HEALTH INSURANCE PRODUCT
First Claim
1. A method of providing a health insurance product for an insurance plan holder having a health insurance plan, the method comprising:
- for a first period, collecting a periodic contribution payment for the health insurance plan and aggregating the periodic contribution payment collected as an insurance savings allocation balance of collected periodic contribution payments from the first period and at least a period immediately previous to the first period;
obtaining a new periodic multiplier contribution for the first period by multiplying the periodic contribution payment for the first period by a variable multiplier that is variable for each period, anddetermining, using a tangible computer processor, a new cumulative multiplier contribution balance for the first period by adding the new periodic multiplier contribution obtained to a previous cumulative multiplier contribution balance determined for the period immediately previous to the first period.
1 Assignment
0 Petitions
Accused Products
Abstract
A health insurance product is provided for an insurance plan holder having a health insurance plan. For a first period, a periodic contribution payment for the health insurance plan is collected and aggregated as an insurance savings allocation balance of collected periodic contribution payments from the first period and at least a period immediately previous to the first period. A new periodic multiplier contribution for the first period is obtained by multiplying the periodic contribution payment for the first period by a variable multiplier that is variable for each period. A new cumulative multiplier contribution balance for the first period is determined, using a tangible computer processor, by adding the new periodic multiplier contribution obtained to a previous cumulative multiplier contribution balance determined for the period immediately previous to the first period.
7 Citations
20 Claims
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1. A method of providing a health insurance product for an insurance plan holder having a health insurance plan, the method comprising:
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for a first period, collecting a periodic contribution payment for the health insurance plan and aggregating the periodic contribution payment collected as an insurance savings allocation balance of collected periodic contribution payments from the first period and at least a period immediately previous to the first period; obtaining a new periodic multiplier contribution for the first period by multiplying the periodic contribution payment for the first period by a variable multiplier that is variable for each period, and determining, using a tangible computer processor, a new cumulative multiplier contribution balance for the first period by adding the new periodic multiplier contribution obtained to a previous cumulative multiplier contribution balance determined for the period immediately previous to the first period. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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19. A system for providing a health insurance product for an insurance plan holder having a health insurance plan, the system comprising:
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a memory that stores executable instructions; and a processor that executes the executable instructions, wherein, when executed by the processor, the executable instructions cause the system to; collect, for a first period, a periodic contribution payment for the health insurance plan and aggregate the periodic contribution payment collected as an insurance savings allocation balance of collected periodic contribution payments from the first period and at least a period immediately previous to the first period; obtain a new periodic multiplier contribution for the first period by multiplying the periodic contribution payment for the first period by a variable multiplier that is variable for each period, and determine, using a tangible computer processor, a new cumulative multiplier contribution balance for the first period by adding the new periodic multiplier contribution obtained to a previous cumulative multiplier contribution balance determined for the period immediately previous to the first period.
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20. At least one non-transitory tangible computer readable storage medium that stores executable instructions for providing a health insurance product for an insurance plan holder having a health insurance plan, the executable instructions, when executed by a tangible computer processor, causing a computer to:
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collect, for a first period, a periodic contribution payment for the health insurance plan and aggregate the periodic contribution payment collected as an insurance savings allocation balance of collected periodic contribution payments from the first period and at least a period immediately previous to the first period; obtain a new periodic multiplier contribution for the first period by multiplying the periodic contribution payment for the first period by a variable multiplier that is variable for each period, and determine, using the tangible computer processor, a new cumulative multiplier contribution balance for the first period by adding the new periodic multiplier contribution obtained to a previous cumulative multiplier contribution balance determined for the period immediately previous to the first period.
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Specification