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.
DEFINITION of 'Health Insurance'. A type of insurance coverage that pays for medical and surgical expenses that are incurred by the insured.Health insurance can either reimburse the insured for expenses incurred from illness or injury or pay the care provider directly.Health insurance is often included in employer benefit packages as a means of enticing quality employees.he cost of health insurance premiums is deductible to the payer, and benefits received are tax-free. Health insurance has many cousins, such as disability insurance, critical (catastophic) illness insurance and long-term care (LTC) insurance.