The Rush Towards Year-End: Don't Miss Out on Benefits
As the end of the year rapidly approaches, it can be easy to become overwhelmed by the holiday season's rush. With shopping, gatherings, and festive planning, managing your health and financial benefits might fall by the wayside. If you're feeling unsure about how to tackle this challenge, you're not alone. The key is to act now, ensuring you don't miss out on significant coverage and savings. Max Out Health Savings Account Contributions
Don't forget that you can still contribute to your Health Savings Account (HSA) until the end of the year. The triple tax advantage—tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified expenses—makes it an attractive option. Use Your Flexible Spending Account Funds
Remember the "use it or lose it" rule of Flexible Spending Accounts (FSAs). Spend down any remaining balance on eligible expenses before December 31st, unless your plan allows a rollover or grace period. Don't let your hard-earned money go to waste. Check Your Deductible Status
If you've met your health insurance deductible, now's the time to schedule those overdue check-ups, procedures, or follow-ups before the deductible resets. This could save you a substantial amount out-of-pocket. Book Dental or Vision Appointments
Make use of any remaining benefits in your dental or vision plans. If appointments aren't readily available, ask about waiting lists to ensure you don't lose out on valuable coverage. Refill Prescriptions
If you've already hit your deductible or out-of-pocket maximum, consider refilling recurring medications early. This step can save you from additional costs in the upcoming year. Contact Your Plan Administrator or Benefits Advisor
If you're uncertain about your coverage or remaining benefits, reach out to your plan administrator or a benefits advisor. Professional advice can clarify your position and help you utilize your benefits effectively.
A few simple steps taken today can lead to substantial savings and peace of mind. Act before December 31st to take control of your benefits and avoid losing out. Check your current status now or reach out to a professional for help if needed.
