Patent ID: 8660861

Claim:
A method of allowing employees to allocate financial incentives for employee wellness programs, comprising: receiving, by a computing device, input about the employee receiving a financial incentive for participating in or completing a wellness activity, the input including an amount of the financial incentive, wherein the wellness activity comprises one or more of health risk assessments, prevention activities, behavior modification program participation, chronic condition management or health education program participation; determining, by the computing device, a plurality of vehicles associated with the employee that are eligible to receive contributions from the financial incentive, wherein the plurality of vehicles comprise one or more of a retirement plan, a health savings account (HSA), cash, cash equivalent rewards, or health care premium reductions; calculating, by the computing device, financial data for a plurality of scenarios, each scenario corresponding to different contributions of the financial incentive respectively allocated to one or more of the plurality of vehicles and the financial data representing financial growth of the vehicles for that scenario, wherein the plurality of scenarios include one or more of maximizing take home pay, paying for out of pocket medical expenses, paying medical expenses, apportioning payment for medical expenses while saving for retirement and maximizing savings for retirement and allocating payment toward an HSA; providing, by the computing device to a user device, a user interface that displays the plurality of scenarios for comparison, wherein a user can choose from amongst the plurality of scenarios graphically showing the financial growth of the vehicles for a selected scenario and compare different contributions of the financial incentive among the vehicles, further providing, by the computing device, the user interface with a selection tool for applying the financial incentive to one or more of the plurality of vehicles according to the selected scenario after the comparison; receiving, by the computing device, via the selection tool, a selection of the one or more vehicles for applying the financial incentive; and applying the financial incentive to the one or more selected vehicles according to the selected scenario.