As the year winds down, it’s an ideal time to use your insurance benefits before year-end and make the most of your coverage. Many health insurance plans, especially employer-sponsored ones, have benefit limits that reset on January 1st. To get the best health insurance benefits before the year ends, reviewing your coverage and scheduling remaining appointments is essential. From dental to vision to paramedical services, now’s the time to ensure you don’t miss out on what’s available.
Review Your Health Spending Account (HSA)
If your plan includes a Health Spending Account (HSA), take time to check your balance and plan to use it up before the year resets.
Why Your HSA Matters
HSAs can be used for a variety of health-related expenses, including dental work, prescription medications, and paramedical services such as physiotherapy, massage therapy, and chiropractic care. The plan is usually funded by the employee with pretax dollars, making it a tax-efficient way to cover health costs. Additionally, any amount not used in a given year remains in the account and continues to gain interest in many cases. However, certain HSAs require you to use the balance before the end of the year, so it’s wise to confirm your plan’s rules.
Schedule Dental Check-Ups and Treatments
Dental care is a valuable benefit that can go underused in private health insurance plans. Most plans have annual limits that cover services such as cleanings, exams, and fillings.
Tips for Maximizing Dental Benefits
If you haven’t reached your dental coverage limit, schedule any outstanding check-ups or treatments now. For advice on making the most of your benefits, many Canadians turn to how to take advantage of health insurance reddit discussions, where it’s often recommended to book dental appointments early to avoid the busy year-end.
Order Prescription Medications Before Your Deductible Resets
Prescription drug coverage is commonly included in health insurance plans and often comes with an annual deductible that resets at the beginning of the year.
How to Save on Prescription Drugs
If you’ve already met your deductible this year, refilling prescriptions before year-end can help you avoid out-of-pocket costs in January. Check with your pharmacy to see if a 90-day supply is available, which can extend coverage into the new year and prevent sudden cost increases when your deductible resets.
Use Your Vision Care Benefits
Vision care benefits, which often cover eye exams, glasses, and contact lenses, are another area that may go unused throughout the year.
Why Vision Care Matters
Scheduling an eye exam, even if your vision hasn’t changed, can catch underlying health issues. If your plan covers new glasses or contacts, consider replacing or getting a backup pair before your benefits expire.
Take Advantage of Paramedical Services
Paramedical services such as physiotherapy, massage therapy, chiropractic care, and acupuncture are commonly covered by health insurance plans, yet they can go unused by year-end.
Make the Most of Paramedical Coverage
If you’re dealing with any ongoing health issues, these services are a great way to use up your remaining benefits. Scheduling multiple sessions before December 31st can help you maximize your coverage for paramedical services.
Use Your Insurance Benefits Before Year-End: Contact Us
Taking these steps to optimize your year-end health insurance benefits helps ensure you get the most from your plan. Whether it’s for dental, vision, prescription drugs, or paramedical services, using your benefits now can prevent extra costs in the new year.
Have questions about your health insurance plan? We’re here to help—contact us today, and let us assist you in making the most of your benefits before they reset! 1 866 497 6231_