Don’t Leave Money on the Table: Maximize Your Benefits Before January 1st

simple steps to review unused dollars, perks, and savings opportunities before they reset.

The end of the year isn’t just about holidays and closing projects—it’s also the deadline for many workplace benefits. A lot of programs reset on January 1, and unused dollars or perks may expire. Taking a few minutes now to review your options can help you make the most of what’s available and start the new year on strong footing.

Health Savings Accounts (HSA)

If you’re enrolled in a high-deductible health plan, an HSA offers tax advantages: contributions are tax-deductible, growth is tax-deferred, and withdrawals for qualified medical expenses are tax-free. If possible, consider contributing up to the IRS annual limit before December 31. Some accounts also allow investing balances, which may provide growth potential for future healthcare costs. Remember that HSAs are subject to IRS rules, and non-medical withdrawals before age 65 may result in taxes and penalties.

Flexible Spending Accounts (FSA)

Many FSAs follow a “use it or lose it” rule. This means dollars set aside for healthcare or dependent care expenses may expire at year-end. Check whether your plan offers a carryover or grace period, and consider scheduling appointments, filling prescriptions, or purchasing eligible items before the deadline.

Employer Wellness Programs

Employers may provide additional wellness perks such as gym stipends, Employee Assistance Programs (EAPs), or credits for preventive health screenings. Log in to your benefits portal to see what you still qualify for—these can help offset costs and support your well-being.

Paid Time Off (PTO)

Review your company’s PTO policy to avoid losing vacation days that don’t roll over. If your plan allows carryover, decide how much to save and how much to use. Taking time off now can help you recharge for the year ahead.

Retirement Plan Contributions

If your employer offers a 401(k) or other retirement plan match, check whether you’re contributing enough to receive the full match. Adjusting your contributions for the final pay periods of the year may help you maximize this benefit. Keep in mind that employer contributions are subject to plan rules and vesting schedules.

Professional Development Dollars

Some employers provide annual stipends for courses, certifications, or conferences. If funds are available, consider using them before they expire. Investing in skills and training today can prepare you for opportunities in the new year.

Don’t Leave Benefits Behind

Spending a little time reviewing your benefits can add real value—from extra retirement savings to healthcare dollars and professional growth opportunities. Log in to your HR portal or benefits site today, and connect with your HR team or a qualified advisor if you need help making the most of your programs before the year resets.

Important Information

This material is for informational purposes only and is not intended as investment, tax, or legal advice. Contribution limits and plan rules are set by the IRS and your employer. Please consult your HR department, plan administrator, or a qualified professional for guidance specific to your situation.