the act of consuming, as by use, decay, or destruction. 2. the amount consumed: the high consumption of gasoline. 3. Economics. the using up of goods and services having an exchangeable value.
General Recommendations. Cigna, a large health care insurance carrier, recommends that you keep EOBs for at least one year. The eXtension website, a service of public colleges and universities, recommends keeping the EOB for three to five years after the medical claim is paid in full.
How long must you keep invoices for? Discussion in 'General Business Forum' started by mconridge, Jul 26, 2010. How long is the stat requirement for holding old invoices? We have every invoice we've issued over the last four years, but it doesn't half waste space! Three years seems to ring a bell but I can't seem to find any information to support this. Thanks