plain-English breakdown of exactly what each charge means.

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    This guide is for educational purposes. For specific billing disputes, consider consulting with a medical billing advocate or healthcare attorney.
    #medical bills#eob#healthcare costs#billing codes

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