INVESTMENTS Health Savings Account Many employers offer the health coverage option of a high-deductible health plan (HDHP) that can be paired with a Health Savings Account (HSA). HSAs offer investors the opportunity to use their funds to pay for qualifying medical expenses.

Contributions are tax-deductible, earnings grow tax-free and withdrawals are tax-free for qualified medical, dental and vision expenses.

HSA FlexPlus Certificate

LCEF’s HSA FlexPlus Certificate earns interest while allowing easy access to funds. The difference between HSAs and other medical savings accounts is that the funds carry over year to year with no “use it or lose it” requirement.

Benefits & Features

  • Minimum $1 investment to open account
  • Initial order of checks free and check reorders at LCEF cost
  • Visa® debit card (optional)
  • Tiered interest rates that rise as your balance grows
  • Interest compounded and paid monthly
  • Low annual fee
MinimumRateAPY *
* APY is the annual percentage yield, representing the effective rate of interest when all principal and interest payments are retained in the investment balance.

Get Started  

Not all HDHPs are compatible with LCEF’s HSA FlexPlus Certificate, so please check with your employer or health insurance provider.

Need to know more about HSAs? Visit our HSA Service Center to learn more.

Consulting Your Tax Advisor

Neither LCEF nor its representatives give legal, accounting or tax advice. We always suggest that you consult with your tax advisor regarding the applicability of this information to your own situation. For assistance in completing the necessary forms or if you have any questions, please call 800-843-5233.

UMB Bank n.a. serves as the custodian of the LCEF IRA/HSA Programs.