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Glite Dictionary
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AOB

AOB

1 8.9
An agreement that lets someone else get insurance claim payments directly
  • noun
  • Jargon
: cesión de beneficios
  • Before repairs began, the homeowner signed an AOB with the restoration company.

Examples

  • Signing an AOB allows your doctor to receive payment from your insurance company.

  • Please include AOB in your insurance policy.

  • The contractor requested an AOB so they could handle the insurance claim directly.

  • The AOB allows the contractor to receive payments directly.

  • Under the AOB arrangement, the clinic can directly bill the insurance company for the services provided.

  • The homeowner signed the AOB to allow the contractor to receive payment for the repairs directly from the insurance.

  • With an AOB in place, the patient no longer has to handle the claims process themselves.

Surface Forms

AOB singular
AOBs plural

Etymology

AOB is short for assignment of benefits. The word assignment means 'to give' and benefits means 'payments' from an insurance company, so signing an AOB lets someone else get the insurance payment directly.