How Long Should You Keep Your Health Insurance Statements For?

Give this article a thorough read to find out how long should you keep your health insurance statements for?

Have you ever wondered how long you should keep your health insurance statements for? A health insurance statement is usually known as an Explanation of benefits. An explanation of benefits is a statement sent by a medical coverage organization to cover people clarifying what clinical therapies or potentially benefits were paid for their sake. The EOB is normally connected to a check or articulation of electronic installment.

If you want to know more about how long you should keep your health insurance statements for, then you have come to the right place. We have gathered all relevant information to help you understand everything that you need to know. So, what are you waiting for? Without much further ado, let us dive right in!

How long do I keep medical insurance statements for?

Hold tight to clinical protection proclamations frames in any event until you are certain that a specific doctor’s visit expense has been settled completely from all sources. This may require affirmation from the first clinical supplier with an assertion demonstrating a zero equilibrium. After your bill is settled completely, you should keep clinical protection proclamations in an inert stockpiling record for up to three to five years longer “to be safe.”

It isn’t exceptional for some clinical suppliers to send charges long after a clinical assistance has been given. Having clinical protection proclamations on record can help report the status of past clinical cases. You need to keep your medical insurance statements according to what your health condition is. Have a look:

Standard health conditions

  • Keep clinical EOBs in a record for one year. As the bills and EOBs for a clinical help come in, coordinate related things together, and address any errors you identify. Models may incorporate twofold charging or your medical coverage organization disregarding the way that you have met your deductible.
  • On the off chance that, toward the year’s end, you discover you have taken care of enough in clinical tabs to meet all requirements for the clinical assessment allowance, record the clinical EOBs with your expense documentation, and save for a very long time.
  • In the event that you don’t meet all requirements for the clinical assessment derivation, and the doctor’s visit expenses have been settled completely by you and all suppliers, and you are done doctoring for the condition, you can securely shred a year ago’s harvest of clinical EOBs while you’re wrapping up your duties.
  • In the event that a few bills are as yet exceptional or the patient is as yet accepting treatment, keep the connected EOBs for one more year, and rehash the cycle.

Serious health conditions

  • Keep a current document close nearby during the current year’s clinical EOBs. As the bills and EOBs for a clinical help come in, coordinate related things together, and address any errors you recognize.
  • Toward the year’s end, store these records in a date request, keeping things you’ve coordinated up together, in a less unmistakable spot. You could utilize a file organizer in another room or a cardboard document to confine a dry, buildup free stockpiling region. In the event that you guaranteed the clinical expense derivation, placed a note in your duty records cross-referring to these wellbeing documents.

Keep these clinical records as indicated by this timetable:

  • For a very long time after the genuine medical issue has cleared up.
  • For a very long time on the off chance that you’ve asserted the clinical allowance.
  • Inconclusively, if the patient is constantly sick.
  • Until the agent advises you that the domain is totally wrapped up, if the patient has died.

In both of the above circumstances, you can keep the clinical records on paper or filtered onto a PC dependent on your inclination. On the off chance that you keep paper documents, keep them out of regions where they can get wet, e.g., a cellar floor. In the event that you go the electronic course, make certain to back up your information dependably.

How long should I keep my personal medical records for?

Albeit electronic medical records currently make it simpler for specialists across practices to see your whole medical history, numerous patients feel more good keeping an individual record of their medical services. In the event that you are amassing medical coverage archives to track your therapies, you might need to keep the records inconclusively.

How long to keep insurance statements for?

In the event that your pile of medical coverage records is gradually beginning to assume control over your wardrobe or study, you’re likely prepared to throw some of them. Then again, you would prefer not to dispose of a portion of your wellbeing records just to find that you need them to address a blunder later on. Which medical coverage records you have to keep relies upon your own circumstance, however when in doubt, you can discard archives that relate to therapies that as of now have been finished and settled completely.

Keep medical coverage records until current therapies are finished, the health care coverage organization has paid for them and you’re sure that the issue has been settled. In the event that you discard records before this time, you could wind up unfit to demonstrate your case if botches are made or the insurance agency will not cover your clinical tabs. In case you’re not sure that the medicines and installments are totally shut cases, keep the insurance statements longer.

How long to keep prescription receipts for?

All other clinical records, nonetheless, for example, premium articulations, doctor or clinic charges, duplicates of medicines, just should be saved for a very long time after treatment has finished, except if you have guaranteed things on your government forms, in which case the supporting archives ought to be saved for a very long time.

How long should I keep medical bills for?

Keep every single bill of your visit to the doctor and supporting documentation, for example, dropped cheques or financial records, until you are certain that the bill has been affirmed as settled completely by you or potentially your insurance agency. In the event that you are deducting unreimbursed clinical costs on your government form, keep all supporting documentation as examined previously. Make sure to keep all wellbeing related bills, including dental, vision, amplifiers and over-the-counter meds, to give some examples.


Now that you have read this article, you know all about how long you should keep your health insurance statements for. Remember to understand whether your condition is serious or not and then keep your medical records accordingly. Good luck!

Charles Bains

Charles Bains

Charles Bains started his insurance career as a marketing intern before pounding the pavement as a commercial lines agent in Orlando, FL. As an industry journalist, his articles have appeared in a variety of trade publications. His insurance television career, short-lived but glorious, once saw him serve as the expert adviser on an insurance-themed infomercial (yes, you read that correctly). Having recently worked for various organizations, coupled with his broader insurance knowledge, Charles is able to understand our client’s needs and guide them accordingly. He is a gem for Insurance Noon as his wide area of expertise and experience have been beneficial in conducting further researches to come up with solutions and writing them in a manner which is easy for everyone including beginners to comprehend.