By eliminating HSA/FSA spend friction, Sail will become a conduit for the $91 billion of healthcare funds that are unspent, uninvested, and forfeited every year.

Sail’s key features

1. Embed Sail onboarding and receipt submission into ben admin platforms
2. Track eligible expenses across as many merchants as possible
3. Enable one-click reimbursements
4. Notify users when they buy eligible expenses

High-level KOs

Product milestones by quarter

Top features by quarter

Glossary

• Adopted user: Has connected at least one credit/debit card and/or merchant with Sail
• Notification: A digital way of contacting a user — typically emails, SMS, app notifications, etc.
• HSA: Health Savings Account: Pre-tax savings account that can only be used for qualified medical expenses: https://www.healthcare.gov/glossary/health-savings-account-hsa/. Often sponsored by an employer.
• FSA: Flexible Spending Account: Pre-tax money that can only be used for qualified medical expenses: https://www.healthcare.gov/have-job-based-coverage/flexible-spending-accounts/. Often sponsored by an employer, but funds mostly do not carry over year to year.
• Contribution: Adding money into a financial account — in Sail’s context HSA and FSA plans. HSA plans typically allow contribution amounts to vary throughout the benefit year, while other plans may not.
• Distribution: Receiving money from a financial account — in Sail’s context from HSAs, FSA, or similar sources.