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  • Mark Bradley

December is Busy for a lot of Reasons



While this time of year is always busy with holiday activities, it’s essential we also remember a number of important items regarding our insurance.


A few key items include:

  1. Health Insurance – Most health plans operate on a calendar year basis, meaning your deductible and annual out of pocket expense requirements all start over again at $0 on January 1. If you’ve met your deductible or annual limits you should try and get anything else needed done in 2022. If you have not yet met your deductible you may want to wait until after January 1 for anything not urgent so that expenses will count towards your 2023 requirements.

  2. Medicare – Changes to Medicare coverages also take place in fourth quarter to be effective January 1. Any changes to your Medicare coverages via changes to your supplemental plan(s), Part D Rx) or your Medicare Advantage plans those changes will also be effective January 1, 2023.

  3. Health Savings Accounts – HSA contributions for tax year 2022 can be made until April 18, 2023. Contribution limits for 2022 are $3,650 for individuals, $7,300 for families, plus an additional $1,000 “catch up” contributions for individuals age 55 and older.


Mark Bradley

Ministers Resource Services

Director of Insurance Services

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