Find FSA Eligible Items in Your Amazon Order History

As the end of the year approaches, many of us find ourselves scrambling to find receipts that include FSA eligible items since no one wants to lose their hard-earned money left in their FSA accounts. However, navigating through your Amazon order history to find FSA eligible items can be a daunting task for the following three reasons:

1. Everyone purchases a lot from Amazon and an average consumer might have 100’s of online receipts to review
2. The majority of the FSA eligible items in Amazon are not marked as FSA eligible
3. Once you spent the time reviewing, you still need to download all receipts as PDFs and submit multiple claims to your FSA provider.

We learned from our personal experience that the task above can take many hours. So we built Silver to automate this process and find eligible FSA expenses in Amazon as well as dozens of other retailers. 

To view your eligible expenses, simply create an account and select your FSA or HSA provider and click the Amazon option.

This article provides more details on how Silver can help you get your FSA funds.

The Year-End FSA Dilemma

When you reach the deadline for using your FSA funds (very often at the end of the calendar year), you might find yourself in a tough spot. The clock is ticking, and you're faced with three sub-optimal options:

1. Buy something you don't need: Many of us go on a shopping spree, browsing the Amazon FSA store and buying things we usually don’t need like Massage Chairs or Light Therapy devices. 
2. Stock up for future usage: Another alternative is to buy a lot of items we usually need, like a decade's worth of bandages, which is neither practical nor efficient.
3. Find historical expenses: Obviously, submitting existing receipt is the best financial option since you probably already spent enough throughout the year but it comes with its own set of challenges like finding receipts and identifying what's eligible.

The Challenges of Finding Historical FSA Expenses

Finding historical expenses can be tricky and one of the most common questions we hear is “How do I find FSA eligible expenses on Amazon?” 

Here are three common problems you might encounter when looking for historical expenses:

1. Where to find receipts: Digging through online or physical receipts can be time-consuming and frustrating.
2. Identifying eligible items: Amazon does not mark all FSA eligible items as such, making it difficult to know which purchases qualify. For example, try searching for first aid kits on Amazon – you'll find that less than half are marked as FSA eligible.
3. Submitting and claiming expenses: The job is not done after finding receipts with FSA eligible expenses. Now you need to submit a claim to your FSA provider which usually involves multiple manual steps.

Is Searching for FSA Eligible Items Online Worth my Time?

“How much money did I actually spend on FSA eligible times?” is a common question many people ask themselves. Silver scanned 100,000s of historical receipts and the average amount of FSA eligible items found across all the receipts we scanned is 4% of total purchases. This means that if you purchased $5,000 worth of expenses at Costco and Amazon alone last year, you should expect an average of $200 of eligible FSA expenses.

There are also other factors that impact the amount of FSA eligible products one might purchase. For instance:

• Do you expect any childbirth related expenses?
• How much of the common everyday eligible products did you buy?
• Any chronic condition that requires purchasing eligible products (like syringes for diabetes) 

How Silver Can Help Find Your FSA Eligible Expenses

Silver offers a comprehensive solution to identify and submit FSA eligible expenses. Here's how we make it easier for you to find and claim your FSA eligible expenses:

1. Extensive Product Database: Our database includes 2.5 million products (as of July 2024) to help you identify what’s eligible using machine learning.
2. Automatic Receipt Collection: We automatically collect all your receipts and identify eligible items, saving you the trouble of sifting through your purchase history. We support more than 20 retailers including Amazon, Costco, Target and many more.
3. Submission Assistance: Silver works with the majority FSA/HSA providers and submits claims on your behalf, ensuring you get reimbursed without the usual hassle.
4. Significant Savings: On average, our users find more than $300 a year just from Amazon purchases of eligible expenses.

‍

Seeing how much of your Amazon purchases is FSA eligible can Silver find for you is free