What to Keep and for How Long
- Medical bills: Keep medical bills for at least a year. You may be required to provide proof of medical claims to your insurance company.
- Receipts: Keep co-pay and pharmacy receipts for at least a year. If you have significant medical expenses and plan to deduct them from your taxes, you should keep these receipts for at least three years along with your tax returns.
- Insurance documents: Keep all documents related to an insurance policy, such as summaries of benefits, for as long as the policy is active.
Always Shred Personal Information
Unfortunately, identity theft is a common occurrence, and one of the easiest ways for identity thieves to access your sensitive information is via discarded documents that have not been shredded. You should shred any medical record that has personal information anywhere in or on it before throwing it away. Sensitive personal information includes names, addresses, contact information, social security numbers, health insurance policy numbers, credit card information, account numbers and bank information.
To learn more about how to handle medical records and protect your personal information, contact Sackett & Associates today. Also, subscribe to our blog, follow us on Twitter and like us on Google+ and Facebook.