Pharmacy personal care account

US7895054B2 · kind B2 · utility

Assignee

• Humana Inc. · US

Inventors

• Benjamin E. Slen · Louisville, US
• Cullen L. Reed · Louisville, US
• Elizabeth D. Bierbower · Wellesley, US
• Maureen M. Kinser · Louisville, US
• Jonathan T. Lord · Louisville, US
• Sandra L. Bartel · Untergruppenbach, DE

Key dates

• Filing date: Aug 4, 2005
• Grant date: Feb 22, 2011
• Expiry date: Jul 22, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G16H10/60
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for providing insurance coverage to a subscriber comprises offering an insurance policy to said subscriber wherein said insurance policy comprises providing allowances to pay for one or more expenses covered by said insurance policy and providing monetary credits to said subscriber for any unused portion of a given allowance where said monetary credits can be used to cover the cost of a subsequent allowed expense. The insurance policy may be a pharmacy benefits plan. The covered expenses may be pharmacy expenses. The allowed expenses may be medical expenses which qualify under section 213 of the US Internal Revenue code for payment by an employer without said subscriber having to declare said payment as taxable income.