What does Schedule of Benefits mean? Read on to discover the definition & meaning of the term Schedule of Benefits - to help you better understand the language used in insurance policies.
Schedule of Benefits
A schedule of benefits (SOB) is a list of the various services covered under a health insurance plan, along with the associated fees. Policyholders receive these schedules so that they know which services and treatments are covered and which are not. Some treatments and services may require a co-pay.
We hope the you have a better understanding of the meaning of Schedule of Benefits.