OVERLAND PARK, Kan., Oct. 2, 2008 (GLOBE NEWSWIRE) -- First Horizon Msaver Inc. announced today that the company has entered an agreement with ScriptSave to provide First Horizon Health Savings Account (HSA) customers with a no-cost prescription drug savings program. Through the program, customers will be able to compare prescription drug costs online and locate thousands of participating pharmacies nationwide to find the most competitive pricing.
"We are pleased to be working with ScriptSave to provide this valuable service to our customers," said E. Craig Keohan, president of First Horizon Msaver. "Having the tools and resources available to make informed, cost-conscious decisions is an integral part of the consumer-driven health care process, and ScriptSave's program is a perfect fit for our HSA offering in this regard."
According to ScriptSave, customers save an average of 22 percent by using the program, with potential savings of up to 50 percent based on national program savings data. The ScriptSave program will also give First Horizon Msaver customers the opportunity to save on vision and hearing care expenses including contact lenses, prescription glasses and hearing aids as well as diabetes care and supplies.
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 for Msaver President E. Craig Keohan. Most recently, First Horizon Msaver was awarded Best CDHC Card Program by Paybefore Awards. First Horizon Msaver is headquartered in Overland Park, Kan., with 12 regional sales offices located throughout the United States. Visit www.firsthorizonmsaver.com for more information.