September 29th, 2022
Don't Miss Out! Replace Your Garments Before Your Insurance Benefits Reset
Your Benefits Reset at the End of the Year, Take Advantage Before They Do
It's that time of the year again! No, I'm not talking about the holiday season. Instead, it's time for most insurance benefits to reset.
When this happens, many people who have hit their deductible or have money remaining on their FSA/HSA cards will miss out on benefits that they can take advantage of.
Before that happens, we highly recommend that you take advantage of your coverage and replace your compression garments. Here's a few different ways that you can do so before the end of the year!
1. Take Advantage of Your Deductible
A deductible is the amount of money that you must spend before your insurance coverage will kick in. At this point in the year, many people have hit their deductible meaning that insurance will cover most, if not all, of the bill for medical purchases.
Because of this, it's a perfect time to replace your compression garments, so you can take advantage of these benefits before your deductible resets. Click the link below to check your insurance coverage and see how much your insurance will cover for a new compression garments.
2. Spend Unused FSA/HSA Money
Similar to your deductible, your FSA/HSA money will also be reset at the end of the year. So, any of your hard-earned money that's still in your account will be gone if it's unspent before your benefits reset.
Because of that, now is the perfect time to use that money to replace your old compression garments and get a new pair before the end of the year.
3. Claim Your Covered Replacement Garments
Insurance companies have a set number of replacement items that they will cover throughout the year. For compression garments, insurance companies will typically cover 4 replacement garments (or pairs of garments for stockings) each year.
If you haven't already taken advantage of this benefit, fill out the form below, so we can check your benefits and help you claim your replacement stockings before your benefits are reset!
Written by Medity Health