How to Use Your Health Insurance Benefits Before They Expire

Every year, millions of Americans leave valuable health insurance benefits unused. From annual wellness visits to FSA balances, many of the benefits you're paying for through your premiums have a "use-it-or-lose-it" deadline. Understanding which benefits expire and planning ahead can save you significant money and keep you healthier.

Benefits You Should Use Every Year

Here are key benefits that most plans include and that many people forget to take advantage of:

• Annual physical exam. Most plans cover one wellness visit per year at no cost. This is your chance to check in with your doctor, update vaccinations, and discuss any health concerns.
• Preventive screenings. Depending on your age and risk factors, you may be eligible for free screenings such as mammograms, colonoscopies, blood pressure checks, cholesterol tests, and diabetes screenings.
• Dental cleanings and eye exams. If you have dental and vision coverage, most plans cover two cleanings per year and an annual eye exam. These are easy appointments to forget but important for long-term health.
• Mental health visits. Many plans now include coverage for therapy and counseling sessions. If you've been considering speaking with a mental health professional, your plan likely covers it.

Don't Forget Your FSA

If you have a Flexible Spending Account (FSA), remember that most FSAs operate on a strict use-it-or-lose-it basis. Any funds remaining in your account at the end of the plan year may be forfeited, although some employers offer a grace period of up to 2.5 months or allow you to roll over up to $640. Check with your employer to understand your specific FSA rules and spend down your balance on eligible expenses like prescription sunglasses, first aid supplies, or over-the-counter medications.

The best time to plan your benefit usage is at the beginning of the year. Take inventory of what your plan covers, schedule your appointments early, and set reminders throughout the year. If you're unsure what benefits your plan includes or need help creating a strategy to maximize your coverage, contact Resilience Health Advisors for personalized guidance.