Overland Park, KS (PRWEB) December 13, 2006
First Horizon Msaver, Inc., (http://www.firsthorizonmsaver.com) a leader in the servicing of Health Savings Accounts, announced today that it has signed an agreement with Medica Insurance Company, a Minneapolis, MN, health insurance company, to administer Health Savings Accounts (HSAs) for Medica's individual members with HSA-qualified high-deductible health plans.
HSA-qualified health plans give all types of employees more control over their healthcare expenses by combining qualified 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. First Horizon Msaver works with leading health insurance companies like Medica to set up HSA programs for individuals and employer groups.
Under the First Horizon Msaver (http://www.firsthorizonmsaver.com) program, individuals who purchase a qualified health plan from Medica will be able to take advantage of Web-based technology that makes opening and funding these accounts faster and more convenient. Policy holders will have the ability to go online to complete an application to open an account. They may also initially fund the account electronically during the same online session. In addition, Msaver provides individuals with free on-line deposits, a bill pay service and multiple debit cards for family members who may be at college or away from the home.
E. Craig Keohan, president of First Horizon Msaver (http://www.firsthorizonmsaver.com), noted, "We have focused much attention on creating tools that allow individuals to use the convenience of the web to open, fund and manage their health savings accounts, and we are pleased that carriers like Medica are able to refer their customers to us when it comes time to open their HSAs."
About First Horizon Msaver
First Horizon Msaver Inc. is a leader in the servicing of Health Savings Accounts. 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.
For more information, contact:
Marty Trussell, First Horizon Msaver, Inc.