OVERLAND PARK, Kan., June 15, 2005 (PRIMEZONE) -- First Horizon MSAver Resources, Inc. is tripling the size of its office space and updating its equipment in response to its growing customer base.
The new office will be located at 7400 West 110th Street, Suite 520, will include a contemporary customer service phone system and imaging system, and will be able to process participants' health savings account contributions.
"This expansion is a clear demonstration of our continued commitment to provide our customers with world-class customer service," said E. Craig Keohan, president of First Horizon MSAver Resources, Inc. "The expansion is timely and needed to keep pace with our record growth. The new space will not only house more than 50 dedicated customer service representatives but will also allow space for our new state-of-the-art technology center. First Horizon MSAver existing and new customers will discover that not all health savings account financial administrators are the same. Our vision and pioneering spirit have made our company one of the fastest growing consumer directed healthcare financial companies since 1997."
MSAver is one of the pioneers in the consumer driven health care industry and has become a leader in administering health savings accounts (HSAs).
The Medicare Act of 2003 expanded the health benefits opportunities available to employers of all sizes and their employees by authorizing the use of health savings accounts. Employees can make pre-tax or tax deductible contributions into their HSAs. HSAs are designed to give consumers more control over their health care expenses.
Health savings accounts allow companies and consumers to take advantage of lower premiums associated with HSA qualified health insurance plans. Funds deposited into the HSA account can be conveniently accessed through the use of a debit card or check to pay for any qualified medical expense. Unused funds roll over each year providing a savings vehicle for future healthcare costs.
First Horizon MSAver Resources, Inc., is part of the First Horizon National Corporation (NYSE:FHN) family of companies. The parent company is one of the top 30 financial services companies in the U.S.
"First Horizon National Corporation has committed the capital and resources to secure our position as the nation's leading HSA financial institution," said Rhomes Aur, executive vice president of wealth management for First Horizon National Corporation.
About First Horizon
-- The 13,000 employees of First Horizon National Corp.
(NYSE:FHN) provide financial services to individuals and
business customers through hundreds of offices located in
more than 40 states. The corporation's three major brands
-- FTN Financial, First Horizon and First Tennessee -
provide customers with a broad range of products and
services including:
-- Capital markets, one of the nation's top underwriters of
U.S. government agency securities
-- Mortgage banking, one of the nation's top 20 mortgage
originators and top 15 servicers, which earned a top-10
ranking in customer satisfaction from J.D. Power and
Associates
-- Retail/commercial banking, with the largest market share in
Tennessee and one of the highest customer retention rates
of any bank in the country
FHN companies have been recognized as some of the nation's best employers by AARP, Working Mother and Fortune magazines. FHN also was named one of the nation's 100 best corporate citizens by Business Ethics magazine. More information can be found at www.fhnc.com.