Use it or Lose it: Insurance Benefits Reset Jan 1

The end of the year is always a stressful time. With the holiday season being an exciting time, you can forget that the year is drawing to a close. This means that most health insurance plans reset at the start of the calendar year.

You have worked hard this year to pay off your deductible or out of pocket maximums just to have your insurance to reset. Now is the time to take advantage of all the benefits that come with paying off your deductible.

Most insurance programs will cover any outstanding medical expenses you may come across after you have met your deductible. Use this benefit to go to the medical professionals you may not realize you need to see. You can receive an exam about the shoulder pain you’ve been experiencing or get the lab work done your medical professional told you to get earlier in the year.

Along with regular insurance deductible health plans resetting, insurance programs like Health Savings Account (HSA) and Flexible Spending Account (FSA) will reset within the new year. Most HSA and FSA funds aren’t carried over into the new year. Check with your employer to find out if your funds transfer over to the new year or not.

It is important that you use your HSA and/or your FSA funds especially if you are contributing to the accounts. Spending these funds helps ensure that your money doesn’t get wasted. Even if your HSA or FSA program is completely funded by your employer, you shouldn’t let that money go to waste. It’s there for you to use on your medical expenses. Most HSA and FSA programs will allow you to use your funds towards chiropractic and physical therapy.

Regardless of the insurance plan, you are on to assist with medical expenses, it’s time to manage your stress and use your benefits at the same time. Chiropractic care is covered under most health insurance plans. Getting regular adjustments with a chiropractor will help you manage your stress, reduce chronic pain, boost your immune system, and help reduce the frequency of headaches.

It’s time to use your benefits before you lose them! BackFit is here to help relieve your holiday stress along with using your benefits to help benefit you. Click here to schedule a visit.