Which document explains the payer's approved benefits and patient responsibility after processing a claim?

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After a claim is processed, the Explanation of Benefits communicates what the payer approved in terms of benefits and what you’re financially responsible for. It lists the allowed amount, how much the insurer will pay, and what you owe—such as deductible, copayments, and coinsurance—along with any adjustments or denials. This document helps you understand how the final bill was determined and what remains to be paid. An authorization is a pre-service approval for care, a medical record contains clinical information, and a consent form is permission for treatment or information release. So the Explanation of Benefits best explains post-processing benefits and patient responsibility.