Patent ID: 8386279

Claim:
A system for managing an insurance plan, comprising: at least one computer server; software stored on non-transitory storage medium and executable by said at least one computer, the software configured to: (a) receive data relating to the occurrence of an insured event relating to disability, disease, or death with respect to an insured, including time information relating to the insured event, (b) receive data relating to spending, unrelated to insurance premiums, by the insured; (c) receive data relating to a degree of participation by the insured in wellness activities of a wellness program directed to reducing a likelihood of disability, disease, or death of the insured; (d) calculate, on the occurrence of the insured event (i) a spend amount relating to an amount spent by the insured over a period of time, (ii) a percentage amount relating to a status level indicative of the degree of participation by the insured in the wellness program, (iii) a subsidy amount by multiplying the calculated percentage amount by the calculated spend amount, and (e) cause to effect payment of the subsidy amount to the insured person or a nominated beneficiary.