Spending Accounts

Employees can elect to open a spending account to help pay for eligible out-of-pocket health care or dependent care expenses. 

  • You save because your spending accounts are funded with pretax dollars.  
  • You set the amount (up to IRS limits). 
  • Funds are automatically deducted from your paycheck each week and deposited into the appropriate spending account. 

 There are two kinds of Flexible Spending Accounts (FSAs): the Health Care FSA and the Dependent Care FSA. Pinnacle’s spending account provider is Fidelity.

Health Care Flexible Spending Account 

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. 

NetBenefits.com 800-835-5095 

Resources

Fidelity Health Care FSA  Fidelity FSA Summary Plan Description  2025 Pinnacle Craft Benefits Summary & Enrollment Guide

Dependent Care FSA 

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.

Submit a claim

  1. To submit a claim to reimburse yourself, log in to NetBenefits
  2. Select the “Flexible Spending and Reimbursement Accounts” tile
  3. Select the “Reimburse Yourself” tile.
  4. You can request a check disbursement or link a bank account for faster transfers.

NetBenefits.com 800-835-5095 

Resources

Fidelity Dependent Care FSA  Fidelity FSA Summary Plan Description  2025 Pinnacle Craft Benefits Summary & Enrollment Guide