Health Savings Account
For those with a high-deductible health plan (HDHP), save for future medical expenses with a Health Savings Account while earning tax advantages to maximize your health budget and strengthen the Church’s mission to proclaim Christ’s love.
Don’t have a HDHP? Saving for medical expenses is still important. Explore your options with our All Access Account.
About Health Savings Accounts
Navigating healthcare expenses can be overwhelming, and budgeting for those costs isn’t always easy. But a Health Savings Account (HSA) with LCEF is designed to help you set aside money for medical costs while managing these expenses and enjoying specific tax advantages.
Plus, your HSA at LCEF serves a greater purpose. Every dollar helps fund loans and services that support, sustain and strengthen LCMS ministries. It’s a way to take care of your health expenses while contributing to ministry work.
Explore the Benefits
Open account with just $1
Optional Visa® debit card
Tiered interest rates
Compounded interest paid monthly
Support LCMS Ministries
MyAccount online and mobile app access
| Minimum | Rate | APY* |
|---|---|---|
| $1 | 1.500% | 1.510% |
| $2,500 | 2.000% | 2.018% |
| $5,000 | 2.500% | 2.529% |
| $10,000 | 3.000% | 3.042% |
* APY is the annual percentage yield, representing the effective rate of interest when all principal and interest payments are retained in the investment balance.
Open Your HSA Today
Our simple enrollment process starts with downloading and completing the HSA form. Once completed, return it to us to open your account.
Join Lutheran Investors Like You
Sarah Grack-Moritz
School Technology & Innovation, Orange, Calif.
“I am an LCEF investor because we believe in what LCEF does. LCEF helps schools and churches … get loans that they would never have been able to get so that we can promote the spreading of the Gospel and support the community around us.”
Rev. Adam Salinas
Concordia Lutheran Ministries, Freeport, Pa.
“I enjoy investing in LCEF because I know that our money goes towards building new churches and schools. I enjoy investing with them because they are caring and supportive in the financial services that they provide.”
Rev. Michael Schmidt
Peace Lutheran Church, Natoma, Kan.
“Money invested goes beyond traditional means and goes to help churches and schools that share our core beliefs.”
Helpful Documents
Open Your HSA Today
Download and complete the HSA application, then return it and open your account.
Still not sure if an HSA is right for you? Learn more about the All Access Account for flexibility for your health expenses