Tax Savings
The money you put into your First Horizon HSA can reduce your taxable income. Here's how:
- The contributions are 100% tax-deductible
- The funds grow tax-deferred
- When funds are used on eligible medical expenses, they are distributed tax-free.
- Unlike a typical FSA, HSA funds roll over year to year, and funds used after age 65 are able to be used tax-free for eligible medical expenses or at your normal tax rate for non-eligible expenses.
- Competitive Interest Rates or choose from a selection of investment options available through First Tennessee Brokerage, Inc.
To determine if your state provides tax benefits for Health Savings Accounts, please contact your state tax resource.
First Horizon and First Horizon Msaver do not offer tax or legal advice. You are advised to consult your personal tax or legal advisor regarding your individual situation.
Investments
| Not a deposit | Not Guaranteed By the Bank Or Its Affiliates | Not FDIC Insured |
| Not Insured By Any Federal Government Agency | May Go Down In Value |
* Brokerage services provided by First Tennessee Brokerage, Inc. (FTBR). FTBR is a subsidiary of First Tennessee Bank National Association and its division, First Horizon Bank (FTB). First Horizon Msaver, Inc. is a subsidiary of FTB.
Mutual fund investments in which you invest through these features may incur management fees, administrative services fees and fees for other services. Information regarding these charges and fees are described in the mutual fund prospectus.
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2008 Contribution Limits
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