WEX announced on July 21, 2025, the launch of a new intelligent claims tool designed to simplify and accelerate flexible spending account (FSA) reimbursements. This AI-powered tool aims to improve the speed and efficiency of the claims process for both consumers and HR teams.
The tool boasts over 97% precision in determining correct reimbursement amounts for valid claims, automating steps like checking receipts and pre-filling forms. This reduces processing time from days to minutes and minimizes common reasons for denials.
This launch is part of WEX’s broader investment in data-driven and AI-powered innovation, built with security and scalability in mind, meeting HIPAA standards. With 72% of state and local government workers and 47% of private-sector employees having access to FSAs in 2024, this tool addresses a growing market need.
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