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.