As the year comes to a close, it’s time to check your healthcare to-do list. Especially if you have a Flexible Spending Account (FSA). December is your last opportunity to use FSA funds before they expire and to take care of those appointments or procedures you may have been putting off.

What Is an FSA?

A Flexible Spending Account is a tax-advantaged savings account you set up through your employer to pay for eligible healthcare expenses. You contribute pre-tax dollars into the account, which reduces your taxable income. These funds can then be used throughout the year for medical expenses such as copays, deductibles, prescriptions, and even items like glasses or over-the-counter medications.

The catch? Many FSA plans follow a “use-it-or-lose-it” rule, meaning any unused funds at the end of the year don’t roll over. Check with your employer if you aren’t familiar with what the policies are for your FSA account.

Ways to Use Your FSA Funds

Don’t let your hard-earned dollars go to waste. Here are a few ideas to make the most of your FSA:

• Schedule Preventive Care: Take advantage of covered services like wellness checkups, physicals, or routine lab work.

• Address Nagging Issues: Been putting off a specialist visit, physical therapy, or dental cleaning? Now is the time to book those appointments.

• Stock Up on Essentials: Use your FSA for eligible items like prescription glasses, contacts, or over-the-counter medical supplies.

• Plan Ahead: Consider appointments that can prepare you for the new year, such as physical therapy, vaccinations, or screenings.

Why December Is Key

December isn’t just about the holiday rush—it’s also the perfect time to check in on your healthcare needs. Starting January 1, your insurance plan resets, meaning your deductible and out-of-pocket maximums start over. If you’ve already met your deductible for 2024, now is the time to maximize your benefits and minimize out-of-pocket expenses for necessary care.

Don’t Wait—Book Now!

Appointments are still available, but fill up quickly in December as many people rush to use their FSA funds and take advantage of insurance benefits before the reset. Call Cozad Community Health System today to schedule your care and make the most of your remaining FSA dollars.

Finish 2024 strong, take care of your health, and start the new year with peace of mind!