Burst is a platform that links your FSA or HSA to health and wellness purchases, automatically identifying eligible items and filing reimbursement claims so you receive instant cash back. By connecting your account once, you can shop across hundreds of brands—such as vitamins, fitness gear, and at‑home testing kits—and save up to 40% using pre‑tax dollars.
Funding
Funding not disclosed
Founders
Product
Problem
Consumers with Flexible Spending Accounts (FSA) or Health Savings Accounts (HSA) often cannot use their pre‑tax funds for many health‑and‑wellness products because retailers do not support eligibility verification or automatic reimbursement, leading to unused balances and missed savings.
Solution
Burst connects a user’s FSA/HSA account once via a secure link and automatically determines eligibility for health‑related products across hundreds of online and brick‑and‑mortar brands. When a purchase is made, Burst files the reimbursement claim on the user’s behalf and deposits the reimbursed amount back into the account, delivering instant cash back. The platform surfaces eligibility information at the point of shopping, allowing shoppers to use pre‑tax dollars on items such as vitamins, fitness devices, at‑home testing kits, and other qualified wellness goods. By handling claim filing and reimbursement automatically, Burst eliminates the need for manual paperwork and failed FSA card transactions, helping users save up to 40% on eligible purchases.
Target Audience
Primary customers are individual consumers with FSA or HSA balances who purchase health‑related products, as well as retailers and brands seeking to enable seamless pre‑tax spending for their customers.
Features
- One‑time secure connection to the user’s FSA/HSA provider, after which all future purchases are automatically processed
- Real‑time eligibility indicator that shows which products qualify for reimbursement while shoppers browse
- Automatic claim filing and same‑day reimbursement directly to the user’s account
- Coverage across hundreds of health and wellness brands, both online and in‑store, without requiring special checkout procedures
- Dashboard that aggregates total eligible spend, reimbursed amounts, and remaining pre‑tax balance
- Secure handling of personal and financial data in compliance with healthcare payment regulations