SKU-Level Data Helps Consumers Avoid Losing $4 Billion in Healthcare FSA Funds, Banyan Says

Each year, consumers leave $4 billion they’ve saved in FSA accounts on the table — because it’s a case of “use it or lose it.” Banyan President Alpesh Chokshi tells Karen Webster that using item level data to determine FSA eligibility instantly at the point of sale helps merchants and patients get healthcare with benefits.