Bilt, a rewards program, teamed up with Walgreens to help members use the hundreds of dollars they have available in their FSA/HSA accounts that typically go unused.
Consumers forfeit hundreds of dollars every year from their unused flexible spending accounts and health savings accounts , funds that can help employees pay for certain out-of-pocket health care costs. However, many people do not know how to tap into them. Bilt, a home and neighborhood loyalty program focused on helping members maximize their biggest expenses, is partnering with Walgreens to ensure those funds are no longer wasted.
With Walgreens, with the payment networks, we've created the first automatic FSA program," Jain said, adding, that "now you don't have to think about it. And I think that is the secret sauce of a lot of what we are building." FSA funds can be used for eligible health care or dependent care expenses throughout the plan year, including deductibles, co-payments, coinsurance, certain medications and medical equipment and supplies.
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