The Holiday Rush is Here: Don't Overlook Your Benefits!
As we sprint toward the end of the year, it's easy to lose track of important health and financial benefits amidst the holiday hustle and bustle. The last few months of the year can often feel overwhelming, and you might find yourself unsure about how to maximize your benefits. You're not alone! It's crucial to act now to ensure you don't miss out on valuable coverage and savings.
Book Those Dental or Vision Appointments
Have you been putting off a dental or vision check-up? Now's the time to act! Schedule those appointments and make full use of any remaining benefits. If your preferred slots are filled, don't hesitate to ask about cancellation lists—someone else's change of plans might just work in your favor.
Have You Checked Your Deductible Status?
Take the opportunity to review whether you’ve met your health insurance deductible. If so, this may be the perfect time to arrange any necessary check-ups or procedures before your deductible resets. Avoid starting the new year by paying out of pocket when you can complete it instead.
Refill Your Prescriptions
If you've met your deductible or out-of-pocket maximum, consider refilling recurring medications early. This strategic move not only saves money by taking advantage of your coverage but also ensures you're well-prepared heading into the new year.
Max Out Your Health Savings Account Contributions
Don’t forget that you can continue contributing to your Health Savings Account (HSA) until the end of the year. With a triple tax advantage—tax-deductible contributions, tax-free earnings, and tax-free withdrawals for qualified expenses—it's an opportunity to boost your savings substantially.
Utilize Your Flexible Spending Account Funds
Remember, Flexible Spending Accounts (FSAs) are typically "use it or lose it," meaning any unspent funds might not carry over into the new year. Make sure to spend down your balance on eligible expenses before December 31st, unless your plan offers a rollover or grace period.
Not Sure About Coverage? Contact Your Plan Administrator
If you're feeling uncertain about your remaining benefits or coverage details, reaching out for assistance can clarify your path. Your plan administrator or benefits advisor can provide the support you need to navigate these important decisions confidently.
A few simple steps now can lead to significant savings and provide peace of mind. Remember, acting before December 31st is crucial, so take control and make the most of your benefits. Check your current status, and if you’re in need of assistance, don't hesitate to reach out to a professional.
