Randall Dean Ray

US Patent:

20080040155, Feb 14, 2008

Filed:

Aug 7, 2007

Appl. No.:

11/882899

Inventors:

Randall Ray - Olympia WA, US
Robert Payton - Camano Island WA, US

International Classification:

G06Q 40/00
G06Q 50/00

US Classification:

705002000

Abstract:

Methods and systems for providing multiple funding sources for health insurance and other approved healthcare expenses to full-time, hourly, part-time, seasonal, and temporary employees. Healthcare contributions for a single employee or for multiple workers in a family from more than one employer are placed in trust accounts established under separate Health Reimbursement Arrangements (HRAs) by each employer for use in paying qualified medical expenses of the employee and/or the employees' family. Each employer agrees to create HRAs for eligible employees and sends eligible employee data to a financial administrator. A trust account is created to hold the employer contributed HRA funds for the eligible employees. The eligible employees select a healthcare insurance policy, the premiums for which are paid out of each employee's HRA. The employee retains the HRA even if the employee's employment with the funding employer is terminated.