OVERLAND PARK, Kan., March 4, 2010 (GLOBE NEWSWIRE) -- First Horizon Msaver Inc., one of the nation's premier Health Savings Account (HSA) financial administrators, today released an analysis of its Health Savings Account demographic, account usage and savings trend data from a comprehensive analysis spanning a three-year period.
The data reveals several behavioral and transactional trends that indicate Health Savings Accounts are being utilized as intended to pay for out-of-pocket medical expenses by all age groups. The study further indicates that consumers are consciously saving for their health care future when health care dollars are required the most.
"We believe by sharing this data, aggregating tens of thousands of active account holder experiences, we will assist many employers, employees and individuals in making an informed decision when choosing to elect a consumer-driven health plan as their benefit choice," said E. Craig Keohan, president of First Horizon Msaver and Chairman Emeritus of the American Bankers Association HSA Council.
First Horizon Msaver serves thousands of employer groups, insurance agents, consultants, affinity associations and consumers nationwide.
A copy of the whitepaper, HSA Utilization Report 2007-2009, may be obtained at http://www.firsthorizonmsaver.com/whitepaper/.
About First Horizon Msaver
First Horizon Msaver Inc. is a leader in the servicing of Health Savings Accounts (HSAs) and is a member of the First Horizon National Corp. (NYSE:FHN) family of companies. 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 and Working Mother. First Horizon also was named one of the nation's 100 best corporate citizens by CRO magazine. More information can be found at www.firsthorizonmsaver.com.
CONTACT: First Horizon Msaver Inc.
Martin Trussell
913-317-2085
First Horizon National Corp.
Media Relations
Anthony Hicks
901-523-4726