As the Year Ends, Don't Let Benefits Slip Away

 

The end of the year always seems to sneak up on us. In the whirlwind of holiday preparations and year-end obligations, it’s easy to overlook important financial and health benefits. Many folks feel overwhelmed by the sheer number of tasks to juggle during this time. We understand, and that’s why we’re here to support you in taking the crucial steps to make the most of your benefits before they disappear.

 

Book Dental or Vision Appointments

 

Let’s not wait until January to realize we’ve missed out on utilizing dental or vision benefits. If your plan provides coverage for these services, use it now. If appointments are scarce, reach out to your provider about cancellation lists to get seen before the year's end.

 

Don't Let FSA Funds Go to Waste

 

FSAs are primarily "use it or lose it," meaning any remaining balance on December 31st could vanish. Check if your plan includes a rollover or grace period, but if not, now is the time to spend down those funds on eligible healthcare expenses.

 

Have You Maxed Out Your HSA Contributions?

 

You still have time to contribute to your Health Savings Account. The HSA offers a triple tax advantage – deductions on contributions, tax-free growth, and non-taxed withdrawals for medical expenses. So, consider maximizing your contributions this year to benefit financially in the long term.

 

Is Your Deductible Status 'Met'?

 

If you've met your health insurance deductible, you can enjoy lower out-of-pocket costs on medical appointments, procedures, or necessary follow-ups. Schedule these now before the deductible resets in the new year.

 

Refill Prescriptions Early

 

With the year’s end approaching, if you have met your deductible or maxed out-of-pocket expenses, it may be wise to refill regular medications sooner. This ensures continuity in needed prescriptions and can result in last-minute savings.

 

Seek Guidance from Your Plan Administrator

 

Uncertain about what remains in your benefits or eligibility criteria? Reach out to your plan administer or benefits advisor. Professional advice will ensure you’re making the most of what’s available to you.

 

A Small Effort for Big Savings and Peace of Mind

 

Taking just a few diligent steps now can secure substantial savings and bring peace of mind as we usher in the new year. Acting before December 31st not only preserves these valuable benefits but also empowers you to take control. Check your current status today or contact a professional for personalized assistance. Your future self will thank you.