Spending Accounts

A health care FSA can be used to pay for eligible medical, prescription, dental and vision expenses for you and your family. This includes eligible out-of-pocket expenses like copays, deductibles and coinsurance.

• When you enroll in a Health Care FSA, you will receive a NetBenefits access card, a Visa debit card that you can use to pay for eligible expenses.
• When you use the card, money is automatically deducted from your spending account. If you prefer, you can also submit a claim for reimbursement.
• The annual FSA funding period begins Jan. 1 or on your eligibility date and ends Dec. 31.
• Estimate conservatively as unused funds remaining in the FSA after December will be forfeited.

The dependent care FSA allows you to use pretax money to pay for dependent day care expenses for children under the age of 13 or anyone you claim as a dependent on your federal tax return who is physically or mentally incapable of self-care.  

Eligible expenses include but are not limited to:  

• Before and after-school programs 
• Qualified day care centers 
• Licensed nursery schools 
• Elder care (work related) 
• Preschool tuition 

For a complete list of eligible expenses, see IRS Publication 503. 

You can submit a claim to reimburse yourself by logging in to NetBenefits and selecting the “Flexible Spending and Reimbursement Accounts” tile. From there, select the “Reimburse Yourself” tile. You can request a check disbursement or link a bank account for faster transfers. 

The limited purpose health care FSA is for employees who live and work in the continental U.S. and are enrolled in the Health Savings Medical Plan. It can be used to pay for eligible vision, dental and post-deductible medical and RX expenses.

• The annual FSA funding period begins Jan. 1 or on your eligibility date and ends Dec. 31.
• Estimate conservatively as unused funds remaining in the account after December will be forfeited.

A Health Savings Account (HSA) is an account you fund with pretax money that can be used for eligible health care expenses. It is available only to employees in the HSA medical plan.

• Unlike an FSA, the funds in your HSA carry over from year-to-year.
• You own and control the account.
• You can adjust your weekly contribution at any time.
• The money in the account always belongs to you – it goes with you if you ever leave the company.
• Visit the Fidelity website for information about investment choices.

Kiewit will also contribute weekly to your HSA. The weekly contribution amount is based on coverage level – employee only or employee plus dependent(s). For more information, including eligibility requirements, see the HSA Quick Facts below.