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Keeping records of your out-of-pocket medical and dental expenses is important if you want to include these expenses on your annual tax returns. It can also serve as a reference to determine your needs when you are choosing the best health care plan for you when your current policy expires. There are several computer programs that can help you maintain your medical expenses, or you can opt simply to keep your paper records in a file in a convenient location. Be sure to keep records of your own medical expenses, as well as those of anyone covered under your plan (such as your spouse or children).
Here is a brief list of some of the information you should keep.
Here is a brief list of some of the information you should keep.
- Statements of your processed claims
- Credit card statements that include payments of medical expenses
- Processed checks you have written to cover medical expenses
- Receipts of purchases related to medical or dental expenses
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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.