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Wiki Records Retention-Insurance E.O.B's

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What is the statute on retaining insurance explanation of benefits and payment remits for a patient?
 
I am not aware of a statute for retaining insurance EOB or remits.

If one does not exist, the practice or facility should develop a retention policy that clearly defines the duration of time required. Remember to protect the PHI at all times while maintained.

If the practice or facility receives a notice of a possible malpractice claim, do not discard the associated documents without first consulting with an attorney, legal department, or risk management.

If you are seeking guidance on how long to keep records, I would recommend using the same retention policy that you use for medical records.
 
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