OVERLAND PARK, Kan., Oct. 1, 2008 (GLOBE NEWSWIRE) -- First Horizon Msaver Inc. announced today that it has signed a marketing and services agreement to assist in the sale of qualified High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs) for agents and brokers of Bluegrass Family Health, a Kentucky-based not-for-profit health insurance company that has recently entered the Nashville and Knoxville areas of Tennessee.
Bluegrass Family Health markets HDHPs in Kentucky, Tennessee and Indiana. HSA-qualified health plans give individual account holders and employees great control over their healthcare expenses by combining a lower-premium health plan with a tax-advantaged HSA.
Under the First Horizon Msaver program, individuals who purchase a Bluegrass Family Health HSA-qualified HDHP will be able to take advantage of innovative features and technology that make opening and funding HSAs faster and more convenient for both consumers and employers. First Horizon Msaver also offers customers access to dedicated service and support with a 24/7 customer care center.
"We are very pleased to offer our award-winning HSA solution in conjunction with BFH's superior HSA-qualified health plans, and we look forward to helping BFH clients take advantage of this valuable program," said E. Craig Keohan, president of First Horizon Msaver.
About First Horizon Msaver
First Horizon Msaver Inc. is one of the nation's premier Health Savings Account (HSA) financial administrators, serving thousands of employer groups, insurance agents, consultants, affinity associations and consumers nationwide. First-to-market with MSA administration in 1997 and later with HSA administration in 2003, First Horizon Msaver continues to leverage its long-standing market experience, expertise and innovative technologies to set the standard for healthcare financial products within the consumer-driven health care industry. First Horizon Msaver has been recognized by the industry for its commitment to product innovation and for its executive leadership. In 2007 the company received the CDHC Award for Most Innovative CDHC Product in the custodial bank category and the CEO Leadership Award. Most recently, First Horizon Msaver was awarded Best CDHC Card Program by Paybefore Awards. First Horizon Msaver is headquartered in Overland Park, Kan., and has 12 regional sales offices throughout the U.S. It is a member of the First Horizon National Corp. (NYSE:FHN) family of companies. For more information, visit www.firsthorizonmsaver.com.
About Bluegrass Family Health
Bluegrass Family Health is a Kentucky-based group health plan serving more than 345,000 members throughout Kentucky, Indiana, and Tennessee. With headquarters in Louisville, KY and Nashville, BFH provides employer group insurance with a wide array of products to meet the needs of the marketplace. Bluegrass Family Health was created to provide access to exceptional medical care, affordable and flexible health plans, and personal service. The company supports a consumer directed approached to health care through their Bluegrass Consumer Choice product. For additional information, visit www.bgfh.com.