Health Savings Accounts (HSAs) are a valuable tool for managing healthcare costs and saving for the future. If you are considering opening an HSA for the year 2017, it is important to be aware of the deadline to do so. The deadline for opening an HSA for a particular tax year is always tied to the tax filing deadline for that year. Here are some key points to keep in mind: - The deadline for opening an HSA for the year 2017 is the tax filing deadline for the year 2017, which is typically April 15th of the following year. - If you have an HSA-eligible health insurance plan in place by December 1st of the tax year, you can open an HSA for that year. - Opening an HSA allows you to contribute funds on a pre-tax basis, enjoy tax-free growth on your contributions, and withdraw funds tax-free for qualified medical expenses. - Contributions to an HSA for the year 2017 can be made up until the tax filing deadline for the year 2017. In summary, the deadline for opening an HSA for the year 2017 is tied to the tax filing deadline for that year, which is typically April 15th of the following year. It's important to be mindful of these deadlines to take full advantage of the tax benefits that HSAs offer.

As you consider opening a Health Savings Account (HSA) for the year 2017, it's crucial to remember the April 15th deadline. This is not just a date—it's your chance to maximize your tax benefits!