Opening a Health Savings Account ("HSA") with First Horizon is quick and easy. You can complete the process online in just a few minutes.

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Brokers, HR Executives, CFOs, Producers: Employers are concerned and even confused by the current alphabet soup prevalent in the employee benefits marketplace. On "The Benefits Buzz: Inside Health Insurance in America" host Sharon Alt and her expert guests clear up some of that confusion by offering answers to the difficult questions in a clear, understandable manner.

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When you register for My Wellchoice+, you'll receive three highly customized wellness plans teaching you how to exercise properly, eat healthy and cope with life's challenges.

• Plan - Receive customized wellness plans designed to help you achieve your personal goals.
• Coach - Ask an online coach a question and receive a personalized answer.
• Reward - Win prizes just for staying healthy!

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Growing Apart
May 12, 2008

Things at Sharon Alt's company began to unravel after she and her 50-50 partner began having fundamental disagreements about the business' future direction. With no exit strategy, it took nearly a year of tense negotiations and the help of a mediator before the partnership was dissolved. Read More


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Tax Savings for Employers

• Matching amount of Savings on FICA Tax for any qualified benefits purchased by your employees
• Increase employee morale due to improved benefits
• Attract and retain long term dedicated employees
  
  

Tax Savings for Employees

• Each participating employee can save an average of 22.65% on every dollar put through his or her Account.
• Who benefits?
  • Single
  • Married with Family
  • Single with Family
• What benefits are eligible?
  • Group Insurance Premiums
  • Unreimbursed Health Care Expenses
  • Dependent Care Expenses (Child and Elder Care)
• What tax advantages are available through the plan?
  • Suppose your monthly gross pay is $2,500 per month and your cost for coverage is $140.00 per month. Also, suppose your total withholdings (income tax and Social Security) are 22.65%. After paying for coverage from your after-tax pay, your take home pay is $1,794.00. However, under the pre-tax premium plan, you will be considered to have received $2,360.00 gross pay rather than $2,500.00 for tax purposes with $140.00 contributed for medical coverage. This means your take home pay will be $1,825.00 with the pre-tax premium plan rather than $1,794.00 without it. Thus, you save $31.00 per month ($372.00 per year) by participating in the pre-tax premium plan. The table below illustrates this savings.