As the year ends, many of us find ourselves with a balance in our Vision care benefits account that still needs to be used. If you don’t want to lose that hard-earned money, now is the time to make the most of it! At Sheridan Optometric Centre, we have a few last-minute ideas on how to spend your remaining balance wisely before the “use it or lose it” deadline.
What Does ‘Use-it or Lose-it' Mean?
Vision care benefits are a great way to save money on eligible medical expenses, but they come with a catch — the "use it or lose it" rule. If you don’t use these benefits by the end of the plan year, you could forfeit any leftover money. With the holiday season upon us, it's the perfect time to take care of your health needs while making the most of your benefits.
Quick and Practical Ways to Use Your Vision Care Benefits
- Schedule an Eye Exam
Your vision changes over time, and a comprehensive eye exam is a great way to ensure your eyes are healthy. Eye exams are typically eligible expenses under most FSAs. Schedule an appointment before year-end to check your vision and update your prescription if needed.
- Update Your Prescription Glasses or Sunglasses
If you wear glasses, now is a great time to purchase a new pair. Whether you need prescription eyeglasses, computer glasses, or prescription sunglasses to protect your eyes, these are all eligible expenses. Treat yourself to stylish new frames and keep your vision sharp through the holiday season.
- Stock Up on Contact Lenses
Have you considered trying a different type of contact lens? Or you need to stock up on your usual brand. Using your Vision Care Benefits to purchase contact lenses is a practical way to spend your remaining balance while ensuring you have what you need for the coming year.
- Consider Laser Eye Surgery Consultations
If you have been thinking about correcting your vision permanently, consider using your Vision Care Benefits for a consultation regarding laser eye surgery. While the surgery itself can be a significant expense, consultations and some pre-surgical costs may be eligible. Be sure to check with your insurance provider to confirm what is covered under your plan.
Don’t Let Your Health Savings Go to Waste!
With the "use it or lose it" rule, it is essential to act quickly. Consider these practical ways to make the most of your Vision Care Benefits and enhance your health and wellness during the holiday season.
At Sheridan Optometric Centre, we are here to help you make the best choices for your eye care needs. Contact us today to schedule an appointment or learn more about our wide range of eye care products.