Do you need to shred old medical bills?
Asked by: Eric King | Last update: August 24, 2025Score: 4.2/5 (62 votes)
Should you shred old medical bills?
You don't need to hold onto medical bills long — you can have your bills destroyed once you've paid them and filed your income tax return.
How long should I keep old medical bills?
Medical bills should be retained for at least a year, and for tax purposes, they should be kept for three years to align with IRS audit regulations. Ongoing treatment bills should be preserved until the issue is resolved. Prescriptions have a different retention period, with the slips not requiring long-term storage.
Can I throw away old medical bills?
Yes. After you've paid your bill, you can pretty much shred these unless they contain tax-deductible expenses. In that case, you'll need to keep them with your “tax stuff.”
Is it okay to throw away old bills?
Shredding utility bills and other paper documents is a crucial step in reducing your risk of ID theft. Any paperwork that has your name, address or other personal information, should be shredded by a professional shredding company once it is no longer needed.
When to shred personal documents
Do old bills need to be shredded?
After paying credit card or utility bills, shred them immediately. Also, shred sales receipts, unless related to warranties, taxes, or insurance. After one year, shred bank statements, pay stubs, and medical bills (unless you have an unresolved insurance dispute).
Should I shred 20 year old bank statements?
Yes, you should shred 20-year-old bank statements. They're well beyond the recommended retention period of 3-7 years for tax and audit purposes. Shredding ensures your personal and financial information remains confidential, protecting against potential identity theft or fraud.
How long should you keep bills before shredding?
(Annual statements should be kept for three years.) Utility bills: Keep them longer (three years) if you need the bills as a record of business deductions for tax purposes.
How do I deal with old medical bills?
- Negotiate the bill down to an amount that you can afford.
- Ask if the provider will accept an interest-free repayment plan.
- Look for help paying medical bills, prescription drugs, and other expenses. ...
- Be careful about using a credit card or a medical credit card to pay off the bill.
What paperwork needs to be shredded?
Any document that's not a must-keep item like a marriage license or car title should be shredded if it has your bank account information or Social Security number on it.
How to dispose of old medical records?
- Hard copy paper and microfilm: Destroy paper using cross cut shredders which produce particles that are 1 mm × 5 mm (0.04 in. ...
- Mobile devices generally: Manually delete all information, and then perform a full manufacturer's reset to reset the mobile device to factory state.
Do medical bills ever expire?
Judgments stay either seven years or until the statute of limitations in your state is up, whichever is longer. And here's one more caveat: While unpaid medical bills will come off your credit report after seven years, you may still be legally responsible for them depending on the statute of limitations.
Do I need to keep old insurance bills?
In general, if you don't have any open claims, you don't need to keep old, expired insurance policies. However, if you have any open claims or have been involved in an incident that may result in a claim, keep all paperwork related to the incident and your policy until the claim is resolved.
Is there any reason to keep old medical bills?
Hang on to them for an additional year, especially if you plan on deducting the expenses on your income tax return. After that period, you can shred them. However, if you have a reoccurring condition, it may be a good idea to keep your bills indefinitely for personal records.
Is shredding really necessary?
As a general rule, you should always shred unneeded documents that contain your Social Security number (SSN), signature, account numbers, phone number, birthdate, passwords, PINs, and full address.
What papers can I throw away?
- Cell phone.
- Cable, telephone, internet and other streaming service statements (unless you're deducting them for work or home office-related expenses)
- Brokerage statements.
- Credit card bills.
- Pay stubs.
- Social Security statements.
- Utility bills.
What happens if you ignore medical bills?
Once medical bills enter collections, they are often reported to consumer credit reporting companies. Medical debt collections on a credit report can impact your ability to buy or rent a home, raise the price you pay for a car or insurance, and make it more difficult to find a job.
Can a hospital take your house for unpaid medical bills?
The short answer is yes, it is possible to lose your home over unpaid medical bills though the doctor or hospital would have to be willing to go to a lot of effort to make that happen. Medical debt is classified as unsecured debt. This means that your debt isn't tied to any collateral.
Will medical pay old bills?
Retroactive Medi-Cal covers unpaid medical expenses from the three months prior to the month you apply for Medi-Cal. If you have unpaid bills from the three previous months, enter that information during the application process. If you qualify for Medi-Cal, you will also be evaluated for retroactive coverage.
Is it safe to throw away old bills?
KEEP A MONTH
If you're self-employed, you may need your utility, cable and cell phone bills for tax purposes. Otherwise, you can dispose of them as soon as you verify your payment was processed. You can also dispose of bank withdrawal and deposit slips after verifying them with your monthly statement.
What papers should you keep for 7 years?
Supporting Tax Documents (Keep 3-7 Years)
The golden rule for these supporting documents is to keep them for three to seven years. These are records that verify the information on your tax returns. For businesses, supporting tax documents might include invoices, receipts, deposit slips, and payroll records.
Can I throw away old insurance policies?
When you purchase a new policy upon renewing or switching companies, you can discard old policy paperwork once you receive the new documents. However, you should keep old insurance policies if there is an open claim or the possibility of an open claim.
Should you shred medical bills?
Shred Within a Year
Switch to electronic statements for a safe and secure record. A few things you can shred in six months to a year: Bank statements. Paid, undisputed medical bills.
Should I shred my old driver's license?
Expired Permanent Records
Expired passports and driver's licenses, copies of birth certificates, old insurance policies and resumes should be shredded.
Can I throw away old credit card statements?
If you have a lot of financial documents to keep track of, you might wonder what you need to keep and what can be thrown away. In the case of credit card statements, it's usually wise to keep either paper copies or digital files for at least 60 days.