Plan to Maximize Benefits Before 2026

The end of the year is rapidly approaching, bringing with it the holiday hustle and a flurry of to-dos. It's all too easy to overlook your health and financial benefits, especially with festive distractions at every corner. If you're feeling frazzled or unsure about how to manage your year-end benefits, you’re not alone. But taking action now can prevent losing out on valuable coverage and savings.

Check Your Deductible Status

The first step is to check if you've met your health insurance deductible. If you have, this is an excellent moment to schedule check-ups, procedures, or any follow-up appointments you've been putting off. Time is ticking for your deductible to reset, so make the most of it while you can.

Use Your Flexible Spending Account Funds

Don't let your hard-earned dollars go to waste! Remember, FSAs are typically "use it or lose it" accounts. Check your plans for any rollover or grace period, but if not, spend down your balances on eligible expenses before December 31st to maximize your savings.

Refill Prescriptions

If you've met your deductible or out-of-pocket maximum, it's a great opportunity to refill any recurring medications ahead of schedule. Early refills can be a lifeline in managing ongoing health needs and lightening the financial load.

Book Dental or Vision Appointments

Utilizing any remaining benefits can be as simple as booking that dental or vision appointment you’ve been putting off. Spaces fill up quickly, so consider asking your provider about cancellation lists to snag a slot before the year's end.

Max Out Health Savings Account Contributions

Don’t forget, your HSA contributions can continue through to year-end. Alongside the triple tax advantage, maxing out contributions now can offer substantial long-term benefits. Put more into your account to reap the rewards.

Contact Your Plan Administrator or Benefits Advisor

If you’re feeling unsure or overwhelmed, reach out. Your plan administrator or benefits advisor can provide clarity and help you navigate your options. Understanding your coverage is pivotal to making informed decisions.

Ultimately, a few simple steps now can lead to significant savings and peace of mind as you close out the year. Remember, you have until December 31st to take control of your benefits, but time is of the essence. Check your current status or reach out to a professional if you need help. You’ve got this!