Spending Accounts

No matter which health care module you choose, AECOM will contribute to a spending account that you can use to pay for health and wellbeing expenses for yourself and your dependents. 

You choose where you would like to direct the money: 

• Your Health Spending Account (HSA)  

• Your Personal Spending Account (PSA) 

• Split between your HSA and PSA 

If you’d like your money deposited to your PSA, you must enrol each year. Otherwise, it will automatically be contributed to your HSA and cannot be changed after Benefits Open Enrolment. 

Your annual spending account allocation is: 

• $175 if you choose Employee + 1, or Employee + 2 or More coverage in a health care module 
• $150 if you choose Employee Only coverage. 

Important Deadlines 

Any unused balance in your HSA or PSA at the end of one year will automatically carry over to the next year. You must use the carry-over amount by December 31 of the second year or you will lose it. Claims must be submitted to Sun Life no later than 90 days after the end of the benefit year during which you incur the eligible expense or 90 days after the end of your HSA or PSA coverage, whichever is earlier. 

View your remaining balance in your Health or Personal Spending Account (HSA/PSA) by accessing your Sun Life account.   

Health Spending Account

You can use your Health Spending Account (HSA) funds to pay for health and dental expenses not covered under your provincial health plan, your AECOM benefits plan or your spouse’s benefits plan. 

Eligible Expenses 

• Your share of the cost for Module B or C, or the premiums  

• Your spouse pays for his or her medical or dental plans 

• Pharmacy dispensing fees above $10 

• Coinsurance payments  

• Expenses in excess of annual benefit maximums 

• Expenses for grandchildren, parents and other relatives who live in your household and are financially dependent on you for support as defined by the Canada Revenue Agency (CRA) 

Tax Implications 

HSA allocations are not a taxable benefit, except in Quebec.  

View a full list of eligible expenses on the CRA website.  

Personal Spending Account (PSA) 

You can use your Personal Spending Account (PSA) funds to pay for eligible expenses for you and any of your dependents covered under your health care plan. 

Eligible Expenses 

• Fitness services and equipment 

• Health products and services 

• Education and personal development 

• Green living 

• Work-life balance 

• Safety initiatives 

• Professional services 

• Insurance premiums 

• Financial contributions 

Claims 

The PSA is fully digital. You can submit claims through the mySun Life Mobile app or through mysunlife.ca/aecom. Claims are usually processed in less than 48 hours. Log in to your Sun Life account at mysunlife.ca/aecom to see the complete list of eligible PSA expenses. 

Tax Implications 

Claims paid using the PSA are taxable as income.