Is it too late to open an HSA for 2018? - A Guide to Health Savings Accounts

Are you wondering if it's too late to open an HSA for 2018? The good news is that you still have time to open and contribute to a Health Savings Account for the previous year. An HSA is a tax-advantaged savings account that allows individuals to save for medical expenses while enjoying tax benefits. Here's all you need to know about opening an HSA for 2018:

Key Points:

• An HSA can be opened and funded up until the tax filing deadline for the previous year, which is typically April 15th.
• Contributions made to an HSA are tax-deductible, reducing your taxable income for the year.
• Any funds left in the HSA roll over from year to year, so you never lose your savings.
• HSA funds can be used for qualified medical expenses, including doctor visits, prescriptions, and more.

So, if you haven't opened an HSA for 2018 yet, it's not too late! Take advantage of the tax benefits and start saving for your medical expenses today.

Are you still contemplating whether it's too late to open an HSA for 2018? Good news: You can still establish and fund a Health Savings Account up until the tax filing deadline, which usually falls on April 15th. This means time is on your side to secure those tax advantages!