As the End of the Year Approaches, Don’t Overlook Benefits
The end of the year can creep up on us faster than expected. Amid holiday preparations and celebrations, it’s easy to overlook the benefits from your health and financial plans that haven’t been utilized yet. You might feel overwhelmed or unsure about the next steps, but don’t worry, it's never too late to take action. As we edge towards December 31st, it’s essential to act promptly to make the most of the coverage and savings you’re entitled to.
Check Your Deductible Status
Have you met your health insurance deductible this year? If so, this is the perfect time to schedule any remaining check-ups, procedures, or follow-up appointments before your deductible resets in the new year.
Max Out Health Savings Account Contributions
There’s still time to contribute to your Health Savings Account (HSA) before the year's end. Take advantage of the triple tax benefits and maximize your contributions for significant savings.
Use Your Flexible Spending Account Funds
FSAs are typically “use it or lose it,” meaning any funds not spent by December 31st could be forfeited. Check your balance and consider spending on eligible expenses unless your plan offers a grace period or rollover.
Refill Prescriptions
If you’ve already met your deductible or out-of-pocket maximum, now is a great time to refill any long-term medications. Early refills ensure you don’t miss out on your coverage benefits.
Book Dental or Vision Appointments
Don’t let your remaining dental or vision benefits go to waste. Schedule appointments now to avoid losing unused coverage and consider asking your provider about cancellation lists if appointments are tight.
Contact Your Plan Administrator or Benefits Advisor
If you’re unsure about your coverage or the benefits remaining, remember that help is just a call away. Reach out to your benefits advisor or plan administrator for guidance and reassurance.
Taking a few small steps now can lead to significant savings and peace of mind. Before December 31st, act to take control of your benefits. Check your current status or reach out to a professional if you need assistance. Don’t let valuable benefits slip away—your savings and health coverage depend on it.
