Business people commonly use COB and EOB interchangeably. EOB stands for “end of business,” a phrase that has the same meaning as “close of business.” In other words, the time when a company closes its doors at the end of the day.
Denial code CO16 means that the claim received lacks information or contains submission and/or billing error(s) needed for adjudication. In other words, the submitted claim doesn't have what the insurance company wants on it, or something is wrong.
The EOB is your insurance company's written explanation for that claim, showing the name of the provider that covered the service and date(s) of service. The insurer is also required to send you a clear explanation of how they computed your benefits.
The goal is to make health coverage easier to get and more affordable. California's new health care marketplace, called Covered CaliforniaTM, is one of the ways to help you do that. Health Net is part of Covered California. We want to help you find the coverage that is right for you.
Providers billing for professional services, and medical suppliers, must complete the CMS-1500 (version 02/12) form. The form must be completed in ance with the guidelines in the National Uniform Claim Committee (NUCC) 1500 Claim Form Reference Instruction Manual Version 5.0 7/17 .
Timely filing is when you file a claim within a payer-determined time limit. For example, if a payer has a 90-day timely filing requirement, that means you need to submit the claim within 90 days of the date of service.
When Health Net is the secondary payer, we will process claims received within 180 days after the later of the date of service and the date of the physician's receipt of an Explanation of Benefits (EOB) from the primary payer.
Original (or initial) Medi-Cal claims must be received by the California MMIS FI within six months following the month in which services were rendered. This requirement is referred to as the six-month billing limit.
If a claim is not submitted within 60 calendar days, or the requested information is not returned to Health Net within 60 calendar days, the claim will be denied.