Can I Send HSA Funds in 2018 if My HDHP was in 2017?

Are you wondering whether you can send HSA funds in 2018 even if your HDHP was in 2017? The answer is yes, you can!

Health Savings Accounts (HSAs) are a flexible way to save for medical expenses while enjoying tax benefits. If you had a High Deductible Health Plan (HDHP) in 2017 but did not open an HSA account then, you can still contribute to an HSA in 2018, as long as you meet the eligibility criteria.

Here are some key points to consider:

• You can contribute to an HSA for the previous tax year up until the tax filing deadline, usually April 15.
• Make sure you were eligible for an HSA in 2017 based on IRS guidelines.
• If you had an HDHP in 2017 but didn't open an HSA, you can do so in 2018 and contribute for both years.
• Keep track of your contributions to ensure you stay within the annual limits set by the IRS.

Yes, you can absolutely send HSA funds in 2018 if your HDHP was in 2017. It's a great way to manage your healthcare expenses and take advantage of potential tax deductions!