Plan to Use Unused Benefits Before 2026

Don't Let Unused Benefits Slip Away: Act Now!

As the end of the year approaches, it's easy to get caught up in the holiday rush and overlook important health and financial benefits. Many of us feel overwhelmed, unsure about the steps needed to ensure we maximize our benefits before they expire. It's important to take action now to avoid missing out on valuable coverage and savings.

Use Your Flexible Spending Account Funds

The "use it or lose it" nature of Flexible Spending Accounts (FSAs) means that unused funds may vanish if not spent by December 31st, unless your plan includes a rollover or grace period. Take stock of your current balance and spend it on eligible expenses to ensure your money is well-utilized.

Max Out Health Savings Account Contributions

Don't forget that Health Savings Account (HSA) contributions can be made up until the end of the year. Seize the opportunity to benefit from the triple tax advantage, which includes pre-tax contributions, tax-free earnings, and tax-free withdrawals for qualified medical expenses. Consider upping your contributions for additional savings.

Check Your Deductible Status

Have you met your health insurance deductible? If so, this might be the perfect time to schedule check-ups, procedures, or follow-up appointments before your deductible resets. This step ensures you receive necessary care with minimized out-of-pocket costs.

Refill Prescriptions

If you've already reached your deductible or out-of-pocket maximum, look into refilling recurring medications early. This can be a smart move to save money and ensure you have your medications on hand when you need them.

Book Dental or Vision Appointments

Many dental and vision benefits work on a yearly basis. Make use of any remaining benefits by booking these appointments now. If you're having difficulty securing a spot, ask providers about their cancellation lists for an added chance to use your coverage.

Contact Your Plan Administrator or Benefits Advisor

If you're unsure about your coverage or remaining benefits, remember that help is available. Reach out to your plan administrator or benefits advisor for clarity and guidance on making the most of your plans.

Remember, taking a few small steps now can pave the way for significant savings and peace of mind. Act before December 31st and take control of your benefits. Check your current status or reach out to a professional if assistance is needed. Your future self will thank you!