Should Your Medical Insurance Provider be Paying More? New Report Reveals True Meanings Behind the Insurance Company’s Explanation of Benefits.

A free report was just released by Medical Recovery Services, Inc. that reveals the meaning of the information listed on an Explanation of Benefit (EOB) and an insurance denial watch list. Medical Recovery Services has just published this report on the web in order to help patients better understand their hospital or physician bills.

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Patients have the right and responsibility to know what their benefits mean. Our EOB and insurance denial report should help patients to better clarify what to look for on an EOB, as well as what the expectations of their insurance provider should be.

Salem, VA (PRWEB) February 12, 2014

Medical Recovery Services is providing this report for patients to decode the insurance company’s Explanation of Benefits (EOB), revealing the actual meaning of the column headings. There is no charge for this report. It is intended to help the patient better understand their medical bills. When a patient has been overcharged or improperly charged for medical services, a problem that affects 80% of all patients, the information on the EOB is an information starting point for researching medical billing fraud. This EOB and insurance denial report is free and readily available on Medical Recovery Services’ website with no obligation to purchase anything.

This free report from Medical Recovery Services explains the meanings behind all of the column headings of the form. Armed with a clear understanding of what the information on the EOB really means, a patient can detect overcharges on their medical bills. This EOB and insurance denial report explains what information is listed on the EOB, denial reasons, and how to fight them. After the patient finds out which procedure they are being billed for, they can discover if they are being billed multiple times for the same procedure or are being billed with unbundled billing. Both unbundled billing and multiple billings for the same procedure are against the American Medical Association’s guidelines and are considered fraudulent billing.

Although many Americans have health insurance, they’re more often than not unaware of what their plan actually covers as stated by the insurance company’s Benefit booklet. For Pat Palmer, founder of Medical Recovery Services, the goal is quite simple: “Patients have the right and responsibility to know what their benefits mean. Our EOB and insurance denial report should help patients to better clarify what to look for on an EOB, as well as what the expectations of their insurance provider should be.”

The EOB and insurance denial report will provide the meaning of the term maximum allowable fee and how this can potentially affect the patient’s financial responsibility. If the charges are well above the usual and customary charge for the procedure, the patient should dispute the exorbitant fee. Medical Recovery Service’s free EOB report puts the patient on the right path to understanding their EOB from their insurance company.

Medical Recovery Services founder Pat Palmer has been helping patients spot medical billing fraud and billing mistakes since 1994. Palmer goes beyond just educating patients; she helps them get the fraudulent charges removed. She has been featured on numerous news programs and in magazines such as FOX, ABC, CNN, NPR, Time, The Christian Science Monitor and Reader’s Digest. Palmer is considered one of the medical billing industry’s leaders and a pioneer in fighting fraudulent medical bill charges.

You can view the full post and report by following this link:

http://www.medicalrecoveryservices.org/reduce-medical-bills/should-medical-insurance-provider-be-paying-more-explanation-of-benefits-explained/


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