Medical Billing Forum
Medical Billing Forum - Get all of your billing & coding questions answered here!
Welcome,
Guest
. Please
login
or
register
.
Did you miss your
activation email
?
1 Hour
1 Day
1 Week
1 Month
Forever
Login with username, password and session length
News:
Online Courses!
Start Taking Medical Billing Courses Online - Free Financing & Special Discounts Available!
Click Here for the Savings
Home
Help
Search
Login
Register
Medical Billing Forum
»
Payments
»
Insurance Payments
(Moderators:
Alice Scott
,
Michele
) »
Time Frame on Keeping EOB's
« previous
next »
Print
Pages: [
1
]
Author
Topic: Time Frame on Keeping EOB's (Read 6093 times)
macbook
Jr. Member
Posts: 60
Time Frame on Keeping EOB's
«
on:
August 20, 2012, 03:07:17 PM »
Hello,
How long do you keep your EOB's? Is there a standard requirement for this? We just automatically upload it into our system and keep it there. Bu was wondering if there is a requirement so to speak.
Thank again for all your valuable replies.
Kind Regards.
Logged
DMK
Hero Member
Posts: 680
Re: Time Frame on Keeping EOB's
«
Reply #1 on:
August 20, 2012, 03:24:57 PM »
My understanding is 7 years minimum. Some states require 10.
Logged
Michele
Administrator
Hero Member
Posts: 5927
Re: Time Frame on Keeping EOB's
«
Reply #2 on:
August 20, 2012, 11:52:08 PM »
It does vary from state to state so you need to check yours, but DMK is right. The two I have seen is 7 and 10.
Logged
Sign Up for our FREE
Medical Billing Newsletter
Get a 10% discount on
Medical Billing Products
by using Coupon Code: 10OFF
http://www.solutions-medical-billing.com
DMK
Hero Member
Posts: 680
Re: Time Frame on Keeping EOB's
«
Reply #3 on:
August 21, 2012, 01:10:56 PM »
Funny, I got our new Blue Shield contract and they stated in the contract that we have to keep records for 6 years for regular Blue Shield clients, and 10 years for the Medicare/Blue Shield clients. Wow.....
Logged
PMRNC
Hero Member
Posts: 4562
Re: Time Frame on Keeping EOB's
«
Reply #4 on:
August 21, 2012, 02:11:14 PM »
Yes there are contract record retention laws, contract and state law would supersede Federal. Now let's say your state said 15 years, you would follow state guidelines since its longer.
Logged
Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com
Medical Billing Forum
Re: Time Frame on Keeping EOB's
«
Reply #4 on:
August 21, 2012, 02:11:14 PM »
macbook
Jr. Member
Posts: 60
Re: Time Frame on Keeping EOB's
«
Reply #5 on:
August 24, 2012, 10:39:12 PM »
Thank you for all your replies.
I understand for medical records we do need to keep them for awhile.
But for EOB's too?
For Texas, which institution should we be asking. A colleague asked TMB the Texas medical Board. And they said no need to keep. Which is quite unusual. Because personally we do need to keep it for financial records right?
Thanks again for all your replies.
Logged
PMRNC
Hero Member
Posts: 4562
Re: Time Frame on Keeping EOB's
«
Reply #6 on:
August 25, 2012, 12:47:52 PM »
EOB's are your "source documents" They follow the laws under "record retention"
Logged
Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com
Medical Billing Forum
Re: Time Frame on Keeping EOB's
«
Reply #6 on:
August 25, 2012, 12:47:52 PM »
Print
Pages: [
1
]
« previous
next »
Medical Billing Forum
»
Payments
»
Insurance Payments
(Moderators:
Alice Scott
,
Michele
) »
Time Frame on Keeping EOB's