Finance Articles

First Horizon Msaver Initiates Federated SIgn-on Allowing Health Plan Members to Access HSA Banking Services from an Insurance Carrier's Website

Las Vegas, NV (PRWEB) February 28, 2007 -- First Horizon Msaver, Inc.(http://www.firsthorizonmsaver.com), a leading administrator of Health Savings Accounts (HSAs) announced today at the 2007 Prepaid Card & CDHC Expo in Las Vegas that it is now offering payers technology which empowers the convergence of health care and banking through the use of federated identities for single sign-on to view EOBs, and to connect to banking online and bill pay online services.

"Now customers will be able to go to their carrier's website, log-in, view their Explanation of Benefits (EOB), and then access First Horizon Banking Online and Bill Pay Online with a click of a mouse to pay any remaining balances from their health savings account," said Mitchell.
Mitchell said that he expects this form of connectivity will be well received by both carriers and consumers.

First Horizon Msaver currently works with over 50 health plans and third party administrators to administer health savings accounts (HSAs)(http://www.firsthorizonmsaver.com) for their customers who select HSA-qualified health plans. HSA-qualified health plans give all types of employees more control over their healthcare expenses by combining a lower-premium health plan with a health savings account. The HSA is an account that an employee uses to set aside funds on a pre-tax or tax-deductible basis to pay for routine healthcare such as office visits, prescription drugs or lab tests. Money that isn't spent during the year rolls over to cover future healthcare expenses.

About First Horizon Msaver
First Horizon Msaver Inc.(http://www.firsthorizonmsaver.com) is a leader in the servicing of Health Savings Accounts and is a member of the First Horizon National Corp. (NYSE: FHN) family of companies that provides financial services to business customers and individuals nationwide. With first-to-market technology like electronic enrollment, banking online, online bill pay, investment options and a dedicated HSA customer care center, First Horizon Msaver is helping thousands of Americans get the most out of their tax-favored HSAs.

First Horizon companies have been recognized as some of the nation's best employers by AARP, Working Mother and Fortune magazines. First Horizon also was named one of the nation's 100 best corporate citizens by Business Ethics magazine. More information can be found at www.firsthorizonmsaver.com.

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