Remittance Advice (RA) is a form that outlines the amount billed, the amount allowed, subscriber liability, and paid amount. This document is commonly known as which of the following?

• A. Premium Statement
• B. Billing Summary
• C. Explanation of Benefits (EOB)
• D. Explanation of Payment (EOP)

Answer: (C)

The main idea is recognizing the common term for the payer’s notice that explains how a claim was processed. This document shows the amount billed, the amount allowed by the plan, the patient’s responsibility (deductibles, coinsurance, copays), and what the insurer paid. It’s what patients typically receive to understand why a claim was paid as it was and what balance may remain. In practice, this notice is known as the EOB. Some payers use a similar label like EOP, but the term most widely used and recognized is EOB. Premium statements or billing summaries address premiums or overall charges rather than detailing the processing of a specific claim.