The minimum wage in Pennsylvania is $7.25, equal to the federal minimum wage. In Philadelphia, where the cost of living is nearly 20% higher than the national average, that hourly minimum has a purchasing power of just $6.12. That's the lowest of any city in our study and its equal to an annual income of about $12,730.
Explanation of benefits. An explanation of benefits (commonly referred to as an EOB form) is a statement sent by a health insurance company to covered individuals explaining what medical treatments and/or services were paid for on their behalf. The EOB is commonly attached to a check or statement of electronic payment.
Copay vs Coinsurance. Health or medical insurance is an insurance coverage that is purchased for the purpose of providing protection and coverage against health related risks. Medical insurance is unique insurance cover with its own terminology and unique structure.