COB stands for something important in a specific context, possibly related to finance, insurance, or another technical field. I want to know the precise definition of COB in that context.
7 answers
TaegeukChampion
Sun Nov 17 2024
Coordination of benefits is a vital process employed by insurance companies.
Martina
Sun Nov 17 2024
This process is designed to address situations where an individual is covered by multiple health insurance plans.
Michele
Sun Nov 17 2024
The main objective of coordination of benefits is to establish a clear payment structure for medical expenses.
SoulWhisper
Sun Nov 17 2024
It helps to avoid double payments and ensures that all expenses are covered appropriately.
Tommaso
Sat Nov 16 2024
The process involves determining which insurance plan will serve as the primary payer.