Plan Ahead: Maximize Your Unused Benefits Before 2026

The end of the year always seems to arrive in the blink of an eye, especially amidst the hustle and bustle of the holiday season. It's easy to become preoccupied with holiday plans and overlook important health and financial benefits that require attention. If you're feeling overwhelmed or uncertain about the steps to take, know that you're not alone. Acting now is crucial to ensure you don't miss out on valuable coverage and potential savings.

Check Your Deductible Status

If you've already met your health insurance deductible, now is an opportune time to schedule necessary check-ups, procedures, or follow-up appointments before the deductible resets. Making use of these benefits can save you significant out-of-pocket expenses.

Max Out Health Savings Account Contributions

Health Savings Accounts (HSAs) offer a triple tax advantage—contributions are tax-deductible, earnings grow tax-free, and withdrawals for eligible medical expenses are tax-free. There's still time to make additional contributions up until the end of the year to maximize these benefits.

Refill Prescriptions

If you've met your deductible or out-of-pocket max, consider refilling recurring medications early. This can be a smart financial move, ensuring you're prepared and making the most of your health plan benefits.

Use Your Flexible Spending Account Funds

FSAs are “use it or lose it” accounts, meaning any unspent funds by December 31st could be forfeited, although some plans offer a rollover or grace period. Consider using these funds on eligible expenses like medical equipment, over-the-counter meds, or new eyewear.

Book Dental or Vision Appointments

Don't let any remaining coverage go to waste—book those dental or vision appointments now. If appointment slots seem filled, inquire about cancellation lists for unexpected openings.

Contact Your Plan Administrator or Benefits Advisor

If you're uncertain about your coverage or have questions about your benefits, reach out to your plan administrator or a benefits advisor. They can provide clarity and guidance tailored to your needs.

Remember, taking a few small steps now can lead to significant savings and peace of mind as the new year approaches. Prioritize reviewing your current status and make the necessary arrangements before December 31st. Should you need assistance, professionals are available to help you take control of your benefits today.