The end of the year seems to sneak up faster than ever, and it’s easy to get caught up in the whirlwind of the holiday season. With gift shopping, travel plans, and family gatherings, important health and financial benefits might slip through the cracks. But don’t worry, you’re not alone in feeling overwhelmed or unsure of where to start. Taking action now can ensure you make the most of valuable coverage and savings before it’s too late. Here’s how you can take control and make the most of your benefits.

Max Out Health Savings Account Contributions

Health Savings Accounts (HSAs) come with a triple tax advantage, making them a smart financial move. Remember, you can continue to contribute to your HSA through the end of the year. Use this opportunity to potentially boost your savings while gaining tax benefits.

Use Your Flexible Spending Account Funds

With FSAs, it's crucial to remember the “use it or lose it” policy. Spend down your FSA balance on eligible expenses before December 31st unless your plan includes a rollover or grace period. Items like medical supplies and over-the-counter medications may qualify, ensuring you don’t leave money on the table.

Check Your Deductible Status

If you’ve met your health insurance deductible, now is an ideal time to schedule any pending check-ups, procedures, or follow-up appointments before your deductible resets. This proactive approach can save you significant amounts by capitalizing on lower out-of-pocket costs.

Book Dental or Vision Appointments

Do you have remaining dental or vision benefits? Make appointments now. If your chosen provider is fully booked, consider asking about their cancellation lists. You might be able to slide into a sooner slot and make good use of your plan’s offerings.

Refill Prescriptions

If you’ve already met your deductible or out-of-pocket max, consider refilling any recurring prescriptions ahead of time. This ensures you are stocked up and maximizes the cost-effectiveness of your health coverage.

Contact Your Plan Administrator or Benefits Advisor

If you’re uncertain about your remaining benefits or coverage details, reaching out to your plan administrator or a benefits advisor can offer clarity. They can provide personalized guidance to ensure you’re not missing out on essential benefits.

As the end of the year approaches, taking these small steps can yield significant savings and a sense of accomplishment. Ensure you’ve maximized your benefits before December 31st and feel confident and in command of your financial and health-related decisions. Start today by checking your current benefits status or reaching out to a professional if you need assistance. Your future self will thank you!