Patent ID: 8126737

Claim:
A computerized method for providing insurance coverage to a subscriber of an insurance policy, said method comprising; a) storing in a computerized database insurance policy data, said insurance policy data comprising; 1) data for a plurality of; i) covered products or services; and ii) allowances for each of said products or services comprising a maximum amount to be paid under said insurance policy for said covered product or service; 2) data for a personal care account assigned to said subscriber comprising accumulated monetary credits equal to the difference between: i) the actual cost of a covered product or service; and ii) the allowance for said covered product or service; b) processing at a computer according to said insurance policy a claim for at least one of said covered products or services, said claim comprising an actual cost for said covered product or service; c) accessing at said computer said database to locate an allowance for said covered product or service; d) calculating at said computer a monetary credit associated with said claim equal to a difference between said allowance for said covered product or service and said actual cost for said covered expense; and e) if said difference is positive, updating by said difference said accumulated monetary credits in said personal care account for said subscriber.