Whether you want to believe it or not (and none of us do), the end of the year is fast approaching. Yikes! This means the holidays are going to be upon us and we will find ourselves at our absolute busiest! But, this also means that deductibles and maximums expire soon!
As you know, we work with patients throughout the annual insurance coverage period to design care plans that fit within your budget and benefit plan. In many cases, we see patients at the beginning of the year, but, sadly and all too often, many of them forget to follow up with the prescribed treatments within the same year and lose out significantly on the benefits of their insurance coverage.
This is the time of year to book that appointment—You know, the one that has been pushed back due to a busy schedule. With three months remaining, 2016 will quickly come to a close and you risk losing out on benefits in which you have already invested!
Maybe you are close to meeting your deductible or perhaps you have already met it. Either way, we urge you to make good use of the savings you earn.
How Does Health Insurance Typically Work?
Benefit periods commonly run between January and December each year of coverage and then all coverage is reset so that costs return to out-of-pocket expenses.
Flexible spending accounts (FSA) will also expire at year’s end. FSAs are established through an employer and allow employees to save pre-tax money into a separate account. This money can be used for orthopedic or podiatric care.
In both cases, the key is to use it because the balance starts over in the following year.
Unsure Where You Are?
We can quickly help you address which treatments have been (or can be) applied towards a deductible and how much of a procedure will be covered at 100% thereafter.
The Bottom Line
Ultimately, if you don’t take care of your foot and ankle (and often back pain) issues now and put them off until next year, you could end up paying more because further damage can be done. With the holidays fast approaching, we advise all patients to book an appointment now before we get even busier!
In the meantime, we wish you the best and look forward to seeing you in the office!