Methodologies for a health insurance exchange platform

• Main Authors: Ellington, Jr., Robert Mitchell, Pierce, Richard, Haden, Bradley, Jones, Alan Bray, Gage, Jr., Gaston H, Gage, Stephen
• Format: Patent
• Language: English
• Published: 03.01.2023
• Subjects: CALCULATING; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; HEALTHCARE INFORMATICS, i.e. INFORMATION AND COMMUNICATIONTECHNOLOGY [ICT] SPECIALLY ADAPTED FOR THE HANDLING ORPROCESSING OF MEDICAL OR HEALTHCARE DATA; INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTEDFOR SPECIFIC APPLICATION FIELDS; PHYSICS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR

A method for facilitating employee selection of one or more health insurance products includes displaying specific defined contribution amounts for health insurance products; receiving, from the user, input corresponding to selection of a health insurance product; displaying, to the user, information regarding the selected insurance product including an estimated cost of a plan including the selected health insurance product, a coupon amount the cost of the plan will be discounted based on a specific defined contribution amount for the class of the selected health insurance product, a lump sum defined contribution amount the cost of the plan will be discounted, and an estimated monthly cost after the coupon amount and lump sum defined contribution amount are applied.