Plan Ahead: Maximize Benefits Before Year-End

The end of the year approaches faster than we'd like to admit, especially during the whirlwind of holiday activities. With so much happening, it’s easy to overlook crucial health and financial benefits you’re entitled to. Feeling overwhelmed or unsure where to start? You're not alone—and taking action now can prevent losing out on valuable coverage and financial savings.

Book Dental or Vision Appointments

Have you used up your dental and vision benefits for the year? If not, book those appointments now. Often overlooked, these benefits can help you maintain overall health. If your preferred providers don’t have availability, ask about their cancellation lists for a chance to get in sooner.

Check Your Deductible Status

Have you met your health insurance deductible for the year? If yes, this is an ideal time to schedule check-ups, medical procedures, or follow-up appointments. Capitalizing on these appointments now can maximize your benefits before they reset in the new year.

Contact Your Plan Administrator or Benefits Advisor

Uncertain about what benefits you have left or feeling lost with the process? You're not alone, and help is readily available. Reach out to your plan administrator or benefits advisor to get clarity and ensure you're not missing out on any entitlements.

Max Out Health Savings Account Contributions

HSAs offer a unique triple tax advantage: contributions are tax-deductible, grow tax-free, and distributions for qualified medical expenses are tax-free. You have until December 31st to make additional contributions for this year—talk about a win-win for your savings!

Refill Prescriptions

If you’ve met your deductible or out-of-pocket maximum, consider refilling your prescriptions early. Doing so can be a cost-saving measure, allowing you to utilize this year’s coverage for recurring medications.

Use Your Flexible Spending Account Funds

FSAs operate on a “use it or lose it” basis. Unless your plan offers a rollover or grace period, make sure to utilize your FSA funds on eligible expenses like medical equipment or out-of-pocket health-related costs by December 31st.

Handling these tasks now can lead to significant savings and grant you peace of mind. By taking control before December 31st, you’re not only securing your future health but also your financial well-being. Ready to take charge? Assess your status today or reach out to a professional if needed. Your benefits are waiting—don’t let them slip away!