1 year
Because they are not the same as the health insurance policy itself, there is no need for cluttering valuable fireproof space with EOB records. As a rule, keep important records, such as tax returns, insurance policies, care titles and property ownership records in a safe or other fireproof container. Most financial advisers recommend that you keep explanation of benefit documents until you are sure that the medical provider has been compensated by the insurance company for services rendered. For most, a year should be sufficient for compensation purposes. Health insurance explanation of benefit documents, or EOBs, account for a large portion of your health insurance file, and knowing when it's best to put these in the trash can help reduce your insurance file significantly. Other People Are Reading. Compare that amount with the amount of the insurance company’s payment to the provider. Retain records for a minimum of six years as a method of proof to the IRS the amount of the health care deduction claimed, if there is one. It is best to keep health insurance EOB records for at least one year before destruction. However, if records need to prove income tax deductions, then they should be kept for at least six years. Not sure about what HIPPA says but I'd at least keep them until you get a matching bill from the doctor. Allot of doctors have contracts with the insurance and still tries to bill the patient for stuff that should be written off.. make sure they match up before throwing them away!!! 1. Keep medical EOBs in a file for one year. As the bills and EOBs for a medical service come in, match related items together, and address any discrepancies you detect. Examples might include double billing or your health insurance company overlooking the fact that you have met your deductible. Briefly, those reasons are how long to retain the records, which records to keep for help and clarification when supporting claims data, and where to keep health insurance EOB records.
http://www.healthinsuranceqna.org/how-long-should-i-keep-health-insurance-eob-records/ http://www.ehow.com/info_8673488_long-need-keep-insurance-eob.html http://www.ehow.com/info_8673488_long-need-keep-insurance-eob.html http://www.healthinsuranceqna.org/how-long-should-i-keep-health-insurance-eob-records/ http://www.mcrh.org/HIPAA/36864.htm http://www.napo-gpc.org/blog/2012/03/how-long-should-i-keep-explanations-of-benefits-from-medicare-and-health-insurance-companies/ http://www.healthinsuranceqna.org/how-long-should-i-keep-health-insurance-eob-records/
how long should i keep insurance eobs