Faster Medicare Information: Explanation of Benefits within 30 Days.
This law shortens the waiting time for documents detailing what Medicare paid for medical services. Under the new rules, citizens will receive a detailed Explanation of Benefits (EOB) within 30 days of receiving the service or payment being made. This increases transparency in medical finances and allows patients to quickly verify how much they owe.
Key points
Medicare beneficiaries will receive their Explanation of Benefits (EOB) no later than 30 days after receiving a medical item or service.
The goal is to inform patients faster about costs, insurance coverage, and potential out-of-pocket expenses, making budget management easier.
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