First Horizon Msaver and Norvax Announce Joint Marketing Agreement


OVERLAND PARK, KS--(Marketwire - August 3, 2010) -  First Horizon Msaver, Inc. and Chicago-based Norvax, Inc. today announced an agreement whereby Msaver will become the preferred Health Savings Account (HSA) provider for the Norvax health insurance agent portal.

Under the agreement, First Horizon Msaver will provide HSA training content for the agent portal which is currently used by nearly 12,000 health insurance agencies nationwide to obtain product information and quotes from hundreds of health insurance companies.

The agreement also calls for First Horizon Msaver to provide training seminars for agents wishing to expand their knowledge of health savings accounts. These seminars will be conducted online as well as live at Norvax University events taking place across the country.

Norvax is the industry leader in providing online technology and marketing tools to insurance agencies, including lead generation websites and back-end automation tools. This results-driven technology and industry expertise has helped Norvax to create partnerships with more than 75 of the country's leading insurance companies. 

"We are very pleased to have established this relationship with one of the country's leading HSA administrators," said Clint Jones, CEO of Norvax. "Msaver's emphasis on training and education fits very well with the Norvax mission of providing agents with the tools 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.

"As consumers become increasingly aware of money-saving health coverage options and high demand for online platforms that provide creditable information about Health Savings Accounts and their tax advantages, our strategic agreement with Norvax provides a unique experience for consumers and insurance agents nationally," said E. Craig Keohan, president of 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 Corp. (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.

The program is scheduled to roll out over the next few months with a kick-off webinar scheduled for July 15th.

Contact Information:

Contact:

Norvax, Inc.
Business Development
Ryan Murphy
312.386.8225

First Horizon Msaver Inc.
Martin Trussell
913-317-2085

First Horizon National Corp.
Media Relations
Anthony Hicks
901-523-4726