Each year, Americans forfeit billions of dollars from their Flexible Spending Accounts (FSAs) back to employers. Staggering estimates show workers lost over $3 billion in 2019 and $4.2 billion in 2020 alone from FSA money left unspent by the yearly deadlines.
At FSA Fresh, we're on a mission to put an end to these massive FSA forfeitures once and for all.
The idea behind FSA Fresh is simple - provide a convenient way for FSA holders to fully utilize their annual election amounts before the money is lost. We've created a quarterly seasonal box subscription curated with the latest FSA-eligible products and delivered straight to members' doors.
Members simply tell us their annual FSA election and product preferences. We then provide an upfront spending plan and itemized receipt for the full amount. Each quarter after that, we ship a brand new selection of FSA-approved items like over-the-counter medications, first-aid supplies, and medical equipment.
By making it easy to spend FSA funds in just a few clicks, FSA Fresh ensures members maximize their pre-tax healthcare dollars. No more confusion, no more last-minute scrambling, and not a single hard-earned dollar forfeited.
From in-depth research uncovering the enormity of the FSA forfeiture problem, to experiences from our own team members who have lost money, we've seen firsthand the need to rethink FSA spending. That's why FSA Fresh is more than just a subscription - we're building an engaged community, educating consumers, and driving innovations to wholly reform how FSAs are utilized.
Join our mission to fix the shortcomings of the FSA system. With FSA Fresh, you can invest your full healthcare allowance into your life and wellbeing. End forfeitures for good, and start getting the maximum value from every single FSA dollar.