Method and system for credit card reimbursements for health care transactions

• US 7,380,707 B1
• Filed: 02/25/2005
• Issued: 06/03/2008
• Est. Priority Date: 02/25/2004
• Status: Active Grant

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Fredman, Marc Lawrence
• Primary Examiner(s): Frech; Karl D.
• Application Number:
  US11/065,029
• Time in Patent Office: 1,194 Days
• Field of Search: 235/379, 235/375
• US Class Current: 235/379
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/407 Cancellation of a transaction
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

According to one embodiment, the present invention relates to a method and a system for reimbursing credit card transactions for health care services and/or products. An exemplary method and system may involve registering a user for reimbursement wherein the user identifies one or more payment mechanisms and one or more reimbursement methods; identifying a user transaction with the one or more payment mechanisms at a merchant wherein the user transaction comprises one or more purchases; receiving merchant data regarding the user transaction; determining reimbursement eligibility of the one or more purchases of the user transaction based at least in part on the merchant data; and reimbursing the user for eligible purchases via the one or more reimbursement methods.

Claims

1. A computer implemented method for facilitating healthcare reimbursements for eligible transactions, the computer implemented method comprising the steps of:

registering a user for reimbursement through an interface wherein the user identifies one or more payment mechanisms and one or more reimbursement methods for healthcare related purchases, prior to a user transaction;

identifying the user transaction with the one or more payment mechanisms at a merchant wherein the user transaction comprises one or more purchases wherein at least one purchase is related to healthcare;

receiving merchant data and transaction level data from the merchant regarding the user transaction;

determining healthcare reimbursement eligibility of the one or more purchases of the user transaction based at least in part on the merchant data and transaction level data; and

reimbursing the user for one or more eligible healthcare purchases via the one or more reimbursement methods.

2. The method of claim 1, wherein the payment mechanism comprises one or more of a credit card, debit card and token.

3. The method of claim 1, wherein the reimbursement method comprises an electronic deposit in an account.

4. The method of claim 1, wherein the reimbursement method comprises credit against an credit card balance.

5. The method of claim 1, wherein the reimbursement method comprises deposit in an investment account.

6. The method of claim 1, wherein the merchant data comprises line item data of the user transaction.

7. The method of claim 1, wherein the step of determining eligibility comprises applying a filter to the merchant data.

8. The method of claim 7, wherein the filter comprises one or more IRS guidelines.

9. The method of claim 8, wherein the filter comprises additional one or more employer specified guidelines.

10. The method of claim 1, wherein the user transaction comprises ineligible and eligible purchases.

11. The method of claim 10, wherein the ineligible purchases are applied to a payment channel associated with the payment mechanism.

12. The method of claim 1, wherein reimbursement is made from a consumer-directed account.

13. The method of claim 12, wherein the consumer-directed account comprises a Flexible Spending Account associated with the participant wherein the participant designates a predetermined amount of pre-taxed dollars to be deducted from the participant'"'"'s paycheck and contributed to the participant'"'"'s consumer-directed account.

14. The method of claim 12, wherein the consumer-directed account comprises a Medical Savings Account associated with the participant.

15. The method of claim 12, wherein the consumer-directed account comprises a Health Reimbursement Arrangement account associated with the participant.

16. A computer implemented method for facilitating healthcare reimbursements for eligible transactions, the computer implemented method comprising the steps of:

identifying one or more payment mechanisms through an interface of a computer implemented reimbursement system;

identifying one or more reimbursement methods through the interface of the computer implemented reimbursement system;

making one or more purchases at a merchant entity with the one or more identified payment mechanisms wherein at least one purchase is related to healthcare; and

receiving reimbursement for one or more eligible healthcare purchases via the one or more reimbursement methods;

wherein the step of identifying one or more payment mechanisms and the step of identifying one or more reimbursement methods are performed prior to the step of making one or more purchases.

17. The method of claim 16, wherein the payment mechanism comprises one or more of a credit card, debit card and token.

18. The method of claim 16, wherein the reimbursement method comprises one or more of an electronic deposit in an account, credit against an credit card balance and deposit in an investment account.

19. The method of claim 16, wherein ineligible purchases are applied to a payment channel associated with the payment mechanism.

20. The method of claim 16, wherein reimbursement is made from a consumer-directed account.

21. A computer implemented system for facilitating healthcare reimbursements for eligible transactions, the computer implemented system comprising:

register module for registering a user for reimbursement wherein the user identifies one or more payment mechanisms and one or more reimbursement methods for healthcare related purchases, prior to a user transaction;

payment module for identifying the user transaction with the one or more payment mechanisms at a merchant wherein the user transaction comprises one or more purchases and receiving merchant data and transaction level data from the merchant regarding the user transaction wherein at least one purchase is related to healthcare;

eligibility module for determining healthcare reimbursement eligibility of the one or more purchases of the user transaction based at least in part on the merchant data and transaction level data; and

reimbursement module for reimbursing the user for one or more eligible healthcare purchases via the one or more reimbursement methods.

22. The system of claim 21, wherein the payment mechanism comprises one or more of a credit card, debit card and token.

23. The system of claim 21, wherein the reimbursement method comprises an electronic deposit in an account.

24. The system of claim 21, wherein the reimbursement method comprises credit against an credit card balance.

25. The system of claim 21, wherein the reimbursement method comprises deposit in an investment account.

26. The system of claim 21, wherein the merchant data comprises line item data of the user transaction.

27. The system of claim 21, wherein a filter is applied to the merchant data.

28. The system of claim 27, wherein the filter comprises one or more IRS guidelines.

29. The system of claim 28, wherein the filter comprises additional one or more employer specified guidelines.

30. The system of claim 21, wherein the user transaction comprises ineligible and eligible purchases.

31. The system of claim 30, wherein the ineligible purchases are applied to a payment channel associated with the payment mechanism.

32. The system of claim 21, wherein reimbursement is made from a consumer-directed account.

33. The system of claim 32, wherein the consumer-directed account comprises a Flexible Spending Account associated with the participant wherein the participant designates a predetermined amount of pre-taxed dollars to be deducted from the participant'"'"'s paycheck and contributed to the participant'"'"'s consumer-directed account.

34. The system of claim 32, wherein the consumer-directed account comprises a Medical Savings Account associated with the participant.

35. The system of claim 32, wherein the consumer-directed account comprises a Health Reimbursement Arrangement account associated with the participant.

36. A computer implemented system for facilitating healthcare reimbursements for eligible transactions, the computer implemented system comprising:

payment module for identifying one or more payment mechanisms with a computer implemented reimbursement system; and

reimbursement module for identifying one or more reimbursement methods with the computer implemented reimbursement system;

where the user makes one or more purchases at a merchant entity with the one or more identified payment mechanisms wherein at least one purchase is related to healthcare; and

the user receives reimbursement for one or more eligible healthcare purchases via the one or more reimbursement methods;

wherein the user identifies one or more payment mechanisms and one or more reimbursement methods prior to making one or more purchases at the merchant entity.

37. The system of claim 36, wherein the payment mechanism comprises one or more of a credit card, debit card and token.

38. The system of claim 36, wherein the reimbursement method comprises one or more of an electronic deposit in an account, credit against an credit card balance and deposit in an investment account.

39. The system of claim 36, wherein ineligible purchases are applied to a payment channel associated with the payment mechanism.

40. The system of claim 36, wherein reimbursement is made from a consumer-directed account.

41. At least one signal embodied in at least one carrier wave for transmitting a computer program of instructions configured to be readable by at least one processor for facilitating healthcare reimbursements for eligible transactions, the computer process comprising:

registering means for registering a user for reimbursement wherein the user identifies one or more payment mechanisms and one or more reimbursement methods for healthcare related purchases, prior to a user transaction;

identifying means for identifying the user transaction with the one or more payment mechanisms at a merchant wherein the user transaction comprises one or more purchases wherein at least one purchase is related to healthcare;

receiving means for receiving merchant data and transaction level data from the merchant regarding the user transaction;

determining means for determining healthcare reimbursement eligibility of the one or more purchases of the user transaction based at least in part on the merchant data and transaction level data; and

reimbursing means for reimbursing the user for one or more eligible healthcare purchases via the one or more reimbursement methods.

42. At least one signal embodied in at least one carrier wave for transmitting a computer program of instructions configured to be readable by at least one processor for facilitating healthcare reimbursements for eligible transactions, the computer process comprising:

identifying means for identifying one or more payment mechanisms with a computer implemented reimbursement system;

identifying means for identifying one or more reimbursement methods with the computer implemented reimbursement system;

means for making one or more purchases at a merchant entity with the one or more identified payment mechanisms wherein at least one purchase is related to healthcare; and

receiving means for receiving reimbursement for one or more eligible healthcare purchases via the one or more reimbursement methods;

wherein the user identifies one or more payment mechanisms and one or more reimbursement methods prior to making one or more purchases at the merchant entity.

43. A computer implemented method for facilitating reimbursements for eligible transactions, the computer implemented method comprising the steps of:

registering a user for reimbursement wherein the user identifies one or more payment mechanisms and one or more reimbursement methods, wherein the one or more payment mechanisms comprise one or more of a credit card, debit card and token and wherein the one or more reimbursement methods comprise one or more of an electronic deposit in an account, credit against an credit card balance, and deposit in an investment account;

identifying a user transaction with the one or more payment mechanisms at a merchant wherein the user transaction comprises one or more purchases where the user transaction comprises ineligible and eligible purchases;

receiving merchant data regarding the user transaction, wherein the merchant data comprises line item data of the user transaction;

determining reimbursement eligibility of the one or more purchases of the user transaction based at least in part on the merchant data; and

reimbursing the user for eligible purchases via the one or more reimbursement methods;

wherein reimbursement for eligible purchases are made from a consumer-directed account and wherein the ineligible purchases are applied to a payment channel associated with the payment mechanism.