As the year winds down, it’s time for a critical check-up on your finances, specifically your Flexible Spending Account (FSA) and health insurance deductible.
For many, the fourth quarter represents a time-sensitive opportunity to use medical benefits before they expire or reset. The “Use-or-Lose” FSA Deadline Most FSAs operate under a strict “use-or-lose” rule, meaning any unused pre-tax funds are forfeited after the plan year ends. Some employers offer a grace period (up to an extra 2.5months) or allow a carryover (up to $660 for 2025 plans), but you must check your specific plan. If you have remaining funds, now is the time to spend them on eligible expenses—including an appointment with a spine specialist.
Leverage Your Met Deductible If you’ve already met or are close to meeting your annual health insurance deductible, your insurance plan is now paying a much larger share of your covered medical costs. This makes Q4 the most cost-effective time to schedule a specialized consultation or procedure, like evaluating your suitability for minimally invasive endoscopic spine surgery.
Delaying could mean starting over on your deductible in January. Don’t let this financial opportunity slip away. Prioritize your health and schedule your consultation today.
Appointments are available this week. Call us today at 888-289-5860 to schedule your consultation for a free MRI review.
Flexible Spending Account (FSA) Questions
Q: What is the “Use-or-Lose” FSA deadline?
A: Most Flexible Spending Accounts (FSAs) require you to spend the money you’ve contributed by the end of the plan year, or you will forfeit the remaining balance. This is why the fourth quarter is a critical time to check your balance and plan to use those funds.
Q: How do I know if my FSA has a grace period or a carryover option?
A: You must check your specific FSA plan documents or contact your plan administrator (often your employer’s HR department or the FSA provider). While some employers offer a grace period (up to $2.5$ extra months) or a limited carryover (up to $\$660$ for 2025 plans), these options are not automatic and vary by plan.
Q: What kinds of expenses are eligible for FSA funds?
A: FSA funds can be used for a wide range of qualified medical expenses. This often includes consultations with specialists (like a spine specialist), co-pays, deductibles, prescription drugs, and certain over-the-counter items.
Q: Can I use my FSA for a consultation with your spine specialist?
A: Yes, consultations and other services provided by our spine specialists are generally FSA-eligible expenses. Scheduling an appointment now is an excellent way to use your remaining funds before the year-end deadline.
Health Insurance Deductible Questions
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Q: Why is the fourth quarter the most cost-effective time to use my health insurance?
A: If you have already met or are close to meeting your annual health insurance deductible, your insurance plan is currently paying a much larger share of your covered medical costs. Scheduling a consultation or procedure now means you benefit from this higher coverage level before your deductible resets on January 1st.
Q: If I delay my consultation until January, what happens?
A: If you wait until January, your health insurance deductible will likely reset to zero for the new plan year. This means you will have to pay the full cost of your care (or a much larger share) until you meet the deductible again.
Q: How do I know if I’ve met my annual deductible?
A: You should contact your health insurance provider directly or log into your online insurance portal. They can give you the most accurate and up-to-date information on your deductible status.
Scheduling and Next Steps
Q: What is the benefit of scheduling a consultation now?
A: Scheduling now allows you to use your expiring FSA funds and/or leverage your met deductible for the most cost-effective care. It’s an opportunity to prioritize your spine health without the financial burden of starting a new deductible year.
Q: How do I schedule my consultation and free MRI review?
A: Call us today at 888-289-5860. Appointments are available this week, so don’t delay!