The Team
Our Story
We have all tried using FSAs in the past to save money on our out of pocket medical expenses. Using pre-tax money could add up to a lot of savings, but the opposite happened - we lost money at the end of the year.
After talking to hundreds of other people, we realized that most of them have out-of-pocket costs that can be reimbursed with their existing account. However, they did not know what was eligible or didn't bring their debit card to places like Costco.
We decided to build an app with the objective of automating this entire process. Silver reduces the friction in HSA/FSA programs so more people can benefit from the tax benefits these programs offer.
After talking to hundreds of other people, we realized that most of them have out-of-pocket costs that can be reimbursed with their existing account. However, they did not know what was eligible or didn't bring their debit card to places like Costco.
We decided to build an app with the objective of automating this entire process. Silver reduces the friction in HSA/FSA programs so more people can benefit from the tax benefits these programs offer.
Team
We have both struggled over the years with lots of medical expenses and a huge overhead of managing and submitting claims to various providers.
Dan Somrack
Co-Founder
Oded Shekel
Co-Founder
Dan Oriani
Founding Engineer
We believe it's a very common problem for Americans so we have built Sylvester to help everyone reduce their health care expenses by getting the most they can from government programs such as FSA, HSA and more.