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Will you provide tax advice in connection with my HSA?
Tax advice concerning your HSA will not be provided. It is your sole responsibility to determine the tax consequences of
establishing an HSA. Please discuss any questions you may have with your tax advisor or HDHP provider agent.
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How soon can I open my account?
Your account can be established as early as the effective date of your HDHP coverage. However, if your coverage begins on any day other than the
first day of the month, you cannot establish your account until the first day of the following month.
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I want to make sure my HSA is established as soon as possible. Can I establish my account before my HDHP coverage begins?
You can complete all the paperwork and make a minimum deposit to your account prior to the effective date of your HDHP coverage. However, your account
is not officially "established" until your HDHP coverage begins. But completing the necessary steps before your coverage begins ensures that your HSA
will be "established" as early as possible. This is especially important when your HDHP coverage is effective on a non-business day.
