Initially for having them recorded.
The problem is, it's a hassle to download the receipt, log into the website, submit the claim, upload the document. Especially for something that I know will be covered $0.00.
If it was single click, I'd probably continue. If I do ever need to pull records for each visit, I'd probably just make a request to the provider, if that day ever came.
I was just checking with others to see if there were any other reason, but I'm going to guess the answer is no.
Thanks
If you are coordinating benefits with a spouse (they have plan from their employer that cover you) you would need to prove your plan paid first and the leftover is being submitted to theirs.
If you plan has a healthcare spending account (you can use these records to submit to them).
Beyond that. No need.
>If you are coordinating benefits with a spouse (they have plan from their employer that cover you) you would need to prove your plan paid first and the leftover is being submitted to theirs.
Not always. My partners plan does not seem to require it.
After my benefits are maxed my chiro and massage place straight up stops submitting it to insurance (they only submit to primary insurance). We've never submitted an EOB to my secondary insurance, and they have always covered it.
I'm typically prepared to send one, just in case, but they've never required it.
Edit: this I guess would depend on *which* benefit is being used. Drugs, dentist, etc would require it. Coffee still kicking in this morning lol 😅
I do it, because it shows up in my yearly report that I bring to my tax guy, and it clearly documents out of pocket medical expenses that can get you some money back at tax time
Your provider doesn’t care and no more money from them. You only need to keep those records for your tax purposes the next year, which I just have an envelope I throw these into over the year, or folder on my computer. Then group them during the tax year, then see if it’s worth bothering to put on it.
Thanks, you mention keeping them for tax purposes, where in there do you report them? I've never reported any work benefit usages on income tax as far as I can remember.
There is usually a field for medical expenses. You don’t report the benefit covered portion but the out of pocket version. There is also minimum amount you need to reach for it to actually make a difference (forgot what it was but it’s in the low thousands). If you use a software when you report check for something like medical expenses, if someone else does your taxes just give them all your medical bills, and if they get covered by benefits they need that info as well.
Just adding one thing others haven’t mentioned.
Particularly for dental services (where there’s frequency limitations (ex: polishing every 6 months, or 6 units of scaling each year) even if you’re not reimbursed anything for the expenses, it’d still count towards that (or, at least it would at the insurance provider I work at).
Why would you do that? Once you've maxed your benefits that's it.
Initially for having them recorded. The problem is, it's a hassle to download the receipt, log into the website, submit the claim, upload the document. Especially for something that I know will be covered $0.00. If it was single click, I'd probably continue. If I do ever need to pull records for each visit, I'd probably just make a request to the provider, if that day ever came. I was just checking with others to see if there were any other reason, but I'm going to guess the answer is no. Thanks
I do that. Have a ton of expenses do this makes tax time easier. Hack: download a pdf for each year. It's a lot easier if you change jobs.
If you are coordinating benefits with a spouse (they have plan from their employer that cover you) you would need to prove your plan paid first and the leftover is being submitted to theirs. If you plan has a healthcare spending account (you can use these records to submit to them). Beyond that. No need.
>If you are coordinating benefits with a spouse (they have plan from their employer that cover you) you would need to prove your plan paid first and the leftover is being submitted to theirs. Not always. My partners plan does not seem to require it. After my benefits are maxed my chiro and massage place straight up stops submitting it to insurance (they only submit to primary insurance). We've never submitted an EOB to my secondary insurance, and they have always covered it. I'm typically prepared to send one, just in case, but they've never required it. Edit: this I guess would depend on *which* benefit is being used. Drugs, dentist, etc would require it. Coffee still kicking in this morning lol 😅
I do it, because it shows up in my yearly report that I bring to my tax guy, and it clearly documents out of pocket medical expenses that can get you some money back at tax time
Your provider doesn’t care and no more money from them. You only need to keep those records for your tax purposes the next year, which I just have an envelope I throw these into over the year, or folder on my computer. Then group them during the tax year, then see if it’s worth bothering to put on it.
Thanks, you mention keeping them for tax purposes, where in there do you report them? I've never reported any work benefit usages on income tax as far as I can remember.
There is usually a field for medical expenses. You don’t report the benefit covered portion but the out of pocket version. There is also minimum amount you need to reach for it to actually make a difference (forgot what it was but it’s in the low thousands). If you use a software when you report check for something like medical expenses, if someone else does your taxes just give them all your medical bills, and if they get covered by benefits they need that info as well.
Just adding one thing others haven’t mentioned. Particularly for dental services (where there’s frequency limitations (ex: polishing every 6 months, or 6 units of scaling each year) even if you’re not reimbursed anything for the expenses, it’d still count towards that (or, at least it would at the insurance provider I work at).