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Benefit Administrator Medcom to Offer First Horizon Health Savings Account to Employers

OVERLAND PARK, Kan., Feb. 19, 2008 (PRIME NEWSWIRE) -- First Horizon Msaver, Inc. announced today that it has been selected by Medcom, a leading employee benefit administrator based in Jacksonville, FL, to serve as the Health Savings Account (HSA) administrator for Medcom's employer customers who offer HSA-qualified health plans to their employees.

HSA-qualified health plans give all types of employees more control over their healthcare expenses by combining a lower-premium health plan with a health savings account. The HSA is an account that an employee uses to set aside funds on a pre-tax or tax-deductible basis to pay for routine healthcare such as office visits, prescription drugs or lab tests. Money that isn't spent during the year rolls over to cover future healthcare expenses.

Under the First Horizon Msaver program, employer groups who offer their employees HSA-qualified health plans will be able to take advantage of processes that make opening and funding these accounts faster and more convenient. Plan members will have the ability to go online to complete an application to open an account, or use a paper enrollment form. Once established, the account features many benefits such as online banking and online bill pay, as well as three investment options for larger balances. Meanwhile, employers will be able to select from several options available to them for funding the accounts on an on-going basis.

"Medcom distinguishes itself from competitors by its flexibility and personalized service in all interactions with clients or with their employees and plan participants," said Michael J. Bracken, president of Medcom. "Employers who recognize the value of Medcom's unique Flexible Benefit products will also appreciate the best in class HSA product that we are now able to deliver through First Horizon Msaver."

E. Craig Keohan, president of First Horizon Msaver, said, "We are very pleased to have Medcom working with us. We see a great deal of similarity in the way our two companies approach the market in that we both emphasize service, education, and training, including providing support at employee enrollment meetings."

About First Horizon Msaver

First Horizon Msaver Inc. is a leader in the servicing of Health Savings Accounts and is a member of the First Horizon National Corp. (NYSE:FHN - News) family of companies that provide financial services to business customers and individuals nationwide. 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 magazines. First Horizon also was named one of the nation's 100 best corporate citizens by Business Ethics magazine. More information can be found at http://www.FirstHorizonMsaver.com.

About Medcom

Medcom is a leading employee benefit administrator, well-known for specializing in exceptional service and a variety of product offerings that are designed to help employers meet the challenges of a rapidly changing work force.

Medcom's Flexible Benefit Administration has changed the way employers view Flexible Spending Accounts (FSAs). Once the forgotten benefit, FSAs have become a very important piece of an overall employee benefit package.

In more than ten years as a COBRA administrator, Medcom has developed a high level of expertise that is evident in its turnkey program for employers. Since inception of this service, no client company has been fined or received any other penalty due to any non-compliance with the requirements.

Contact:

First Horizon National Corp.
Martin Trussell
913-317-2085
Fax: 913-317-2085
mtrussell@firsthorizon.com