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Main menu. Understanding an EOB and Your Bill. An Explanation of Benefits (EOB) is the document that health insurance companies send to communicate their decisions to members regarding payment for services. Every insurance company EOB is different, and many of them are difficult to understand.
What is a FOB (Freight on Board). FOB is an acronym for Freight on Board. In North America, Freight on Board is a term that is commonly used when someone is shipping goods within the United States.It is a way to indicate who will pay loading and transportation costs. It is a contractual term and it indicates several things.hat is a FOB (Freight on Board). FOB is an acronym for Freight on Board. In North America, Freight on Board is a term that is commonly used when someone is shipping goods within the United States.