| 1. |
Provides a system
and method for converting defined benefit group
health and welfare benefit plans to individual
defined contribution coverage—also known
as consumer-driven healthcare. |
| 2. |
Utilizes a graduated / incremental
implementation process for installation of a defined
contribution healthcare delivery system. |
| 3. |
Provides a single/universal
high deductible core comprehensive major medical
plan with high specific lifetime maximum limits
(e.g., $1-$5 million). |
| 4. |
Provides various coverage
options that enable users of the system to reduce
their gross liability by retaining specific medical
funds for medical purchases, or by utilizing the
funds to purchase bridge insurance coverage. |
| 5. |
Provides a conversion method
from group healthcare coverage to individual coverage
within the single healthcare system. |
| 6. |
Provides an online system
that enables self-service/self-directed health
plan setup and ongoing management by users of
the system. |
| 7. |
Provides numerous medical fund (HRA or HSA) access
options, including a unique credit bridge feature. |
| 8. |
Provides an intuitive Request
for Quotation system that significantly reduces
the Plan Sponsor's reliance on a sales representative
in the health plan design and submission process. |
| 9. |
Provides a Web based system
for designing group healthcare plans that is driven
by Plan Sponsor’s business needs and goals. |
| 10. |
Provides online decision
tools and support systems to assist prospective
Plan Sponsors in determining best practices in
designing consumer-engaged healthplans. |
| 11. |
Provides a system and method
for delivering group healthplans which reduces
administrative costs through systematic and operational
efficiencies. |
| 12. |
Provides a system and method
for designing group healthcare plans which enables
direct administrative access to prospective Plan
Sponsors in order to view recommended plan rules
and easily modify such rules. |
| 13. |
Provides a system and method
that enables multiple HRA/HSA fund disbursement
options to Insureds of the system. |
| 14. |
Provides a system and method
for designing group healthcare plans that generates
in ready-to-execute form the application, service
agreement, and master plan adoption documents
for the plan. |
| 15. |
Provides Plan Sponsors the
ability to execute an application for a plan contract,
service agreement and plan adoption documents
electronically, including signature and payment. |
