As the year winds down, it’s easy to get caught up in holiday planning, year-end deadlines and family events. But before the calendar flips to the next year, it’s worth taking a closer look at your employee benefits. Many workplace benefits work on a “use it or lose it” basis, meaning if you don’t take advantage of them before December 31, you could be leaving money on the table. Making the most of these perks can improve your financial well-being, support your health and set you up for success for the next year.

Here are some smart employee benefits to review and use before year-end.

 

Flexible Spending Accounts (FSAs)

One of the most important benefits to check is your FSA balance. FSAs allow you to set aside pre-tax dollars for qualified medical or dependent care expenses. However, unlike Health Savings Accounts (HSAs), FSAs often have strict rules about unused funds. Many plans require you to use your balance by December 31, or the money is forfeited. Some employers offer a short grace period into the new year or allow a small amount of funds to roll over, but the safest approach is to spend your FSA dollars before year-end. Eligible expenses may include doctor visits, dental care, eyeglasses, prescriptions or childcare.

 

Health Insurance Benefits

If you’ve already met your deductible, now is the time to schedule any medical procedures, check-ups or screenings you’ve been putting off. Since you’ve met the deductible, additional healthcare costs may be covered at little to no cost out-of-pocket. This can be a smart way to take care of your health while maximizing the value of your insurance plan before it resets in January.

 

Vision and Dental Benefits

Dental and vision coverage often include yearly allowances for exams, cleanings or eyewear. If you haven’t used them yet, schedule your annual dental cleaning or eye exam before the end of the year. If your plan covers glasses or contact lenses, consider updating your prescription or purchasing a backup pair—you’ll be making the most of your benefits while maintaining your health.

 

Paid Time Off (PTO)

Some employers have “use it or lose it” PTO policies, while others allow a limited amount of time to roll over into the next year. Check your PTO balance and plan accordingly. Taking time off doesn’t just ensure you’re not leaving paid days behind—it also supports your overall well-being, helping you recharge.

 

Wellness and Lifestyle Benefits

Some employers offer wellness programs, gym fee allowance or mental health benefits. Some of these perks reset annually, so look into whether you can take advantage of free counseling sessions, fitness reimbursements or wellness credits before they expire.

 

Retirement Contributions

Finally, review your 401(k) or retirement plan contributions. Year-end is a good time to increase contributions, especially if you haven’t maxed out your employer match. Even a small bump can help you take full advantage of free employer contributions and reduce taxable income for the year.

Your employee benefits are a key part of your total compensation. Taking time before year-end to review and use them ensures you’re not leaving money or resources behind. From FSAs to PTO, healthcare to retirement, a little planning can go a long way toward strengthening your financial health and preparing you for a strong start to the year ahead.