I'd like to add a question to this old topic. I like the idea of saving your receipts and paying out of pocket instead of from the HSA. This allows more money to grow tax free, as long as you can afford it. It also means that if you do have medical expenses that pile up over the years, you have an emergency fund up to the amount of your receipts that you can tap if needed (like the principal in a Roth account).
My question is, what do you all think is the best way to keep these receipts? I mean, I have kept receipts throughout the years for tax purposes, but I think those only have to go back 7 years (though mine go back 14 years). But for something that could be very long term, like 30+ years is there any recommendation that people have for keeping these receipts and keeping them organized. Do you all plan on keeping the physical copies? Electronic scans? Both? I don't know if I'm even going to be receiving physical copies for everything (though I guess I could just print it).
Just looking for what others have done or are doing, any lessons learned and ways that they plan on improving.
Edit: Are there any rules as far as what info needs to be on the receipt (or type of receipt). For instance, when I go to the pharmacy they have the info about the drugs (including price), date, everything, and they staple to this (and the bag) the receipt that comes out of cash register. Is ALL of this required? Or could I get away with just keeping the smaller receipt with all the pertinent info (I'd imagine this is the case, as that is what I've used in the past when faxing in info for FSA claims).