A critical deadline is approaching for millions of Americans enrolled in Medicare Advantage plans — not open enrollment — I'm talking about expiring prepaid benefit cards. Many Medicare Advantage enrollees are issued flex cards — preloaded debit cards that can be used for certain health- and wellness-related expenses that MA plans may not cover outright. These expenses can include over-the-counter (OTC) medicines and supplies, hearing, dental and vision services, and more.
If your Medicare Advantage plan includes a flex card allowance, you have until the end of 2025 to use the funds. These cards operate on a "use-it-or-lose-it" basis, and any balance remaining on the card when the clock strikes midnight on December 31 will be forfeited. Don't miss your final opportunity to cash in on benefits you've already paid for, ensuring you maximize every dollar intended for your health and wellness.
