Maximize Benefits Before 2026: Smart Strategies to Act Now

The end of the year always seems to sneak up on us, doesn't it? With the holiday bustle and year-end to-dos, it's easy to let important health and financial benefits slip through the cracks. If you're feeling overwhelmed or unsure about what steps to take, you're not alone. This is a pivotal time to act and ensure you don't lose out on valuable coverage and savings.

Use Your Flexible Spending Account Funds

Time is ticking on those Flexible Spending Account (FSA) funds. Their 'use it or lose it' rule means that if you don't spend the balance on eligible expenses by December 31st, you might forfeit those funds. Check if your plan offers a rollover or grace period, but don't delay in spending them wisely.

Check Your Deductible Status

Have you met your health insurance deductible? If so, now is the opportune moment to schedule necessary check-ups, procedures, or follow-up appointments before the deductible resets. This could prevent unexpected costs and ensure you're making the most of your coverage.

Max Out Health Savings Account Contributions

Don't forget that contributions to your Health Savings Account (HSA) can be made through the end of the year. With its triple tax advantage, increasing your contributions can lead to significant savings. Consider allocating more to your HSA if you haven't hit your annual limit yet.

Refill Prescriptions

If you've already met your deductible or out-of-pocket max, now’s the time to refill recurring medications as soon as possible. This ensures you're covered under this year's benefits without additional costs.

Book Dental or Vision Appointments

Dental and vision benefits often go unused. Schedule those appointments now to take advantage of your remaining benefits. If you can't find an open slot, ask your provider about a cancellation list to potentially snag a last-minute appointment.

Contact Your Plan Administrator or Benefits Advisor

If you're uncertain about your coverage or current benefits, reach out for professional guidance. A quick call to your plan administrator or benefits advisor can provide clarity and prevent costly oversights.

A couple of proactive steps now can culminate in substantial savings and peace of mind. Remember, December 31st is the deadline, so it's crucial to take control of your benefits while you still can. Check your current status or seek advice from a professional today — your future self will thank you!