Schedule of Benefits
What is a Schedule of Benefits (SOB)?
This document provides essential information about a health insurance plan, including costs, benefits, and exclusions. Also referred to as a Summary of Benefits and Coverage (SBC), it outlines:
- What a health plan covers and doesn't cover
- Deductibles, out-of-pocket maximums, copays, coinsurance
- The costs associated with each type of service
An example of page 1 of this document is above; it can be 1-10 pages. Please be sure that the coverage period is either for your current company plan year, or if that’s ending, the one that will soon be in place.