Plan Ahead: Maximize Benefits Before They're Gone

The festive season is nearly upon us, and with all the hustle and bustle, it’s easy to let important health and financial benefits slip through the cracks. As the year’s end rapidly approaches, many find themselves overwhelmed or unsure about how to fully utilize their benefits before they expire. Don’t let valuable coverage and savings vanish—take action now to ensure you’re maximizing what you’re entitled to and protect your financial well-being.

Refill Your Prescriptions

If you’ve met your deductible or out-of-pocket maximum for the year, it might be worth your while to refill your regular medications now. This simple step can save you money and help start the next year with a fresh slate.

Don't Forget Your Dental and Vision Benefits

Have you been putting off that dental cleaning or eye exam? Now’s the time! Schedule any necessary dental or vision appointments to utilize your insurance benefits before they reset. If your providers are booked, consider asking to be placed on their cancellation list to improve your chances of securing an appointment.

Check Your Deductible Status

Knowing where you stand with your health insurance deductible is crucial. If you’ve already met your deductible, this is an opportune moment to schedule any check-ups or procedures you’ve been postponing. By acting now, you’ll avoid resetting into the new year with unmet health needs.

Max Out Your HSA Contributions

Health Savings Accounts (HSAs) offer a unique triple tax advantage—contributions reduce your taxable income, earnings grow tax-free, and withdrawals for qualified expenses are also tax-free. Make the most of this financial tool by maximizing your contributions before the year’s end.

Utilize Flexible Spending Accounts

Flexible Spending Accounts (FSAs) are a “use it or lose it” resource, meaning unused funds don’t carry over into the new year. Unless your plan offers a rollover or grace period option, ensure you spend down your balance on eligible expenses by December 31st.

Seek Advice if Needed

If you’re feeling uncertain or overwhelmed about your benefits, don’t hesitate to reach out for assistance. Contact your plan administrator or a benefits advisor who can provide the guidance you need to make informed decisions.

Remember, a few proactive steps right now can lead to significant savings and peace of mind heading into the new year. Prioritize taking control of your health and financial benefits before December 31st. If you need clarity or help, check your current status or consult a professional to ensure you’re on the right track.