A single use intravenous (IV) therapy administering device comprising an IV bag puncture needle assembly, a drip chamber, a flow regulator, a fluid filter, an IV needle assembly is disclosed. An IV infusion line provides a conduit to allow medical fluid to flow from the IV bag puncture needle assembly to the IV needle assembly. A used indicator line provides a conduit to allow colored fluid to flow from the IV bag puncture needle assembly to the fluid filter. Used indicators on the IV bag puncture needle assembly and the IV needle assembly and the colored fluid in the used indicator line allow the administering device to be identified if the device has been used. Retractable safety covers on the IV bag puncture needle assembly and the IV needle assembly prevent accidental exposure to the needles.