System for augmenting a retirement score with health information

• US 9,830,660 B2
• Filed: 03/20/2015
• Issued: 11/28/2017
• Est. Priority Date: 03/20/2015
• Status: Active Grant

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Dintenfass, Katherine, Nicholson, Daralyn Marie, Hanson, Carrie Anne, Wadley, Cameron Darnell
• Primary Examiner(s): Lemieux, Jessica
• Application Number:
  US14/664,610
• Publication Number:
  US 20160275614A1
• Time in Patent Office: 984 Days
• Field of Search: 705 36 R
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G16H 50/30 for calculating health indices; for individual health risk assessment
• CPC Class Codes: G16Z 99/00 Subject matter not provided for in other main groups of this subclass

Abstract

Embodiments of the invention are directed to systems, methods, and computer program products for assessing retirement planning based on a retirement score. The system is configured to receive health information of a user, wherein the health information comprises at least an age of the user and medical treatment history of the user. Based on the health information, the system determines a life expectancy of the user, and projected allocations of finances for health care of the user based on the health information and the life expectancy of the user. The system is further configured to receive retirement information of the user. Based on the health information and the financial information, the system determines a projected retirement score of the user. The system may communicate the projected retirement score of the user.

Claims

1. A system for determining a projected retirement score, the system comprising:

a memory;

a communication device connected to a distributed network;

a processing device;

a software module stored in memory comprising executable instructions that when executed by the processing device, cause the processing device to;

receive from a health information storage system connected to the distributed network, via the communication device over the distributed network, health information of a user, wherein the health information comprises at least an age of the user and medical treatment history of the user;

determine a life expectancy of the user based on the health information of the user;

determine projected allocations of finances for health care of the user based on the health information and the life expectancy of the user;

receive, from an information system connected to the distributed network, retirement information of the user;

determine a projected retirement score of the user based at least in part on the life expectancy of the user, a projected cost of health care of the user, and the retirement information, wherein the projected retirement score is an estimate of the user'"'"'s preparedness for retirement at a future predetermined date;

communicate to a personal computing device connected to the distributed network, via the communication device, the projected retirement score of the user;

establish a connection with a fitness tracker of the user;

receive, from the fitness tracker, fitness information of the user;

update the projected retirement score of the user based on the fitness information of the user;

in response to receiving the fitness information of the user, prompt the user to perform a fitness activity by (i) causing the fitness tracker to display the updated projected retirement score of the user and a message and (ii) causing the fitness tracker to vibrate;

cause the fitness tracker of the user to determine a location of the user;

receive from the fitness tracker of the user the location of the user;

determine that the user is located proximate to a fitness center based on the location of the user;

in response to determining that the user is located proximate to a fitness center based on the location of the user, communicate to the fitness tracker of the user an offer to join the fitness center;

determine that the user has joined the fitness center; and

update the projected retirement score of the user based on determining that the user has joined the fitness center.

2. The system of claim 1, wherein the retirement information includes an amount of retirement funds of the user, wherein the software module further comprises instructions that cause the processing device to determine an amount of assets needed by the user during retirement, and wherein determining the projected retirement score is further based on the amount of retirement funds of the user and the determined amount of assets needed by the user during retirement.

3. The system of claim 1, wherein the software module further comprises an instruction that causes the processing device to determine a health activity which the user may perform, update the projected retirement score based on the user performing the health activity, and communicate at least the health activity and the updated projected retirement score to the personal computing device of the user over the distributed network.

4. The system of claim 1, wherein the software module further comprises an instruction that causes the processing device to receive from the computing device of the user, via the communication device over the distributed network, a fitness goal, determine an update to the projected retirement score of the user based on the user completing the fitness goal, receive an indication that the user completed the fitness goal, and update the projected retirement score based on the user completing the fitness goal.

5. The system of claim 1, wherein the software module further comprises an instruction that causes the processing device to determine a change in the life expectancy and a projected health score of the user and communicate the change in the life expectancy and the projected health score of the user to an insurance provider of the user to reduce a financial burden associated of the user associated with receiving insurance coverage from the health insurance provider.

6. The system of claim 1, wherein the software module further comprises an instruction that causes the processing device to update the life expectancy of the user based on the fitness information of the user.

7. The system of claim 1, wherein the software module further comprises an instruction that causes the processing device to update the life expectancy of the user based on determining that the user has joined the fitness center.

8. A computer program product for determining a projected retirement score, comprising a non-transitory computer-readable storage medium having computer-executable instructions to:

receive from a health information storage system connected to a distributed network, via a communication device over the distributed network, health information of a user, wherein the health information comprises at least an age of the user and medical treatment history of the user;

determine a life expectancy of the user based on the health information of the user;

determine projected allocations of finances for health care of the user based on the health information and the life expectancy of the user;

receive, from an information system connected to the distributed network, retirement information of the user;

determine a projected retirement score of the user based at least in part on the life expectancy of the user, a projected cost of health care of the user, and the retirement information, wherein the projected retirement score is an estimate of the user'"'"'s preparedness for retirement at a future predetermined date;

communicate to a personal computing device connected to the distributed network, via the communication device, the projected retirement score of the user;

establish a connection with a fitness tracker of the user;

receive, from the fitness tracker, fitness information of the user;

update the projected retirement score of the user based on the fitness information of the user;

in response to receiving the fitness information of the user, prompt the user to perform a fitness activity by (i) causing the fitness tracker to display the updated projected retirement score of the user and a message and (ii) causing the fitness tracker to vibrate;

cause the fitness tracker of the user to determine a location of the user;

receive from the fitness tracker of the user the location of the user;

determine that the user is located proximate to a fitness center based on the location of the user;

in response to determining that the user is located proximate to a fitness center based on the location of the user, communicate to the fitness tracker of the user an offer to join the fitness center;

determine that the user has joined the fitness center; and

update the projected retirement score of the user based on determining that the user has joined the fitness center.

9. The computer program product of claim 8, wherein the retirement information includes an amount of retirement funds of the user, wherein the non-transitory computer-readable storage medium further having computer-executable instructions to determine an amount of assets needed by the user during retirement, and wherein determining the projected retirement score is further based on the amount of retirement funds of the user and the determined amount of assets needed by the user during retirement.

10. The computer program product of claim 8, wherein the non-transitory computer-readable storage medium further has computer-executable instructions to determine a health activity which the user may perform, update the projected retirement score based on the user performing the health activity, and communicate at least the health activity and the updated projected retirement score to the personal computing device of the user over the distributed network.

11. The computer program product of claim 8, wherein the non-transitory computer-readable storage medium further has computer-executable instructions to receive from the computing device of the user, via the communication device over the distributed network, a fitness goal, determine an update to the projected retirement score of the user based on the user completing the fitness goal, receive an indication that the user completed the fitness goal, and update the projected retirement score based on the user completing the fitness goal.

12. The computer program product of claim 11, wherein the non-transitory computer-readable storage medium further has computer-executable instructions to communicate the completion of the fitness goal to a health insurance provider of the user to reduce a financial burden associated of the user associated with receiving health insurance coverage from the health insurance provider.

13. The computer program product of claim 8, wherein the non-transitory computer-readable storage medium further has computer-executable instructions to update the life expectancy of the user based on the fitness information of the user.

14. The computer program product of claim 8, wherein the non-transitory computer-readable storage medium further has computer-executable instructions to update the life expectancy of the user based on determining that the user has joined the fitness center.

15. A method for determining a projected retirement score, the method comprising:

receiving from a health information storage system connected to a distributed network, via a communication device over the distributed network, health information of a user, wherein the health information comprises at least an age of the user and medical treatment history of the user;

determining a life expectancy of the user based on the health information of the user;

determining projected allocations of finances for health care of the user based on the health information and the life expectancy of the user;

receiving from an information system connected to the distributed network retirement information of the user;

determining a projected retirement score of the user based at least in part on the life expectancy of the user, a projected cost of health care of the user, and the retirement information, wherein the projected retirement score is an estimate of the user'"'"'s preparedness for retirement at a future predetermined date;

communicating to a personal computing device connected to the distributed network, via the communication device, the projected retirement score of the user;

establishing a connection with a fitness tracker of the user;

receiving, from the fitness tracker, fitness information of the user;

updating the projected retirement score of the user based on the fitness information of the user;

in response to receiving the fitness information of the user, prompting the user to perform a fitness activity by (i) causing the fitness tracker to display the updated projected retirement score of the user and a message and (ii) causing the fitness tracker to vibrate;

causing the fitness tracker of the user to determine a location of the user;

receiving from the fitness tracker of the user the location of the user;

determining that the user is located proximate to a fitness center based on the location of the user;

in response to determining that the user is located proximate to a fitness center based on the location of the user, communicating to the fitness tracker of the user an offer to join the fitness center;

determining that the user has joined the fitness center; and

updating the projected retirement score of the user based on determining that the user has joined the fitness center.

16. The method of claim 15, wherein the retirement information includes an amount of retirement funds of the user, wherein the method further comprises determining an amount of assets needed by the user during retirement, and wherein determining the projected retirement score is further based on the amount of retirement funds of the user and the determined amount of assets needed by the user during retirement.

17. The method of claim 15, wherein the method further comprises determining a health activity which the user may perform, determining an updated projected retirement score based on the user performing the health activity, and communicating at least the health activity and the updated projected retirement score to the personal computing device of the user over the distributed network.

18. The method of claim 15, wherein the method further comprises receiving from the computing device of the user, via the communication device over the distributed network, a fitness goal, determining an update to the projected retirement score of the user based on the user completing the fitness goal, receiving an indication that the user completed the fitness goal, and updating the projected retirement score based on the user completing the fitness goal.

19. The method of claim 15, wherein the method further comprises updating the life expectancy of the user based on the fitness information of the user.

20. The method of claim 15, wherein the method further comprises updating the life expectancy of the user based on determining that the user has joined the fitness center.