updated 9/19/2010 6:45:46 PM ET 2010-09-19T22:45:46

OVERLAND PARK, Kan., Sept. 17, 2010 (GLOBE NEWSWIRE) -- First Horizon Msaver, Inc. and Ohio-based Talus Brokerage Services today announced an agreement whereby Msaver will become the preferred Health Savings Account (HSA) provider for Talus.

Under the agreement, First Horizon Msaver will provide HSA administrative services and training content for more than 5,000 insurance agents currently working with Talus offices in Cleveland, Columbus, Piketon, Sandusky and Toledo, Ohio. Talus has proven experience connecting sales, implementation and ongoing service cycles of insurance to create efficient, effective and timely solutions for the independent agent.

The agreement also calls for First Horizon Msaver to provide training seminars for agents wishing to expand their knowledge of health savings accounts. The seminars will be conducted online and live at events to take place across Ohio.

"We are very pleased to have established this relationship with one of the country's leading HSA administrators," said Ralph Williamson, managing partner of Talus. "Msaver's emphasis on training and value-based education fits very well with the Talus mission of providing agents with the tools and assistance they need to be successful."

An HSA is a tax-advantaged medical savings account that is available to Americans who are enrolled in a Qualified High Deductible Health Plan (QHDHP). The funds contributed to the account are not subject to federal income tax at the time of deposit. Interest or any investment income earned on deposits is non-taxable, and the funds can be removed from the account tax-free to pay for qualified medical expenses.

"We believe that independent insurance agents will play an increasingly important role in helping their clients navigate the post-reform health insurance environment," said E. Craig Keohan, president of First Horizon Msaver. "We also anticipate that Health Savings Accounts and their tax advantages will play a key role in expanding health coverage. Through our agreement with Talus we will provide the advice and marketing support agents are looking for to make them more successful."

About First Horizon Msaver

First Horizon Msaver Inc. is a leader in the servicing of Health Savings Accounts (HSAs) and is a member of the First Horizon National Corporation (NYSE:FHN) family of companies. 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. First Horizon companies have been recognized as some of the nation's best employers by AARP and Working Mother. First Horizon also was named one of the nation's 100 best corporate citizens by CRO magazine. More information can be found at www.firsthorizonmsaver.com .

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