Maximize Your Benefits Before They Expire in 2026

The Year-End Rush: Don’t Overlook Your Benefits

As the end of the year fast approaches, the excitement of the holiday season can make it easy to neglect important health and financial benefits. It's understandable to feel overwhelmed with so much happening at once, but taking the time to review your benefits can lead to valuable savings. To ensure you don’t lose out on significant coverage and savings, it's crucial to act now.

Use Your Flexible Spending Account Funds

FSAs operate on a "use it or lose it" basis, which means any unspent funds by December 31st could be forfeited unless your plan includes a rollover or grace period. Now is the time to spend down these balances on eligible expenses.

Book Dental or Vision Appointments

If you have unused dental or vision benefits, consider booking appointments now. If there's a challenge in finding availability, ask providers about cancellation lists for a better chance of securing an appointment.

Refill Prescriptions

For those who have already met their deductible or out-of-pocket maximum, refilling recurring prescriptions early can prevent unnecessary out-of-pocket expenses and ensure you're covered through the year's end.

Check Your Deductible Status

Verifying whether you’ve met your health insurance deductible is vital. If you've met it, this period could be an advantageous time to schedule necessary check-ups, procedures, or follow-up appointments before your deductible resets.

Max Out Health Savings Account Contributions

Contributions to an HSA can be made until the end of the year, offering a triple tax advantage - you can deduct contributions, enjoy tax-free earnings, and have tax-free withdrawals for qualified expenses. Consider contributing more if you have remaining contribution room.

Contact Your Plan Administrator or Benefits Advisor

If you're uncertain about your coverage or what benefits remain, reaching out to your plan administrator or benefits advisor can provide clarity and guidance on maximizing your benefits.

A few small steps now can lead to significant savings and peace of mind. Ensuring you take the necessary actions before December 31st can save both time and money. Check your current status today, and if needed, reach out to a professional for additional support.