Patent ID: 7624032

Claim:
A method of managing the use of a medical insurance plan comprising: loading member application forms for one of a plurality of member selected medical insurance plans in a computer system managed by an insurance provider, wherein members receive allocated points for using plan approved health related facilities and services; loading into the computer system managed by the insurance provider plan approved health related facilities and services; receiving by the computer system managed by the insurance provider, premium payments and contributions from members of selected medical insurance plans wherein the insurance provider undertakes liability in the selected medical insurance plans; creating by the computer system managed by the insurance provider a health fund for each member into which the payments and contributions are received; offering by the computer system managed by the insurance provider said plan approved related facilities and services; monitoring, by the computer system managed by the insurance provider, usage of plan approved health related facilities and services by each member; allocating by the computer system managed by the insurance provider in response to the monitoring of plan approved health related facilities and services points awarded to each member according to their use of plan approved health related facilities and services; creating by the computer system managed by the insurance provider a listing of each member and points accumulated; calculating via the computer system managed by the insurance provider a difference amount which is the amount of the premiums or contributions paid by a member to a medical insurance plan less the costs incurred on the member's behalf by the medical insurance plan; adding by the computer system managed by the insurance provider the calculated difference amount to the member's health fund; calculating periodically for each member, by the computer system managed by the insurance provider, an interest amount by an interest rate linked to the selected insurance plan and linked to the member's accumulated points for the period of calculation multiplied by the balance in member's health fund; adding the calculated interest amount for each member to member's health fund; at a preselected time determined and tracked by the computer system managed by the insurance provider, determining by the computer system managed by the insurance provider if the balance in the health fund is positive; and responsive to a determination by the computer system managed by the insurance provider of a positive balance, determining a payout to the member of at least a portion of the balance in the health fund including the interest amount; and paying out by the computer system managed by the insurance provider the determined payout to the member.