First Horizon Msaver HSA Employer Funding Portal a Proven Success

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Employer groups reduce costs and eliminate errors by using electronic HSA funding.

First Horizon Msaver, Inc., a national leader in the Health Savings Accounts (HSA) administration(http://www.firsthorizonmsaver.com), announced today that since introducing its online HSA Employer Funding Portal in February the adoption rate has been nearly universal among the over 500 employer groups that use the firm’s services.

“Over the past six months, employers ranging from Fortune 500 companies to entrepreneurs have been quick to see the value of the online funding portal,” said Billy Mitchell, SVP Operations. “By using the portal, employers are able to eliminate the cost of overnight delivery for sending contribution checks and spreadsheets, while they reduce errors and omissions.”

The Employer Funding Portal is a free service offered by First Horizon Msaver (http://www.firsthorizonmsaver.com) to employer groups who utilize First Horizon Bank as custodian for their employees’ HSAs. Using any web browser, employers can log in to the portal, and with and few clicks of the mouse, establish and maintain employee and /or employer contribution amounts which are then sent to the bank via ACH transfer and deposited into the employees’ individual accounts the next business day. Employers can also use the portal to access financial management tools to help them make decisions about potential changes to their Consumer Driven Health Care Plans (CDHPs).

First Horizon Msaver President, E. Craig Keohan cites the Employer Funding Portal as an example of the value proposition that the company he leads brings to the expanding HSA marketplace. “The Employer Funding Portal is just one of the many technological advances that is causing employers of all sizes to trust First Horizon Msaver as their HSA banking solution,” Keohan said.

About First Horizon Msaver, Inc.

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. (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.

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Martin Trussel
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