Plan to Use Unused Benefits Before 2026

The end of the year approaches with surprising speed, and amidst the holiday rush, it's easy to let important health and financial benefits slip through the cracks. If you're feeling overwhelmed or unsure about what steps to take, you're not alone. It's crucial to act now to ensure you don't lose out on valuable coverage and savings before the year closes.

Max Out Health Savings Account Contributions

Health Savings Accounts (HSAs) offer a triple tax advantage: contributions are tax-deductible, growth is tax-free, and withdrawals for qualified expenses are tax-free. There's still time to max out your HSA contributions for the year, so consider this a smart move for both your health and your finances.

Check Your Deductible Status

Be sure to check if you've met your health insurance deductible for the year. If you have, now might be the perfect moment to schedule check-ups, procedures, or follow-up appointments before your deductible resets, giving you more bang for your buck with each service.

Refill Prescriptions

For those who've already met their deductible or out-of-pocket maximum, refilling recurring medications early can be a smart and convenient choice. It's a step towards ensuring you have what you need, when you need it.

Book Dental or Vision Appointments

Don't forget about your dental and vision benefits. If you still have benefits remaining, now is the time to book those appointments. If your preferred provider is fully booked, ask about cancellation lists—many schedules open up during the holiday season.

Use Your Flexible Spending Account Funds

Remember, Flexible Spending Accounts (FSAs) operate on a “use it or lose it” basis. Spend down any remaining balances on eligible expenses before December 31st, unless your plan includes a rollover or grace period option. This ensures you get the full benefit of the funds you've set aside.

Contact Your Plan Administrator or Benefits Advisor

If you're feeling uncertain about your coverage or what steps to take next, remember that you're not alone. Reach out to your plan administrator or a benefits advisor—they’re there to help you navigate your benefits and make the most of them before time runs out.

A few small steps now can lead to significant savings and peace of mind. Acting before December 31st ensures maximum utilization of your benefits, putting you in control and setting you up for success in the new year. We encourage you to check your current status or reach out to a professional for assistance as needed. Let's make the most of what's left of 2023 together!