Do you throw out your expired medications? Then I've got some news for you. I can't tell you how many times I've thrown out medication - prescription or otherwise because it's past the expiration date. And we're not talking one day here, we're talking like a year. What can I say? I have a problem with letting go of stuff. Well, there's some good news, according to Harvard, while medication could theoretically lose some of it's potency past the expiration date, there are no ill-effects from taking medications even 15 years after they've expired. So if you haven't cleared out what's expired, there's no need to. You no longer need to worry that if you pop that three year old cold pill in a moment of absolute need, that you'll end up in the emergency room hallucinating and foaming at the mouth.