April 17, 2007, is the last day that you can open and contribute to an HSA to receive the tax deduction for the tax year 2006. You must have had a qualified HDHP for at least one full month in 2006 to open an HSA and claim an HSA deduction for 2006. You must pro-rate your contributions by the number of full months you had the HDHP durning 2006.

Shop for the HSA that fits you. Usually the HSA providers the insurance companies have partnered with have the highest costs. It's worth your time to shop HSA prices, just as you would shop for health care prices. Make sure you compare the different HSA providers' fees. Some providers charge monthly or annual fees, while some even charge to use the debit card. These costs can add up.

Always keep you qualified health care expense receipts.

Investment options. You may want to use your HSA as a investment account, and continue to pay your health care costs out of pocket. There is no time limit for when you can reimburse yourself for your health care expenses; you just need to keep legible receipts and records in case you do reimburse yourself at a later date, or in case you are audited.

You are not allowed to reimburse yourself for qualified health care expenses until you open an HSA, so whether you purchased your HDHP last year or it took effect sometime this year, the most important thing to do is to establish an HSA somewhere, so that you can reimburse yourself going forward.

HSA Trustee Services is a nationwide provider specializing in opening and servicing Health Savings Accounts (HSA) for individuals, families and groups since the inception of the HSA program in January 2004. Investment options with optionsXpress. HSA Trustee Services offers their exclusive "HSA Rx Card" for further savings on prescriptions drugs. For more information on this program, or the other benefits of using HSA Trustee Services, please call 866-HSA-2010 or visit the website at www.hsatrusteeservices.com. HSA Trustee Services is dedicated to "Keeping the $avings in the Health Savings Account."