Patent ID: 8463625
Filing Date: 2013-06-11
Classification: G06Q

Abstract:
1. A method, comprising: receiving census information from a user pertinent to a group insured by one or more insurance policies; receiving second information from the user describing attributes of one or more insurance policies available to the group for a particular type of insurance; executing for each individual or family in the group and each of the available one or more insurance policies, an application configured to calculate uncovered costs associated with the second information based on characteristics of the individual or family, and calculating a total of the uncovered costs for the group, wherein the uncovered costs are costs separate from a premium of each of the available one or more insurance policies which are further not covered by any insurance policy; receiving third information from the user regarding the premium of each of the available one or more insurance policies for the group; receiving fourth information from the user regarding a rule for and type of fair sharing of a total of the premium and the uncovered costs between the group and a third party; processing, by a processor, the total of the uncovered costs, the third information, and the fourth information to produce the fair sharing of the total of the premium and the uncovered costs of insurance between the group and the third party; and delivering to the user payments by the group and by the third party that are consistent with the rule for fair sharing provided by the user.