Make the Most of Your Benefits Before Year-End

As the end of the year approaches, now is the time for employees to take a closer look at their benefits. Many people don’t realize that some parts of their plan reset on January 1, which means unused funds or missed appointments could translate into lost value. A quick benefits checkup can help employees save money, stay healthy, and feel confident going into the new year.

1. Check Flexible Spending Accounts (FSAs)

If your employees have an FSA, remind them to review their balance and spending deadlines. In most cases, FSA funds expire at the end of the year. Eligible expenses include prescriptions, dental work, glasses, and even some over-the-counter items. A reminder from HR can make the difference between unused funds and meaningful savings.

2. Schedule Preventive Care Appointments

Preventive care is covered at no cost under most health plans, but many people forget to schedule checkups, screenings, or dental cleanings before the calendar resets. Encouraging employees to book these visits early helps them make full use of their coverage and reduces future health risks.

3. Review Deductibles and Out-of-Pocket Maximums

If employees have already met their deductible, now might be a smart time to complete any needed treatments or procedures. After the plan year ends, deductibles reset, which means costs may go up again in January.

4. Refill Prescriptions and Review Coverage

Remind employees to check prescription refill schedules and verify which medications will still be covered in the new plan year. A quick review can help avoid surprises at the pharmacy when coverage changes take effect.

5. Encourage Benefit Questions

The end of the year is also a good time for employees to clarify any benefit questions they may have. Swift Kennedy’s team is here to support HR departments and help employees understand how to make the most of their plans before benefits renew.